BrixResearch Moderator says: Real estate values in big cities stands at dizzying heights, making it difficult for most to buy property there. Sample this: plot rates for central Delhi are 80000-500000 Rs/sq yard presently. While property rates for plots in Chandigarh (central region) are 15000 Rs/sq yard.
Big cities are mostly chocked with development, with very little scope for expansion. Hence the focus has now shifted to smaller cities where ample space is available for expansion and the infrastructure resources cost low.
Given a choice, where would you like to invest:
- Any upcoming small/suburban town, where land and infrastructure resources are cheap
- Big city where real estate rates are high and rentals returns can fetch good profits
Share your responses in the comments section.
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I think investing in suburban location is a good option as the prices are quite affordable there in comparison to city centre and is linked also with main city
ReplyDeleteYes.. true.. but main city areas are more connected and has well laid-out infrastructure facilities. I think people kind of feel more secure living in the heart of city.
ReplyDeleteI feel it depends solely on the motive of the investor. If a individual or an orgaisation is investing to make a short term investment and fetch quick profits and has a big budget for the same then he/they should go for the city areas. Whereas if he/they is/are looking for a long term investment and have a small budget then he/they should go for the suburban areas and invest precautiously in the areas the development is projected upon.
ReplyDeletewell, I am from panchkula, city adjacent to chandigarh and there is no such price rate of plots like 15000 per sq yards...I would love to have one plot at his rate ...lol..false reportin
ReplyDeletewell, i think that we should invest in small towns as it is cheap nd pollution free.......
ReplyDeletefor a calm n peaceful life,ppl shud opt for small cities...no doubt property in small cities is affordable and in case you have small budgets,go for life in hill stations.
ReplyDeletea benefit in having house in big cities is that u can have rental apartments which will fetch you high profit returns... so if u seek speedy profits go for metroes. really beneficial for small scale investors
ReplyDelete