March 24, 2022
Mr. Rakesh Reddy, Director , Construction Week Online
In the last two decades, the Real Estate Market in South India has grown enormously. As a result of multinational IT businesses establishing offices in excellent locations within these cities, Hyderabad, Bengaluru and Chennai have gained importance as real estate destinations.
Despite the pandemic, due to extensive vaccination and an accommodating monetary policy, South India’s Real Estate Market has maintained its growth trajectory. Low-interest rates, resurgent economic activity and a growing desire to possess physical assets with great price appreciation potential during times of uncertainty are all contributing to rising demand.
“The most preferred residential hotspots in South India are Hyderabad, Bengaluru, Chennai, Kochi and Coimbatore. All of these locations are characterised by well-developed social and commercial infrastructure and affordability when compared to other metros across India.
These cities have proven to be the best for the following reasons:
– Hyderabad has demonstrated unrivalled resilience in the face of economic downturns.
– Bengaluru is a world-renowned cosmopolitan metropolis with the highest concentration of IT/ITeS firms.
– Over the last few years, Chennai and its commercial corridors have experienced rapid economic growth.
– Kochi is one of South India’s top Tier-2 real estate markets, because of its strong economy, rising housing demand, good connectivity, leading IT parks, and low cost of living.
– Coimbatore is a leading Tier-2 city that has seen sustained growth in the IT and manufacturing industries.
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