Investment Cities In India

india-city-rankings

PropEquity published the top ten cities in India by studying the inventory and the number projects launched.The biggest mover from 2009 is Bangalore that has seen astronomical growth in the past few years. It has moved from 6th position to the top while Mumbai slid down to 8th position due to the saturation of the market. Bengaluru witnessed the highest average number of project launches in the 2013 -2014 period with almost 500 projects, followed by Pune.  Pune has maintained its position primarily due to the increase of development and affordability in addition to being closer to Mumbai.
Chennai also moved up from the 6th position to 3rd due its multi-industrial expansion. There may be inventory and builders are trying to sell it off by giving good incentives. This may be a good time to take advantage of the benefits.
Gurgaon fell from its 7th position to 10th due to the excess inventory yielding the 7th position to Kolkata. Ahmadabad moved up three levels to 5th position from 8th position.
In another major development, Chinese top Real Estate Developer Dalian Wanda group will be investing $10 billion over the next 10 years.
In my next news letter I will be sharing some tips on buying luxury apartments by High Networth Individuals/NRIs.

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