Is the real estate market still a good investment for a household?

Blog | Hiranandani Constructions | Buy Property in Mumbai

Is the real estate market still a good investment for a household?
HiranandaniCommunities | 11 Mar,2018

Real Estate Investment

 

The key to make a good real estate investment is picking the right location with great prospects. The location needs to provide convenience of travel and accessibility. Any form of investment needs a good amount of research, affordability and development index of the area. Since major cities like Mumbai, Delhi and Kolkata have sky rocketing prices for property, more attention is being paid to the satellite towns of these cities.

It is a good decision to invest in places that in growth and developmental stages. The resident needs to consider the possibility of them shifting to that location in the future and find the place viable. For example, the progress of Chennai’s real estate has witnessed a transition from the central part of the city to the south which is also applicable to other cities in the country like Mumbai and Delhi. Places in Chennai such as Velachery, OMR are under rapid development and have a high population of young residents. Oragadam is a place on the outskirts of Chennai which was known to be a commercial and industrial hub. It now has several housing projects coming up.

Investing in developing places has been quite a common idea in real estate as we see more and more builders setting up projects in such places.  Hiranandani communities has been known for its exemplary township projects in Powai and Thane. They now have projects in Alibaug, Chennai and Panvel.  Hiranandani Constructions has always strived to stand apart when it comes to building luxurious and high quality homes.