Non-Resident Indian are often in a dilemma when it comes to investing in properties. They have a budget but have little idea about the supply in various cities of India. At times property buyers’ end up buying properties that they were not searching for in the first place. Thus, it is necessary to know the demand-supply graph in the locations of your choice so you can make the right decision.
Mumbai: It is one of the real estate markets where the supply of flats is quite high. The price is on the higher side but the availability of flats is not an issue in this city. Home buyers mostly search for flats followed by houses, plots, villas, and penthouses in Mumbai.
The city has witnessed vertical growth which is the only solution for Mumbai which is not only highly populous but has seen significant demand for residential housing. Here it remains a challenge for experts to increase the supply so high-rise construction is the trend in Mumbai.
Bengaluru: Bengaluru real estate market has witnessed a growth in urban population owing to demand from the IT/ITeS sector. Flats are the most supplied property type in the city. IT professionals mainly prefer apartments in Bengaluru where rates are on the higher side and availability of land remains problematic.
Pune: In this city, under-construction properties witnessed equal preference as ready-to-move-in properties. This means that sales are not focused on only one segment.
Delhi: The demand for the housing sector in Delhi has undergone alterations over the years due to change in the availability of properties. As the property prices are a bit on the higher side, homebuyers prefer flats over independent houses.
For those who cannot afford apartment complexes or independent house can opt to purchase builder floor apartments which are available across the city.
Chennai: Investing in Chennai real estate market is considered a safe investment because of the fact that there is unending demand for homes driven by the notable industrial mix including technology, healthcare, automobile, and manufacturing sectors. Areas in the southern part of the city are touted to be fast growing.