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Follow on Google News | Tier I Cities Most Preferred Residential Investment OptionsProspective home buyers need to look at certain drivers of accessibility, infrastructure and locational viability in a city to earn a profitable return on investment.
By: maaproperties Besides the tier I cities, there are also some other cities that are gaining ground for investment purposes. Cities such as Bhubaneswar, Patna, Gwalior, Pune, Rudrapur and Nagpur are some examples. "These cities have several attractive features such as being IT, BPO, academic, pharmaceutical or financial and commercial hubs. Hence, a lot of people are migrating to these cities thereby adding to the demand for real estate," feels Rajeev Rai, VP (corporate), Assotech. The developer has residential housing projects in Delhi NCR. Demand, according to developers, is mainly concentrated in the Rs 30 lakh to Rs 60 lakh category. "The demand has been picking up over the last few months. It is mostly for the affordable housing segment with end-users making up a majority of the market," says Vijay Jindal, CMD, SVP Group. Interestingly, a lot of developers shifted their product portfolio from luxury housing to affordable segment when economic downturn slowed down demand. Mr Gupta of JLLM feels that unlike its counterparts, the residential sector has begun to show signs of stability in many markets, and even recovery in certain cities. "Whether this trend will continue depends on economic factors (mortgage rates, GDP growth, labour market stability) and on prudent decisions by developers on issues relating to prices and quality of product being offered," he says....http://www.maaproperties.com/ At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home. We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI) # # # Maa properties provides property related transactions in Hyderabad like buy, sell, rent, lease, providing tenants, maintenance for nris under three services property deals, property analysis and property care. End
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