Real Estate In South India
The Indian real estate market recovered quite quickly from the teething challenges posed by the coronavirus pandemic. An article by Construction Times studied that there will be $1 trillion of real estate sales in India by 2030, contributing 13 per cent to GDP by 2025. When we study the north Indian and the south Indian real estate markets, the south seems to be ruling the roost.
Both residential and commercial real estate has been doing well down south, thanks to the development across various industries, especially the IT and Corporate sectors. The growth in these sectors has led to the expansion of businesses. Businesses need office spaces to set up their business units, and this has given rise to the demand for commercial spaces, especially office buildings. The development across the said industries has also increased the available job opportunities in South India. Companies are on a hiring spree, and with incoming talent from across the country, the demand for residential real estate is also on the rise.
Development across sectors, expansion of businesses, and increased job opportunities are the major growth drivers for the South Indian real estate market or sector. The top cities contributing the most to the south’s real estate growth include Chennai, Bengaluru, Hyderabad, Coimbatore, and more. The next section of the blog will discuss the best place to buy plot in South India. Stay with us!
The Best Places To Invest In Real Estate In South India
As discussed in the previous section of the blog, South India is a key contributor and a better-performing segment of the Indian real estate market. Let us go through some of the best cities to invest in land.
- Chennai
Located in Tamil Nadu, Chennai is also the state’s capital city. Rich in culture, the city also offers a contemporary dynamic for its citizens. Chennai, like Bengaluru and Hyderabad, is also a growing IT hub, with several SaaS (Software as a Service) and IT companies like Freshworks, Zoho, TCS, Accenture, Oracle, and more, founding branches and headquartering in the city. This paves the way for demand for commercial real estate. In addition to this, the city is also home to good schools and colleges that offer quality education and multispecialty hospitals that ensure citizens get access to advanced healthcare. The city offers good job opportunities and balanced life, making it a desirable place to live in. This makes Chennai the best place to buy plot in South India.
- Bengaluru
Bengaluru, also called Bangalore, is one of the most prominent IT hubs and also the ‘it’ place, i.e., the most happening place! Favourable climatic conditions, a growing economy, and smart infrastructure are just a few reasons why the city is an all-time favourite destination for investors and people alike. Though the city has been mocked many a time for its traffic that can cause an immense delay in your day-to-day life, Bengaluru offers the best of cosmopolitan and quiet city-bred lives. There are several job opportunities that attract the millennial crowd as well as families to the city. Bengaluru also has everything, including educational institutions, hospitals, and entertainment hubs, in order to offer its citizens an ideal life. There is a constant demand for both commercial and residential real estate, which is one of the reasons it is the best place to buy land in South India.
- Hyderabad
Hyderabad is the original IT hub of India. The capital city of the state of Telangana is one of the most prominent It and trade and commerce centres in the country. Many international corporations, including Microsoft, Google, and more, have set up their Indian headquarters and offices in Hyderabad. With a government that is extremely business-friendly with its policies and initiatives, the city attracts several businesses and start-ups to set up offices there. Apart from this, the city is an ideal place to live in, thanks to the immense job opportunities and the conditions of living. You can find top-quality education centres and healthcare facilities, in addition to entertainment hubs and great connectivity. Real estate has developed here by leaps and bounds, and this is one of the reasons Hyderabad is the best place to buy land in South India.
- Coimbatore
While Chennai, Bengaluru, and Hyderabad are tier-I cities, Coimbatore is a tier-II city located in Tamil Nadu. With a rapidly growing infrastructure, it is one of the most developed cities in Tamil Nadu, second only to Chennai. Known as the ‘Textile Valley of India’, Coimbatore houses Palladam Hi-tech Weaving Park, the first integrated textile park in the country. The city of Coimbatore has a pleasant climate, surrounded by hills on all sides, making it an ideal place to live, with access to all facilities, including schools, colleges, hospitals, and tourism. Coimbatore is also witnessing rapid developments in the electronics and manufacturing industries, which are generating a plethora of job opportunities. All these combined make Coimbatore the best place to buy land in South India.
These are a few of the best places to invest in real estate in South India. If you are looking to buy land, consider buying in the cities mentioned in this article. You are sure to see good returns on your investment.
Conclusion
If you are looking to invest in land in South Indian cities like Chennai, Hyderabad, Bengaluru, Coimbatore, Trichy, Hosur, Ballari, and more, get in touch with G Square! We are South India’s largest and Tamil Nadu’s no. 1 real estate developer with 10 years of experience in the field of land development. Get in touch with us here for more information.
