It has been in the news that tier II cities are flourishing at a never before rate and are becoming greener in terms of real estate investment. This is especially true in case of Ahmedabad and Surat where there is a great opportunity of investment. Surat and Ahmedabad are the two cities which top in the list and are among the 10 most affordable realty markets in India and here the flats are available within the range of Rs. 30 to 50 lakhs. This was revealed by a survey done by the real estate company JLL India. As per the statistics these two cities offer very profitable real estate investment opportunity.
Apart from Ahmedabad and Surat, the other cities that are in the list of the tier II cities with good investment opportunity are Navi Mumbai, Nagpur, Pune, Jaipur, Hyderabad, Kochi, Coimbatore and Ghaziabad.
These cities have a wide spectrum of investment opportunities in the real estate market with relatively low levels of property prices. These properties provide great investment incentives in the future and capital appreciation potential with healthy returns says the Chairman and country head of JLL India.
The latest report of the JLL finds Ahmedabad as a specific model for other such cities of India for organized and a fast paced development. The state is prospering at a fast pace with infrastructural development, bullet trains, GIFT Smart City, supportive, stable and steady government is really something great for Ahmedabad. Apart from this the gas, oil and the energy industries too along with automobile and petrochemical industries are some of the major factors responsible for the fast pace of demand in the city.
The trend watchers opine that the maximum supply of the properties in the affordable range fall in the range of Rs. 30 lakhs to Rs. 50 lakhs. These are mostly along the SG Highway and are in the areas such as Bopal, Gota and Satellite. The change of Surat have been because of the rapidly improving infrastructure which has helped the modernization of Surat to a significant manner. The whole city is flooded with different physical and social infrastructure. Few areas like the Dumas Road are now interspersed with variety of malls, luxury residential apartments and multiplexes.
The experts say that Surat is a comparatively smaller city than Ahmedabad and the excellent road networks within the precincts of the city is an indicator that the city will witness rapid change in real estate and great capital appreciation in the recent future itself.
