Pondicherry, a former french colony, is a union territory of India situated in the southern part of India. The city is best accessible by road from Chennai, Bangalore and Kerala. Fishery is an important occupation of Pondicherry as the coastline of this city extends to a total length of about 45 km. The union territory has evidenced high degree of urbanization over the last few years, however, majority of people are dependent on agriculture activities.
The scope for real estate developments is increasing in Pondicherry as it is fast becoming as a popular tourist destination. Some of the other attractions of the city are Varadarajaperumal Temple, The Pondicherry Museum, The Botanical Garden, Manakula Vinayagar Temple and others. Beside this, Anglo-French textile mills is becoming the major attraction for distinct industries.
At Indian Real Estate Agency, you can get detailed and comprehensive information about the prevalent property trends in the union territory. The property trend prevalent in Pondicherry reflects that majority of individuals are interested in the ancestral properties. Predominately, people prefer to settle in this union territory after their retirement.
It has been long observed that the traditional and famous architecture of the city is also attracting majority of tourists in the union territory. Thereby, it is widely becoming one of the popular tourist destination for people at large, both from Indian cities and abroad. Further, this is attracting major builders and real estate developers for development of distinct hotels and resorts.
Pune – indiana trust
With real estate prices increasing, the consumer price index in Pune has increased from 467 points to 504 points during July 2005-2006. This is the highest increase amongst seven cities including Delhi, Mumbai, Hyderabad, Bangalore, Ahmedabad, Chennai and Kolkata.
However, infrastructure development has started to gain pace with the frenetic residential and commercial development. There are hundreds of township project coming up in the city. Pune is a hub for higher education and a significant development is seen in the expansion of educational infrastructure.
The Pune Municipal Corporation is moving slowly on its Integrated Road Development Project but private investors and developers are trying hard to bank upon the opportunity. As a result, the property prices are touching sky.
Property by city Ranchi – indiana trust
Ranchi is the capital city of newly formed state of Jharkhand. This city enjoys the status of ‘mineral feeder’ for several Indian industries. The livelihood of the people largely depends on mineral extraction and agriculture. The type of occupation does not reflect a high living standard of the people but contrary to this fact, Ranchi has developed as a favorite destination for buying residential, commercial and industrial property. The infrastructure, climate, facilities, communication facilities, education and job opportunities are some of the reasons behind positive real estate trends.
The city known for its pleasant climate has many tourist attractions like hills, waterfalls, temples and parks. The concept of hospitality as an industry has been recently recognized. Now, the time has arrived for rapid development, hence, an ideal opportunity for people to buy and sell real estate.
If somebody wants to purchase a residential or a commercial property in Ranchi, he/she either has to invest hard earned money or has to borrow it from banks/financial institutions or relatives and friends. This is mainly because the property rates have gone high while the income of the people has remained unchanged. The various aspects that need to be considered before buying any property are suitable price, selection of good builder, locality, amenities, legal documents, ratio of super built-up area and carpet area of the property, etc.
Real estate boom in Ranchi has left middle class worried. But on the positive side, the city is undergoing exceptional development. The commercial value of the city is rising and several national and global investors are taking interest in Ranchi. An increase in the property price is normal that will ultimately upgrade the lifestyle of the people.
The real estate boom in the Jharkhand capital has enabled the middle class dream of owning some better accommodation in the city. Educational institutions are expanding their infrastructure and new players are coming into the scenario. There is a demand for plots in the key areas for new educational institutions, regional offices of several companies, shops, malls, cinema halls, etc.
Siliguri – indiana trust
Siliguri is one of the fast developing cities of West Bengal. It is situated at the foot of the Himalayas in the plains. It is often referred to as the “Gateway to North-East India” and this does carry both spiritual and commercial meaning. It is situated in the Darjeeling district and is the commercial hub of North Bengal. Siliguri is located on a higher altitude therefore infrastructural development has been slow till few years back. With the advent of new technologies, the growth of the city has found pace.
The location of this city holds a little more importance than usual. Siliguri is the main commercial city of North Bengal and its strategic location near international and state borders make it a favorite destination for visitors and investors. Spread around the foothills of the eastern Himalayas, the town is an important transportation, trading and educational center.
Siliguri is a fast growing as a major cosmopolitan city as it is the connecting point for Darjeeling, Sikkim, Kalimpong, Nepal and North-Eastern states of India. The city attracts thousands of tourists every year and it is well connected to all major states of India through rail, roads and air. For a rising property trend, the mentioned factors serve as the most significant ones.
People tend to invest in the places that have high growth potential and well-developed infrastructure. Siliguri is a ideal city mainly for residential and commercial property. Besides this, Siliguri is the transit point to neighboring tourist places like Darjeeling, Kalimpong, Gangtok, and North-Eastern States of India. It is also a departure point for neighboring countries like Nepal, Bhutan and Bangladesh. Hence, people who are regular visitor to these places (for personal or business purpose) find Siliguri an ideal place for residential property.