South India is fast emerging as a real estate destination, thanks to the increasing job opportunities and exciting projects. The top 5 cities in South India for real estate includes Chennai, Bengaluru, Coimbatore, Hyderabad and Kochi. Each of these cities has seen an increase in real estate demand that caters to people from all walks of life. Housing in South India is exceptionally affordable with reasonable pricing that also gives access to a leisurely suburban life with ample amenities. These cities promise long-term investment with good return on investment.
Chennai
To keep up with the demands, Chennai has been investing greatly in their infrastructure and building good residential neighbourhoods. The capital city of Tamil Nadu has always been known for its cultural aspect, but add to it the number of multinational companies here, young professionals find the city ideal to settle in. Some of the significant areas here are Old Mahabalipuram Road, Sholinganallur, Orgadam, East Coast Road among others. The city is also a frontrunner in the services provided such as educational institutes, automobiles and healthcare.
Coimbatore
Coimbatore has seen a surge in affordable housing over the last two decades. Despite being a tier II city, Coimbatore is developing greatly in IT and manufacturing sectors. The transportation and connectivity to other cities from here add to the overall appeal. The city’s pleasant climate also makes living here notably comfortable. Some of the well-known residential areas here include Singanallur, Trichy Road and Kalapatti. There are many top educational and hospitals here.
Bengaluru
Bengaluru has a wide range of housing options. From affordable, mid-segment to luxury, the city offers the best of everything. Bengaluru is one of the well-connected cities in India. Over the last decade, the city has become a sought after destination for IT companies and corporations which support a client base situated overseas in the United States, United Kingdom and Europe. Add to it, the city’s infrastructure development and the progressive lifestyles, makes it an attractive real estate destination.
Hyderabad
Despite the negative impact of the pandemic in 2020, the year of 2021 has seen a robust increase in commercial and residential investment in Hyderabad. Suburbs such as Kondapur, Kompally Gopanpally, Bachupally and Kismatpur have also seen a surge in real estate demand. The Metro project is one of the key reasons for an influx in real estate. There has been a steady demand among IT professionals and the migrant population here, who mostly look for affordable housing options.
Kochi
From the Metro rail’s intra-city connectivity, infrastructure development to the much coveted Smart City tag, Kochi is fast becoming a real estate destination in India. The city is a culture melting pot and is known for its tourist destinations. There has been a great interest in the housing segment here and several projects in the pipeline to keep up with the demand. Over the last decade, Kochi has seen a steady change in the cityscape to keep up with the demand and the rapidly growing real estate market. Several new IT businesses have set up their shop here and made way for more job opportunities.
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 neighbourhoods of South India. Check out www.radiancerealty.in to find out more.