Real estate in India has witnessed dynamic transformation ever since the introduction of regulatory policies such as RERA, demonetisation, and GST. However, even as the changes were being ushered in, South India continued to gain momentum and act like a silent crusader. Today, cities towards the South have become a focal point for future real estate developments. In case you are planning to invest in South India, here are a few places to consider.
South Indian cities such as Bangalore has emerged as one of the best-performing real estate markets in the country. While the majority of the other areas across the country reported downward pressure on prices and a reduction in supply, the cities towards the South continued to resist the recessionary pressures and reported price appreciation. The reasons behind the same can be attributed to limited new launches across the region, focus on completing delayed projects, availability of land parcels at reasonable prices, high retail growth, increased demand from Non-Resident Indians (NRI) and the development of social infrastructure over several years.
Real Estates News of Bangalore:
Bangalore remains one of the most preferred real estate destinations for investors and end-users, not only from within the country but overseas as well. Factors such as strong macro-economic dynamics, smart infrastructure, favourable climatic conditions, presence of IT hubs, and the presence of varied housing options for all the sections of the society; Bangalore has witnessed an incremental upsurge in its population over the years. Led by rising consumer demand, the city reported an increase of 80 percent in the overall housing sales between 2017 and 2020. Reluctantly, the overall unsold stock reduced by 44 percent during the same period and quarters-to-sell, too, witnessed a substantial decline from 42 months in 2017 to 15 months by the end of 2020.Read More