Which city in India is best for Real Estate investment in 2022?
1. Uttarakhand
What’s better than spending some spare time by the lakeside at the City of Lakes Nainital. Nothing compares to the sensation of sipping coconut juice and enjoying the summery atmosphere while floating on the steamy Naini Lake and listening to the Himalayan birds tweeting from the tree’s overhanging branches. You may take a tour of the lakes at Bhimtal, Sattal, and Nakuchiatal, or you can go sightseeing at locations like Snow Viewpoint and Tip on Top. If you are looking for holiday homes in Nainital then you can get them easily. DaAlohas provides holiday homes and villas in Nainital, Bhimtal, sattal, and mukteshwar also.
Favorable Government Policies
- CIDCO: To provide homes for EWS and MIG residents in Navi Mumbai, the government developed the CIDCO (City and Industrial Development Corporation of Maharashtra) housing initiative. The state government intends to provide 90,000 apartments to members of the Economically Weaker Section (EWS) and Middle-Income Group (MIG) via this programme.
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2. Navi Mumbai
Residential real estate in Navi Mumbai is renowned for its excellent architecture. The future of Navi Mumbai International Airport is also one of the most important factors to consider while making investments in this location. By 2024, the project's first phase is anticipated to be finished. After it is finished, there will be more job possibilities, which would eventually raise the demand for residential and rental homes.
Favorable Government Policies
- Using the most recent infrastructure and technology, the state government has passed rules that are digital, transparent, and user-friendly. With 56 designated Special Economic Zones (SEZs), 34 of which are operational, the state has the most SEZs in the nation (the second-highest number in the country).
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3. Pune
13% of the GDP of the state is produced in Pune. Because of its advanced technology, numerous industries, and great connections, it is developing into a megacity. Pune is one of the greatest cities in India to invest in real estate since property values there provide homeowners a desirable Return-on-Investment (ROI). Investments in real estate rose by 75% in 2021, and it is expected that this pattern would continue in 2022.
Favorable Government Policies
- The PMAY (Pimpri Chinchwad Town Development Authority) initiative was started with the goal of building 6000 affordable apartments for the city's residents. So far, 4884 units have been given to PMAY grantees.
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4. Chennai
Chennai is one of the greatest cities in India to invest in real estate because of its cheap interest rates and the various discounted offers made by the city's well-known developers. The city is abundant with skilled and knowledgeable builders that go above and beyond to make each project outstanding. The city added 4,500 new housing units during the first quarter of 2021. Additionally, the city is experiencing a rise in rural regions that provide more shopping possibilities.
Favorable Government Policies
- The third master plan, which would be put into action between 2026 and 2046, is now being worked on by the Chennai Metropolitan Development Authority. This plan will concentrate on increasing affordable homes.
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5. Noida
The main factors influencing real estate investors have been Noida's planned infrastructure and affordability. The city has various attractions that make living there delightful, as well as affordable housing.
Favorable Government Policies
- The Delhi Development Authority launched a housing program in 2021 that would lead to the development of roughly 1300 homes.
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