What's So Trendy about Investment in South India

A REAL ESTATE HOTSPOT THAT EVERYONE IS CRAZY ABOUT IT?

There is very little doubt about the fact that investment in Real Estate has been one of the choices of many investors. In this regard, South India has become one of the top Real Estate hotspot, where people like to put their money.

Before taking this discussion further, let us take a look at rich culture and heritage of this part of the globe. One should know about the essence of the chattels he/she had invested on. Let’s move ahead!

Culture and heritage of South India

The Culture of South India is basically the festival of the everlasting universe through the carnival of the excellence of the body and parenthood. It is exemplified through its dance and music, clothing, architecture and paintings, cuisine, literature, sculptures and more.

South India gloats of having two captivating styles of architecture, the pure Dravida style and the Vesarastyle (likewise called Karnata Dravida style). They can be found in the state of Tamilnadu and Karnataka respectively. The inspiring temple like sculpture of Mahabalipuram, Tanjore, Badami, Aihole, Halebidu, Madurai and the wall painting depictions of Travancore and Lepakshi temples, additionally remain as a demonstration of South Indian culture.

Sculptures wound up one of the most excellent media of South Indian articulation after the human dance. In this medium, it was conceivable to carve the three-dimensional frame in time. Sculptures ended up one of the finest media of South Indian articulation after the human type of move.

Thus, this part of India is having its own unique essence. We can go in much deep on this topic but for now, let’s come back to our prime discussion.

Real Estate in South India

Needless to mention, that Real Estate is the second most employment sector of the country after Agriculture. In the current scenario, this part of the country has emerged as one of the biggest Real Estate Hotspot. As an investor, you will glad to know that South India contributes 22% of India GDP. It also contributes 28% of the employment of the country.

The top metropolitan cities like Bangalore, Hyderabad, Chennai is luring a lot of investors as well as end users. Even tier-2 cities like Trivandrum are emerging as a popular choice.

In South India, both residential and commercial ones are in demand. Several top PAN India builders are having their projects going on this region of the globe. A big boost in this regard is definitely the interest of NRI’s to invest in Indian Real estate. The investment may be for short term or long term.

Why invest in Real Estate in Southern India?

One simple reason for the same is that you will get alluring Return on Investment in coming days. There is also significant demand for rentals and lease, which means your ROI will further boost up. Thus, people are inclined to invest in properties or land making the destination as one of the popular Real Estate Hotspot.

The big reason which is attracting the people to put their hard earned money in this sector is the implementation of two major reforms, which are RERA and GST. With regards to RERA, there has been more transparency in the purchasing and selling of properties. The chances of cheating or so had been significantly reduced by implementation of this law. GST had made the tax structure more simplified. There is only one system of taxation removing all complications which were there.

Best Locations to invest in South India

There are several factors which have to be considered before purchasing a property. This includes your purpose, whether it is for investment or end use. If investment, is it a short term or long term investment? For end users, there are some key factors in consideration, like location, construction age and other such factors.

Whatever, be your reason to buy, South India is the Real Estate Hotspot, will cater all your need. If your purpose is for investment, then you may opt for metropolitan cities like Chennai, Bangalore, Hyderabad and more. The reason for the same being, in these places, the demand for rental is also high, thus giving you more ROI. At the same time, tier-II cities like Trivandrum, Tirupati can’t be ignored.

Although, there are numbers of places in this part of the country, where you can opt for a property as per your choice. Yet, Hyderabad deserves a special mention in this regard as it has become one of the prime Real Estate Hotspot at the moment. This is because of the political stability after state bifurcation. Also, the conurbation is becoming a big IT hub, and also any other industries are eyeing to make their expansion nearby the city.

Summary

There is no second thought on the fact that putting your money in Real Estate is not a bad deal. Depending on your purpose of purchasing, you will get benefits in some way or the other. South India is certainly one of the most developed regions of the country with a diverse culture and heritage.  Thus, if you are thinking to place your hard-earned income in this Real Estate Hotspot, then this is definitely not a bad idea.