Deepika Bansal

Real estate in Vishakhapatnam is multiplying owing to the huge potential it holds for expansion and development. The industrial city has seen a rise in property prices as more and more companies have started flowing in to establish their operations in East India.

South Delhi, synonymous with sophistication and splendor is the hottest place in the city to live and hangout in. It houses foreign embassies, historical monuments, well known shopping centers and some of the most prestigious educational institutes. Laying out excellent infrastructural facilities, realty in South Delhi is the most sought after in the entire city.

The interest in Indian real estate sector is no more restricted to a specific group or elders in the family, it has in fact become a common phenomenon for youngsters as well. This is one of the major reasons for the intermittent increase in demand for residential property in particular.

The boom in Indian real estate has reached each and every corner of the country- West, East, South, North and Central. Central India includes Madhya Pradesh and parts of Maharashtra, Uttar Pradesh, Andhra Pradesh and probably Chattisgarh.

The real estate in Delhi has always been the most lucrative in India for both national and foreign investors. All the parts of Delhi- South, North, West, East and Central- are witnessing noteworthy developments that are expected to soon fuel up the prices.

The most preferred affordable realty sector usually is the smaller or tier- II & III cities. In wake of the sky rocketing prices of property in Delhi, Mumbai and other metro cities, the realty sector in other potential cities is booming at its best. Indian real estate is one of the rapidly flourishing sectors as the number of developers, buyers and investors keep multiplying.

The property developers in India have been conducive to the world class structures coming up across the country. Both the leading realty builders and the local property honchos have elevated the living standards of Indian households to several notches. This has been possible with high class setups being built throughout the entire property spectrum equipped with advanced amenities and round the clock facilities.

From local to national builders, all were engaged in frenzied developments in the cities of Gurgaon, Noida, Navi Mumbai, Mysore, Pune, Nagpur, etc. as they offered ample scope for development. Along with these, other tier-II cities like that of Lucknow, Indore, Ahmedabad, Chandigarh, etc. also bustled with developmental activities.

Pune has not only come across as a cosmopolitan city but also as the cultural capital of Maharashtra. It offers a wonderful blend of tradition and modernity symbolizing historical past as well as a software and industrial center of today with global presence. The entire realty sector in Pune is flourishing with humungous developments in residential, commercial and retail segments.

According to a real estate index released by a property portal, Mumbai realty has seen highest price escalation in India last year. The property rates in Delhi and other upcoming residential hubs like Hyderabad and Bangalore rose from 2 to 10% whereas Mumbai property witnessed a colossal hike of nearly 25%.