Buying a second home will include a lot of decision factors like its connectivity, affordability, and a lot of other things. Depending on these factors, we have provided the list of the top 5 places in India which will be ideal for your investment in a second home.
Top 5 Places For Your Second Home
Most people prefers to invest in a second home for residential or commercial purpose. The economic growth of India is changing rapidly which is reflected in many places of the country. Hence, it is better to buy a second home for a better ROI in future.
The top 5 places in India for your second home are provided in the following:
Bangalore
Bangalore is known as the Silicon Valley of India. Bangalore is also creating some of the best neighborhoods for housing. Covered with the best social developments and best weather throughout the year.
Many top developers in India have created residential hubs in Bangalore for providing a high-quality lifestyle to people.
Places like Indira Nagar, Rajaji Nagar, Frazer Town, etc. provide the best connectivity to the city.
Improved infrastructure and the growing IT & Software sector in Bangalore have introduced many other employment developments.
It is likely that the employees working in those employment hubs would buy their second home and settle down in Bangalore.
You will get two benefits when you invest your money in buying a second home in Bangalore which is a high return on money invested, and a rapid increase in the property value.
Hyderabad
Hyderabad is often referred to as the ‘Cyberabad’ of India as it is one of the biggest IT hubs in India.
The seamless connectivity through easy communication and availability of high-end social amenities have increased the demand for residential apartments.
Developers have created the best residential hubs with the best facilities and amenities for a high-quality lifestyle.
Places like Kondapur, Miyapur, Dilsukhnagar, etc in Hyderabad provide the best environment for living a luxurious life at an affordable rate.
This city offers the best experience of staying between the serenity of nature and the hustle of a busy lifestyle.
You may make significant returns on your investment by purchasing a home in this city. Hence, you can think about investing in this location if you’re considering purchasing a second house in India.
Whitefield and Hoskote are two such places which offer a great view along with connectivity to social amenities and employment hubs.
Many job seekers come to this city to become financially independent, hence you can also get a great rental value of your house.
Noida
There are several factors, that make Noida the ideal city to invest in real estate. Due to the high return on investment, Noida is a popular place for real estate investors to invest. To receive a great return on your investment, put your money in Noida.
Places like Sector 44, 47, 55, 56, etc are some of the best posh areas which are near to the employment hubs and also provide easy connectivity to the nearest social infrastructures.
The proximity of Noida to Delhi the capital of India increases its potential as a city for second home investment. Delhi has a large population.
The NCR region is where newcomers who move to Delhi for work prefer to stay and settle down.
Apart from the great ROI and the employment opportunities, this city also offers the best connectivity to the social amenities like DLF mall of India, Apollo Hospitals, etc.
Pune
Pune is known as the smartest city in India because of its emerging IT sectors and planned housing societies.
Due to its amazing weather throughout the year and the elegant view, it is preferred by people to invest their money in buying an apartment there.
Few the places like Kothrud, Viman Nagar, Hinjewadi, etc provide seamless connectivity to the best social infrastructures like hospitals, malls, educational institutes.
The cost of living in Pune is also affordable compared with other metro cities.
Thus, both employees and students are in great numbers. Every year, a large number of people travel to Pune from various states.
You can make a lot of money by purchasing a house in Pune to rent out. You can quickly recover your investment, and it could end up being a fantastic passive income source for you.
Navi Mumbai is the economic capital of India. Navi Mumbai has great connectivity with Mumbai.
Navi Mumbai is also famous for its beautiful view and enormous employment opportunities. It is a well-planned city which provides a balanced lifestyle, strong growth, and an ideal condition for living.
These features of Navi Mumbai can be experienced in the residential places like Panvel, Kharghar, Ulwe, etc
Due to the ample employment opportunities, thousands of people go to Mumbai & Navi Mumbai in search of work and further education every year.
You can avail of affordable and spacious apartments in Navi Mumbai which you can use to buy your second home.
FAQs
| Q1: Which city in India provides the best quality of life to the people?
Ans: Many cities in India provide the best quality of life such as Bengaluru. This city has almost all the parameters to satisfy the high quality of living. |
| Q2: Which is the safest city to live in India?
Ans: Kolkata was ranked as the safest city to live in India because it has the least cognisable offences per lakh of its population. |
| Q3: Which are the top 5 places to buy a second home in India?
Ans: Top 5 best places to buy a second home in India are Bangalore, Hyderabad, Noida, and Pune, Navi Mumbai. |
| Q4: Which factors of a city decide the investment of a second home?
Ans: The factors like easy connectivity, social infrastructure, better transportation, etc matter when taking the decision to invest in a second home. |
| Q5: Which are the best areas to live in Hyderabad?
Ans: The best areas to live in Hyderabad are Kondapur, Uppal, Miyapur, Dilsukhnagar, etc. |
