Content Analyst at Investors Clinic
The luxury housing segment attracts everyone including the NRIs, HNIs and even the common man whose desires to buy an affordable home. Interestingly, the uber amenities and the beautiful landscape views offered at one place makes the prospects experience a high-end lifestyle. 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.
Most 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 emergence of various other expensive Indian cities to buy properties. So, we suggest you read this blog post and figure out the top costliest Indian cities to buy a home.
This southern city is best known for its plush residential properties that are being developed and are proposed to stand tall in the coming years. The three costliest localities in Bengaluru to buy 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.
This is another expensive Indian city to buy 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.
Pune has grown above its identity of being the cultural 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 become the most expensive localities in Pune to buy residential properties. These localities in Pune offer premium residential properties from Rs. 7,000 per sqft to Rs. 13,000 per sqft.
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.
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