A Brief Case Study on the Real Estate Scenarios in Major Metro Areas in India
We all need to invest in the future. Millennials often ignore the habit of savings and investing in different instruments. If you are a beginner investor, the stock market investment can be risky. But there are many avenues for investments like:
- Secured Funds
- Real Estate
Investing in real estate is a long-term investment and you must do your due diligence and thorough research. Let’s look at the real-estate scenario in the major metro cities in India:
North Indian Region- Delhi
Delhi NCR comprises of Delhi, Gurgaon and Noida area. Gurgaon and Noida house a majority of the Special Economic Zones. The SEZ in Noida is in Sector 81, Noida. It houses multiple IT and Tech companies. Facilities include convenience stores, food courts, ATMs, etc. Explore companies that offer state-of-the-art amenities, like Candor TechSpace, great commercial office space in Gurgaon. Situated in the bustling Sohna Road area of Gurgaon, major companies in this SEZ are Aricent, AON, Cognizant, Colt, Evalueserve, and Genpact. Prime facilities include convenience stores, banks, ATMs, baby care centers, food courts, and restaurants. It has a car parking facility for 6190 cars. DLF Cybercity is also an IT hub where the offices of major tech companies in India are built. Located across four areas in Gurgaon, WeWork is a great place that leases and rents modern office space to entrepreneurs and self-employed people. Fully furnished office space comes at a steeper price.
In case of an unfurnished office on lease in Gurgaon, you can furnish it with rented furnishings and customize it accordingly.
Western Bengal Region
With the recent proposition of ‘Silicon Valley Asia’ in New Town, Kolkata, developers are in search of land for this iconic commercial hub. IT giants like Infosys and Wipro have already booked 50 acres of land in this hub. There are many tech companies housed in the Rajarhat area near Kolkata. It is economical to rent office space in Kolkata IT Park. The approval of 5 SEZs has been canceled in the state. However, CandorTech has successfully developed a fully operational IT/ITES zone in New Town, Rajarhat, Kolkata. It has 3.04 million sq. feet of office area complete with amenities like food courts, convenience stores, fitness centers, ATMs, and banks. It also has a banquet and swimming pool.
Maharashtra Region– Mumbai
Office spaces are comparatively economical in the Navi Mumbai area compared to other major cities like Bengaluru, Pune, Gurgaon. As per real-estate experts, Mumbai is the next big destination for IT hubs. Located in Babavpada, the SEZ in Mumbai is still under construction. The industrial units in this SEZ will be operational in 2019. Office space for rent is quite affordable across Mumbai locations.
Southern India- Bangalore
Bangalore is often referred to as the Silicon Valley of India with thousands of IT companies, tech companies, and start-ups. The Electronic city has a major concentration of tech companies in the city. Whitefield and Koramangala also have many IT companies and start-ups. Bangalore Aerospace SEZ is a fully functional SEZ located in Bangalore. It houses over 56 medium to large-cap companies. Devanahalli Business park has multiple tech companies. Similarly, Bial IT Investment Region (ITIR) has over 55 multinational companies like Wipro, Infosys, TCS, and Cognizant.
It is advisable to do your own research before investing in any of these SEZ areas.