Which City in India Is Best for Real Estate Investment?

  • Which City in India Is Best for Real Estate Investment?
    7Jul 2021

    This year is shaping up to be one of the best years for potential home-buyers. Low interest rates on home loans have paved an opportunistic way for real estate investment. If you are looking for assured returns on investment in real estate, you can't go wrong with the new Hiranandani townships, be it Hiranandani Parks, Oragadam – New Chennai or Hiranandani Fortune City, Panvel – Navi Mumbai. Both locations are expected to become one of the top rising residential realty destinations in India.

    Chennai, for example, has one of the fastest-growing IT sectors in the country and a prospering automobile industry. With the city now bursting at its seams, the new outskirts are now transforming into leading real estate destinations.

    Here's what makes Chennai one of the best cities for real estate investment in India:

    Extensive job opportunities

    Chennai is rapidly becoming the top city in IT development and manufacturing. The outskirts of Chennai are dotted with SEZs for electronics, hi-tech industries, and automobile manufacturing. Most of the companies are concentrating on areas like Oragadam, Sriperumbudur, and OMR. Presently, there are over 100 MNC companies alone in Oragadam offering over 3 lakh jobs. With new developments, like the expansion of the Daimler Plant, Foxconn setting up its units, Vestas, Yotta, Gurit, Greenbase, the dry-port and the second international airport are expected to increase the skilled workforce exponentially. Such investments have resulted in additional investments by the state government in civic infrastructure, thus enabling a higher quality of life.

    Seamless connectivity

    It’s nearly always all about location. Location and location, defined best, with the connectivity it offers over other parts of the city and the country. This ease of connectivity is the reason why properties in Chennai are an ideal place to invest in. The state highways and the Oragadam junction offer seamless options to connect to different business, residential, commercial and retail corridors. Moreover, a widespread bus network, railway lines, and the future proposed metro rail will reduce travel time and further improve connectivity. Additionally, the proposed Greenfield Airport in South Chennai is inclined to facilitate a faster and better commute to the city.

    Social Infrastructure

    The social sector accomplishing sub-sectors like education, health, medical care, housing, and water supply is essential for the city's economic development. Oragadam, itself has multiple infrastructural highlights, most of them being within Hiranandani Parks, Chennai. The surrounding peripheral regions are flourishing with well-developed social infrastructure as well. Annai Violet International School, Sankara School, Saint Mary’s School, Sir Ivan Stedford, Rakki Hospital, VM Hospital, Arcade Mall, La Cera Mall, VR Mall are some of the famous educational institutions, healthcare centers, and entertainment options in the vicinity.

    Profitable Return on Investment

    According to the National Investment Promotion and Facilitation Agency (NIPFA), 68% of Tamil Nadu's population is in the working-age group. Having such a large proportion of the earning population implies huge opportunities for the housing sector. Even when the graphs of most of the urban cities are observing decline, real estate investment in Hiranandani flats Chennai is remarking progress. The GDP of the Chennai micro-market, based on a recent study by property aggregators has been growing by 8.17%. Making dreams come true for many people. Many of whom have chosen to invest in real estate, apartments or plots alike.

    Thus, buying flats in Hiranandani Parks Chennai is one of the best investment decisions you can make. Favorable social and luxurious facilities being offered by Hiranandani Parks Oragadam, give its discerning buyers the most coveted opportunities of well-rounded lifestyle with holistic environment for sustainable growth. Top in class amenities such as Landscaped Gardens, Indoor Games, CCTV Cameras, Swimming Pool, Gymnasium, Play Area, Clubhouse, Health Facilities, 12 federation standard sports facilities, Car Parking, Fire Safety, Jogging Track, 24Hr Backup Electricity, Meditation Hall, High Street Retail, Security, Temple, Restaurant, etc. add to your plan of leading a glorious lifestyle. Such properties have a trajectory of exponential appreciation in the coming years, thus giving the buyers even more reasons to invest in Chennai.

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