Five best place in India to invest in property right now

The economy of India and the government are working hard to make properties and housing available to each and everyone in the country. As per the annual budget of 2016, the construction completion deadline for getting tax breaks under Section 24 has been extended from 3 to 5 years and the FM has also announced an additional tax benefit of Rs 50,000 under Section 80EE for buying a house on loan. This has made new homebuyers and those who want to invest in property, along with real estate developers very happy, because this makes this the best time to invest in the real estate market.

The government is also a giving a push to smart cities. These are planned urban cities which will integrate information and communication technology (ICT) and Internet of things (IoT) technology in a secure fashion, which will make them the most tech savvy and easy places to live in. The government has sanctioned a number of smart cities in its 2016 Budget and they may soon become the most premium residential properties in India. So if you’re wonder which city you should put your money in let us give you the best options.

1. Pune: Pune is the new IT hub of Maharashtra. With ample employment opportunities, good housing and educational institutions, it is THE place to be right now. Its proximity to Mumbai is another driving factor that attracts people to the city. Residential property in Mumbai can cost you a bomb, but the same property in Pune at this time is quiet affordable.

1. Ahmedabad: Its one of India’s largest business and trading hubs. You can find pretty good deals on properties in East, South and North of Ahmedabad right now.
2. Indore: This city in the centre of the country boasts of both an IIM and an IIT. It is one of the fastest developing city in the state of Madhya Pradesh. The Super Corridor is an upcoming area in Indore which has IT industries like TCS and Infosys. Other than this, BRTS, Major Road (MR) 12, the Delhi-Mumbai Industrial Corridor are also the attractions of this city. These are some of the best places to invest in Indore.
3. Visakhapatnam: This city in Andhra Pradesh house the largest harbour in India. In the last 5 years, Visakhapatnam has also drawn the attention of real estate investors, who have options of investing in several residential locations.
4. Bhubaneshwar & Cuttack: These twin cities in the Eastern region of the country boast of a growing IT sector and great educational hubs. Since most of the land in these cities in government owned the real estate market here is well regulated.