PRLog - Feb. 28, 2013 - THANE, India -- Real estate is one of the booming industry in India and the globalization occurs in India has made it one of Asia’s economic powers .This is evident in India's booming real estate industry. India's prominences in the telecommunications and technology hubs have given its major cities an economic surge. India's prominences in the telecoms and technological innovation locations have given its significant places a financial increase
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Mumbai is formerly known as Bombay, and it was India's most populous city. Mumbai is located on India's eastern coast; Mumbai is home to numerous industries. It is the support of the Native Indian Film Industry, more popularly known as "Bollywood". Mumbai is also called as “Dream’s city” Mumbai is also home to major financial and business companies. The city thrives on these industries coupled with the commerce coming from its major sea port. The city has a lively real estate industry, with South Mumbai being one of the most expensive places to live in. The real estate Mumbai offers is highly sought after by actors, billionaires, CEO's and other rich and successful individuals. As India's entertainment and financial capital, Mumbai has seen real estate bubbles and crashes in the past, though with the continued growth of its economy, the real estate industry in the city continues to hold great potential.
Delhi officially called as National Capital Territory (NCT).located on the Yamuna River in northern India. It is the second most populous metropolis in India after Mumbai and the largest city in terms of area. Gurgaon is one of India's major real estate hubs. Located a few kilometers south of India's capital, New Delhi, the Gurgaon real estate industry is in a unique position to challenge Bangalore and Mumbai's dominance in the Indian real estate market. Major Indian companies have heavily invested in the real estate Gurgaon has, aiming to provide a cheaper alternative to Mumbai and Bangalore for Fortune 500 and Indian companies. Locations near the airport and along India's major highway are prime real estate commodities whose prices still continue to skyrocket.
Located on India's south-western coast, Chennai has long been a center of India's southern states. It is India's sixth most populous city. Chennai enjoys the distinction of being the most livable places in India. The city's economy is fuelled by the growing BPO and call center industry. The city also hosts the center of the Tamil Film Industry, colloquially known as "Kollywood". The real estate Chennai offers is usually grabbed by companies looking to set up offices, actors and producers or Mumbai and Delhi migrants looking for a more laid back atmosphere.
Hyderabad is India's fourth most populous city. Its economy is fulled by major international and local pharmaceutical companies, earning the city the "Genome Valley" moniker. The real estate Hyderabad offers is usually faces high demands from companies looking to set up factories and offices. The city's residential real estate industry is also a growing one, with condominium and apartment units growing in popularity among the city's young professionals.
India continues to grow as the region’s leading center for finance, technology and industry. India's economic growth is fulled by several key cities, each with their own source of commerce and trade. The real estate industries in these cities will continue to flourish so long as India remains the region's economic leader. Investors looking to get in on the real estate boom in India would do well to scope out the opportunities offered in the cities of Mumbai, Chennai, Hyderabad and Gurgaon.
There are several factors to be considered when we want to buy real estate in India. For better assistance and best deals you must visit:
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