Residential property investment today is one of the
most successful and popular wealth creation
vehicles, however, as the saying goes, the key lies
The key parameters for reside-in cities are health, education, environment, safety, public facilities and entertainment.
The ‘earn-in’ list of cities can be based on growth rate of employment, per capita income and opportunities available.
Historically, cities have been a driving force in the economic and social development of a country. Over the past 50 years, the population of India has grown two and a half times while urban India has grown by nearly five times. The metro cities of Bangalore, Delhi and Mumbai have essentially been the earn-in cities of India. They are like core investments that shall continue to yield great returns.
However, as the economy flourishes, the barren patches of land in satellite towns attracted global attention and cities like Gurgaon, Noida, Mohali and Pune have become investment hotspots. The spill over was imminent and Chennai,Hyderabad, Bhubaneswar, Visakhapatnam, Nagpur and Thiruvananthapuram similarly leveraged on their skilled manpower to welcome the IT and biotech industry. Manufacturing and industrial services which have performed remarkably well in the last few years propelled cities like Ahmedabad, Jalandhar, Ghaziabad and Surat.
The urban landscape in India is currently undergoing a transformation as the real estate wave engulfs low profile locations in Tier II and Tier III cities. As incomes grow, the retail and commercial sector in these cities has grown as well with the development of shopping malls and multiplexes, luxury and budget hotels, resorts and serviced apartments. Thus residential townships, IT Parks and Special Economic Zones are not the preserve of Tier I cities like Delhi, Mumbai, Bangalore, Hyderabad and Chennai anymore.