CommonFloor’s Top 10: Real Estate Growth in Cities
The real estate portal Commonfloor has released a list of the top ten Indian cities on the basis of maximum expected growth after the formation of the new government. The cities on the list are Bhiwandi, Ghaziabad, Indore, Jaipur, Ahmedabad, Nashik, Lucknow, Kochi, Vijayawada, and Vadodara.
The real estate sector in India, which was undergoing a major slowdown, is now set to grow quite quickly after the election of the Modi government at the centre. People in large numbers are openly signalling hopes of market revival. The central government’s promise to grow the Indian economy by improving the country’s infrastructure brings a new ray of hope to the sector.
The various pending infrastructure projects are expected to be expedited under the Modi government. This is set to boost the real estate growth in many cities. People are especially awaiting the expedition of the Delhi-Mumbai Industrial Corridor. The development of this corridor would help the real estate sector grow exponentially especially along Bhiwandi, Ghaziabad, Indore, Ahmedabad, and Nashik.
The metro projects being undertaken in cities such as Lucknow, Jaipur, and Kochi would also contribute significantly to real estate development. Political activity is also set to help real estate in a few cities, such as Vijaywada and Vadodara.
Source: The Hindu – Habitat
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