IT companies and other global brands have made the three South Indian cities – Chennai, Bengaluru, and Coimbatore, the neighborhoods to watch out for. The real estate in these cities cater to people from varied backgrounds and help provide the ideal home for those looking at the affordable as well as the luxury segment.
To buy a house, one needs to do substantial research while keeping in mind the budget and location. These three South Indian cities have excellent transportation, strong community living, and a lifestyle that appeals to a diverse population. We take a quick look at why these three cities make for reliable real estate investment.
The capital city of Tamil Nadu is a sought-after real estate destination in India. The city is filled with aspiring young professionals who enjoy the city’s cultural melting pot. Chennai has distinct architecture and offers an array of delicious cuisines and tourist hotspots.
The IT corridor in some of the more significant areas in the city such as the Old Mahabalipuram Road, Oragadam, East Coast Road, Sholinganallur, and more has seen dramatic economic growth over the last decade. The city boasts of some of the leading educational institutes, medical facilities, and attractive real estate opportunities. Chennai is also a frontrunner in other sectors such as automobile and textile.
Buying a house in Chennai is a good long-term investment prospect, owing to its rapid growth in the industrial sector and infrastructure. The latest developments in the city’s public services, such as new expressways, metro projects, and more, have made travel within the city more efficient. The city is accessible by air, road, and rail from all the other prominent locations in India. The international airport also connects to all the major cities across the globe. With more international companies making a beeline to the city the real estate sector is flourishing. There are several attractive neighborhoods here with amenities and services within reach.
One of the top tier-II cities in India, Coimbatore is fast emerging as the real estate location for investment. Especially over the last two decades, real estate companies have recognized the potential of this city and made way for several affordable and luxury housing options.
Coimbatore has seen steady progress in the IT and manufacturing sectors. This boom has resulted in a plethora of employment opportunities for young professionals.
The public transport and proximity of amenities are an added bonus for those living within the city, as well as the outskirts. Coimbatore also prides itself in its abundant water resources and connectivity to tourist destinations such as Ooty and Kodaikanal. The city also has a strong infrastructure and a pleasant climate, which makes it a model residential destination.
Coimbatore is becoming a preferred destination for education with campuses of some of the renowned institutes and universities. There are plenty of entertainment opportunities in the city, ideal for unwinding over the weekend. A few of the top residential areas here include Singanallur, Trichy Road, and Kalapatti.
With its constant economic growth and decent infrastructure, Bengaluru is an idyllic place for real estate investment. The city gives one a glimpse into the cultural milieu of India. People from all walks of life make the city their home. This also gives it a progressive edge compared to other South Indian cities.
Some of the best locations in Bengaluru for real estate investment include Whitefield, Sarjapur Road, BTM Layout, Hebbal, Devanahalli, Yelahanka, and Hennur Road. Bengaluru also has several leading educational institutes, medical facilities, and other amenities that appeal to young families.
Bengaluru offers a wide range of housing options that includes affordable, mid-segment, and luxury. The city of Bengaluru is well-connected with the other metropolitan cities in the country as well the international airport here links to some of the top cities in the world. The real estate market in Bengaluru is in great demand thanks to the steady employment opportunities provided by various IT companies, who have made the city their home.
While the pandemic may have created a dent in the real estate sector across these cities, real estate pundits and developers believe that the coming two years will make up in sales and various companies get adjusted to the new normal. So what are you waiting for? Get started on your investment today!
For real estate investment opportunities take a look at Radiance Realty for a wide range of options. A leading real estate company, with an expertise of over 70 years, has found solid footing in Chennai, Coimbatore, and Bengaluru cities. The brand has a history of working within timelines, offering a wide inventory of choices, with advanced amenities and lifestyle facilities in prominent neighborhoods of South India. Check out www.radiancerealty.in to find out more.