Reasons for investing in smart cities like Patna, Indore, India

Posted by Anjali Tyagi on January 17th, 2020

It is a very good idea to invest in the property in Indore, Indiaas it is often known as the educational hub of the country. The city is known for IIM and IIT and is the fast developing city of Madhya Pradesh. Indore has a strong auto industry and pharma presence, which also influences its real estate market. Prices in the upcoming areas are very much driven by investor demand and at present in a state of oversupply.
Patna is the capital of Bihar and is very well connected to other parts of Bihar that is why this place is high in demand among property buyers. The economy of Patna is developing very fast. With loads of FMCG companies establishing in Patna, its economy is increasing even faster.

Several well-known developers have come up with the ready to move flats in Patnaespecially in the top localities such as Phulwari Sharif, Bailey Road, Danapur Khagaul Rd, Bihta, Naubatpur, Gola Rd, Digha, Ashiana Road, Khagaul Road, Patliputra Colony, Chirora, Nehru Nagar, Abhimanyu Nagar, New A G Colony, Rajendra Nagar, Mithapur, Rukanpura, Jagdeo Path, Raja Bazar, Boring Road, Kankarbagh, and Khagaul.

Thus, real estate investors are now gaining confidence in Tier-II cities as well. These are becoming a preferred destination for investors searching for cost-effective options that can get them higher rental yield than metro cities where property values are in excess of the rental yield obtained. These emerging cities boast an economical lifestyle, and are also developing markets for luxury and premium retail brands. These cities are already experiencing the mall culture where well-known global brands are setting up shop to serve the prospective audience. This brings them in line with metro cities which were primarily preferred for investment due to the rising employment demand or the urbanized lifestyle. Those investors from small cities who come from emerging markets might find better investment deals in a Tier-II city than in a metro where real estate values are very high but space within is shrinking. 

Anyone who is planning to invest in the property market must take into account some main factors like development projects, connectivity, amenities, growth prospects, and reasonable prices, etc., and Patna, as well as, Indore qualify well on all such factors. The real estate condition of these cities is on a rising trend and the costs for flats and individual houses in these places are still lower in comparison to other big cities thus, the buyers have more scope to earn a good return on investment. To get the best deals for residential properties in cities like Patna and Indore, India you can visit online real estate portals like housing.com.