Quote:
Originally Posted by dewakar
Which is the best city to invest in real estate in India to make some good money? I am trying to locate and list the areas in India which are good for investment and are coming up as attraction for Indian realtors. Any one with any point of view are welcome to post your preference. Its just perspective that matters  |
Think out of the box.
Mumbai may be worst place in India to invest in real estate as it is already at bubble peak. The financial services which drives mumbai real estate may take years to recover. Even after mumbai's financial services recovers there will be inflation (not the published inflation).
I would go for unglamorous places never covered by English media and have historically been some of the richest places in the country since ancient times.
For example, I would say coastal Andhra Pradesh like Vijayawada (Krishna district), Guntur, East & West Godavari, Nellore districts are best places to invest in India's real estate. Cities in Punjab like Amritser, Bhatinda, Jalandhar are best places to invest in real estate.
During the 16th & 17th century Lahore located in indus valley in Punjab (unfortunately its in Pakistan today) was the richest city in the world.