Which is the best city to buy a property in India?
Before you buy a property, consider checking the property sales data across major cities in India. This will help you to judge the property demand. From my personal research, I have found the following findings:
- As per the Statista-reports, during 2019, Mumbai had the highest property sale compared to Bangalore, Delhi and Hyderabad. Around 61 thousand residential properties were sold.
- Bangalore bags the second position with around 48 thousand residential buildings being sold.
- Kolkata recorded the minimum residential sales with just 11 thousand housing units.
When it comes to buying a property- it can be an apartment, a plot or an independent house. If you are looking for a low risk property with average returns, then I would suggest you to buy an apartment in Bangalore. Now that you are ready to bear a medium risk, then it’s good to go for buying a plot in a city. This is because; a plot in a city can either bring you good returns in the future or come down to a low resale value depending on the government laws and rules. And if your choice is to buy an independent house, have one in the outskirts of Bangalore and Hyderabad as the appreciation value is high.