Over the last two decades, real estate sector of India has seen tremendous development. Apart from the highly developed metro cities, the suburbs have now become keys of India’s realty growth. Locations that were not even taken notice of a few years back, have now become primary destinations for property investment. So what is driving the country’s real estate market to the suburbs? Why do these off-radar cities now rank on the top of investors’ priority lists?
The main reason behind it is the unbalance between demand and supply of real estate in metro cities. Everyone wants to shift to the cities that offer innumerable growth opportunities. In search for a better lifestyle, thousands of people migrate to metro cities like Delhi, Mumbai, Bangalore and Chennai. The burgeoning population has put pressure on the city’s’ property market. The best residential locations of the cities have already been occupied and the new home-buyers will have to choose from the few locations left in the city, also at a higher price. [Read more…]