September 24, 2010 6:15 pm
Which small city can be considered for the real estate investments ? I would like to vote for
what about Jaipur? Lot of IT comnies r moving to Jaipur. Can it turn out to be another IT hub like Gurgaon/Pune/Banglore
My take is on Kolhapur, Maharashtra. Recently more than 100 Mercedes cars were sold in Kolhapur. So these people seem to have loads of money. If your budegt is modest, Kolhapur is a good bet.
Hosur in Tamilnadu very nearer to Bangalore,Coimbatore,Tirupur.
Agreed with the Ghaziabad (Indrapuram etc.) argument. The big cities are like defensive stocks. Even when the real estate markets crash, the sheer demand for the real estate in big cities will prop prices and not let them drop drastically (imagine ever getting a 2BHK in main Delhi for 35-40 lakhs).
Gujarat, again agreed. But, the situation is like the current stock markets. Overpriced. When you can get apartments of 35-40 lakhs on the outskirts on Delhi NCR, and you’re getting the same prices for the same apartments on the outskirts of Surat and Baroda, it doesn’t make sense.
Nagpur sounds interesting. Anyone have an idea on Nagpur/Indore and those?
Ghaziabad (Indirapuram, NH 58 & Vaishali) for two reasons:
1. Near to overpriced Delhi & Noida.
2. Metro line will be extended soon.
Its better to lead bunch of cows by a tiger rather than bunch of tigers by Cow….
Invest in city / town where chief minister poised for growth and place is investor friendly.
I’d bet for gujarat.
Surat – Ignore. Its already over priced.
Check out smaller towns in gujarat.
Can you please explain how to reach a decision of over priced or under priced?
Surat has lot more to progress and it is called now a city of over bridges. Also i havent seen property rate fall ( it may be standstill ) after any new project started.
Well, My two cents:You can also put small city Bharuch in your list where Dahej port is most favourable part of big industries investment. Bharuch-Ankleshwar and Surat-Navsari is going to be twin city.
What time frame are you considering , WIll Ujjain give great returns in next 10 yrs compared to tier 2 cities like Baroda or surat ?
If u want to go for Small Cities i will Vote for more smaller cities like Ujjain ( Where Govt. has started Projects of Rs. 1600 Crores due to Next Kumbh after 4 years ) and some smaller towns in Gujarat where industries have developed vibrantly . Really there is a lot of Scope.
In Indore Scope Doesn’t seems too much due to political ignorance.
Nagpur is Not good as land is too costly now a days there and u have to go about 3-0- 50 kms to get a land for investment in budget
Indore, Raipur and small cities in UP and MP look good for investment.
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