10 Best Cities In India For Real Estate Investment In 2021

Real Estate Investment in 2021 has many interesting prospects. The property prices which were unchanged in the major cities have started to show some positive shifts. And the rental market is also expected to come out from a stagnant phase. so, let’s understand whether 2021 is a good time for Real Estate Investment in India. And which are the 10 Best Cities In India For Real Estate Investment in 2021

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Whether real estate investment in 2021 is a good idea? 

For this Let’s consider the recent developments in the Real Estate domain.

First, if you are going to buy a property in 2021, you have to pay low-interest rates. Most of the banks including SBI are offering interest rates below 7%. In 2019, the interest rates were around 8-8.5%. This is indeed a significant relaxation. 

Second, In the Union Budget Of India 21-2022, there is something more for you. 

If you are a first-time buyer, you can save an additional 1.5 Lakh Per Annum on the payable interest. Provided that property comes under affordable housing, meaning stamp valuation is within 45 lakhs.  Moreover, This relaxation is applicable till 31 March 2022. 

This seems completely in favor of a real estate investment In India. But considering the bleak economic phase, are there any new affordable projects coming up in the near future? 

As you “the buyer” is having the relaxation, developers too have some tax benefits. 

Because to boost affordable housing, the government is offering tax holidays to developers. This ensures low property rates and quality projects for real estate investors in 2021. 

Now as the Real Estate Investment in 2021 sounds like a good prospect, let’s explore the possibilities. 

In India, every city has its own real estate market trend because of many direct and indirect factors. 

We will begin by considering the fundamental factors you need to consider while selecting a City for Real Estate Investment

These were some of the important fundamental parameters. 

But you need to consider a lot more while choosing a city for a real estate investment. Factors such as Real Estate market price trends in the city, upcoming projects, connectivity, and so on. 

So here, you will have a two side analysis of the city, one that focuses on fundamental factors such as livability, ease of living, sustainability, etc. For every city, you will get here detailed statistics sourced from official City Rankings 2020. 

The other side of the analysis will consider the real estate-oriented factors such as upcoming infrastructure projects, new policies, price trends, etc. The Housing Index in this article represents the price variations in residential housing properties.

So, considering all the important factors here is a list of the top 10 best cities for real estate investment in India.

  • Navi Mumbai
  • Pune
  • Mumbai
  • Thane
  • Bangalore
  • Chennai
  • Hyderabad
  • Noida
  • Ahmedabad
  • Kolkata

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