Real estate sector has been booming exponentially in the last decade, expanding city limits and boundaries further. With a huge influx of working population, it also affects the cost of living and liveability and as per the trends, the numbers are bound to only increase in the coming years making Indian cities amongst few of the most expensive cities for real estate investment.
1. Mumbai – India’s financial and entertainment capital, formerly known as Bombay, tops the list in being expensive in terms of real estate. It’s also listed among the top 10 commercial centres across the globe, contributes as much as 5% of India’s GDP, home to major financial institutions, and corporate headquarters of many major Indian companies and MNC’s.
2. Delhi – The capital city of India and one of the most major Indian cities, Delhi is also one of the most expensive cities in India, in terms of real estate. All kinds of industries, India’s political power, transportation connectivity and lots more have made Delhi a rapidly developing city, along with its near-by regions such as Gurgaon, Noida, Ghaziabad and others.
3. Bangalore – These south neighboring cities have seen a strong influx of growing population, making the cities expand exponentially. Lots of under-construction and upcoming projects by some renowned and reputed national and global builders/developers have made these southern city skylines full of residential and commercial towers. The cost of living in Bangalore is considerably higher, as a cosmopolitan global Indian city.
4. Pune – One of the largest metropolitan city and the second largest city of Maharashtra, this Indian city has developed as a growing IT destination. The city is also growing in terms of manufacturing, infrastructure and real estate.