Buying A Home In 2021? You Must Consider These Cities
July 16, 2020
Home is where the heart is!
It’s always a dream to have our own house. The apartment that you own is not just a mere investment; it’s going to be a place you live in forever. However buying a home is not an easy task, from property hunting to loan agreement, there’s a lot that goes into the process, and the struggle is real!
Buying an apartment is also one of the major life decisions one has to ever take; this can be overwhelming as well. As a new buyer, there are so many things you need to know before getting started.
Real estate is booming in India, and there are numerous cities you can consider for buying your dream home. You can buy your flats in Pune, Thane, Navi Mumbai, Hyderabad as they are most preferred over other cities.
5 Most Happening Indian Cities To Buy A Home
Picking the right city is extremely important while buying a home. Thus, it is one of the prime aspects that influences the value of the property. A poor choice of the city can bring down the property’s value.
Currently, the IT sector is thriving in Hyderabad. This has led to an increase in the city‘s youth population. As a result, there is a surge in commercial and residential real estate. This city has become one of the most sought after real estate destinations of southern India. The property rates are attractive, and the investment is worth the money. Gachibowli, Kukatpally, Rajendra Nagar and Kondapur are the best places that can be considered while buying a home.
This city that is commonly referred to as the Silicon Valley of India has a prosperous real estate market in the country. The property rates don’t seem to drop owing to the constant surge in the IT sector. According to experts, the rates may be unaffordable in the coming years. So, it is better to invest as early as possible and make the best out of it. Hebbal, Koramangala, Indira Nagar, Whitefield, MG Road, Lavelle Road are the best places for real estate investment in the city.
The real estate market in Pune is growing exponentially. Pune has become the next housing hub after Mumbai. The city’s infrastructure and amenities are garnering interest among the investors. The flats in Pune are affordable and budget-friendly. These apartments in Pune come with attractive amenities and state of the art infrastructure. Localities such as Deccan, Koregaon Park, Bibvewadi, Kalyani Nagar, and Central Pune are the best localities for investment while Places like Kharadi, Magarpatta, Warje, and Baner have grown exponentially in the last few years.
Navi Mumbai and Thane
If you aspire to live in Mumbai, but can’t afford the cost of living, then Navi Mumbai and Thane can be considered for buying an apartment. The real estate projects in these places are budget-friendly and affordable. The homes are spacious too. Navi Mumbai and Thane are well developed, and one can expect a good return on investment. Currently, the property rates are low when compared to Mumbai due to its less popularity. However, the rates will shoot up in the coming years.
The capital of God’s own country is one of the most sought after real estate destinations in Kerala. The real estate sector is thriving in Kochi due to modernisation and rapid growth in the IT industry. Eminent builders are coming up with an array of projects. The property rates are increasing substantially. Aluva, Kakkanad, Tripunithura, Edapally & Kaloor are among the most preferred localities for home buyers.
How to choose the right realtor for your dream home?
Real estate is booming in 2021, thanks to Work From Home!
Once you decide on the city, you will be selecting a real estate promoter. The market is saturated with realtors, and this might make it difficult while taking the final call.
So here are few things you should keep in mind while zeroing on a real estate promoter for your dream home.
- Firstly, ensure that the property is situated in an ideal locality
- Budget, finances, and loans are the most significant factors to be taken into account
- Accessibility and connectivity of the apartment is a critical aspect while choosing a project
- Assess the resale value of the property
- Quality of construction, infrastructure, and amenities are to be considered, as well.
- The reputation of the real estate company in the market matters too!
To sum it up, the property should satisfy all your requirements, and it is always recommended to compare various realtors before taking the final call.