Know The Most Expensive Indian Cities To Buy Property

The luxury housing segment attracts everyone including the NRIs, HNIs and even the common man whose wants to purchase a reasonable home. Interestingly, the uber amenities and the beautiful landscape views offered at one place makes the prospects experience a very good quality way of life. But, the bad air quality, vehicular-congestion and clumsy localities are pushing the young millennials to own home in some of the most expensive Indian cities.

Many people amongst us recall names of few metro cities like Delhi, Mumbai and the NCR region that share boundaries with the national capital. But, the change in income and lifestyle has become the reason for the justification for the rise of different other costly Indian urban areas to purchase properties. So, we recommend you read this blog post and figure out the top costliest Indian cities to buy a home.

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   Mumbai

   India’s biggest organizations, biggest business magnates and even the biggest celebrities are, in one way or another, established in Mumbai. The maximum city is home to Aditya Birla Group, Tata Group and, of course, the colossal Reliance Industries. Mumbai also has the headquarters of Reserve Bank of India, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE). Mukesh Ambani, quite obviously, is the richest man in Mumbai.

2. Bengaluru

   This southern city is most popular for its plush residential properties that are being developed and are proposed to stand tall in the coming years. The three costliest regions in Bengaluru to purchase residential properties are the Rajajinagar, Koramangala and Jagjeevan Ram Nagar. All these plush residential areas in Bengaluru are equipped to offer sustainable social infrastructure, qualitative educational establishments, healthcare facilities, banks, shopping arcades and security.

3. Chennai

   This is one more costly Indian city to purchase residential properties and the main factors behind the same are the presence of various multinational companies [MNCs], migrant professionals and high-income generation by the experts. Chennai being another IT hub in south India has various well-developed infrastructural facilities, tourist destinations, shopping malls, educational institutions, hospitals and more. The top expensive residential destinations in Chennai are Nungambakkam, Egmore and Anna Nagar.

4. Pune

   Pune has developed over its personality of being the social capital of Maharashtra and has involved as an IT hub. The city is witnessing expansion and thus the areas like Koregaon Park, Kalyani, Sopan Baugh have turned into the most costly regions in Pune to purchase residential properties. These localities in Pune offer premium residential properties from Rs. 7,000 per sqft to Rs. 13,000 per sqft.

5. Hyderabad

   This is the third southern city of India that offers real estate investment under the luxury housing segment. The city is widely popular as the IT hub and is a host to a reputed educational institution like NIFT, five-star hotels such as Sheraton, Lemon Tree and more. The city of nawabs has three prominent and expensive residential localities that are Madhapur, Hitech City and Gachibowli. Another reason for the upward movement of properties prices in Chennai is the partially operational metro service that has bought down vehicular congestion in comparison to the earlier times of blocked roads.