India has one of the world’s fastest-rising economies and the biggest democracies in the whole world. To relieve the increasing demand for bigger Indian cities, satellite towns began to develop about a decade ago. These cities are quickly developing into destinations for real estate. Check out the article here we have listed the top Satellite cities in India, which are excellent for investing in.
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Satellite Cities in India
Major cities in India are facing various challenges as a result of rapid urbanization.
One of the important priorities these cities are dealing with is the rapid expansion in population.
Metropolises like Delhi, Mumbai, and Bangalore are bursting to the brim with people as a result of alarmingly high rates of population increase.
Within the boundaries of the city’s available developable territory, city planners have found solutions that achieve a balance between the development of residential areas and the growth of infrastructure which are known as Satellite cities.
Here is a list of Satellite Cities in India.
Mumbai’s surroundings have experienced enormous expansion, with several of these areas becoming established commercial, IT, and residential hubs.
Due to this growth, the city’s boundaries have extended into the MMR (Mumbai Metropolitan Region), which includes Navi Mumbai, Thane, Ambarnath, Kalyan, Palghar etc.
Massive land parcels are being developed and turned into independent townships due to this change.
These townships offer residents the chance to live better lifestyles because they have greater amenities and facilities. All these make Navi Mumbai one of the Top satellite cities in India.
Why is Navi Mumbai a Satellite City in India?
- With the announcement of the upcoming International Airport in Navi Mumbai property rates are started to rise.
- Excellent connectivity options are available from Navi Mumbai to Mumbai, Andheri, and Thane via railway and highways to reduce travel time.
- CIDCO is building about one lakh homes within and near Navi Mumbai as part of the “PMAY: Homes for All by 2022” initiative, giving the city a boost.
- Many Leading Companies have their headquarters in Navi Mumbai.
Property Price in Navi Mumbai
The property price in Navi Mumbai is lesser as compared to Mumbai so investors find it a lucrative investment option as the city is blooming and developing at a fast pace.
Properties in Navi Mumbai are in demand with the rising real estate appreciation.
| Localities | Property Price Per Sq Ft |
| Kharghar | Rs. 8706 |
| Taloja | Rs.5724 |
| Karanjade | Rs.4908 |
| Panvel | Rs.7047 |
| Ghansoli | Rs.8541 |
| Kopar Khairane | Rs.8753 |
| Kamothe | Rs.7521 |
| Vashi | Rs. 8670 |
To Know more about Navi Mumbai’s upcoming development, online tac payment etc, you can visit (https://www.nmmc.gov.in/)
New Town, West Bengal
The Kolkata neighbourhood is developing into a satellite city that includes retail establishments, entertainment centres, luxury planned communities, core business districts, and information technology and business parks.
The New Town, Rajarhat, Barasat area’s residential real estate industry is booming.
It has excellent city connections and offers purchasers a range of affordable housing options. All these factors are turning New Town into fast-developing Satellite cities in India.
Why is New Town a Satellite City in India?
- The location strongly benefits from a comprehensive public transportation network, which includes major thoroughfares and the proposed metro line that extends from Garia via Dum Dum.
- New Town is already rising in popularity and has a valued rental market because of its outstanding planning, green areas, and cutting-edge infrastructure.
- The city has excellent connectivity options to other parts of the city and states and the area is growing resulting in a rise in property rates.
Property Prices in New Town
There are about 200 completed projects that are ready to move into and about 210 projects that are still in the planning stages.
The average property cost in New Town is Rs. 5750 per sq ft.
| Localities | Property Prices Per Sq Ft |
| Baguihati | Rs 3,550 |
| New Garia | Rs 4,200 |
| New Town | Rs 6,050 |
| Rajarhat | Rs 5,300 |
| Garia | Rs 4,550 |
| Salt Lake | Rs 7,250 |
| Ballygunge | Rs 12,750 |
| New Alipore | Rs 7,350 |
Also, you can visit the Official Website for any property-related query, online property tax payment etc.
Devanahalli, Karnataka
Devanahalli is a northeast city in Bangalore as it is expanding with developing infrastructure and increasing population the demand for the residential sector also increasing.
The government has announced these satellite towns which are small, urbanised areas that resemble mini-municipalities and are located close to the principal city, the centre of a metropolis area.
With Devanahalli more than six towns are going to evolve into satellite cities including Doddabellapur, Yelahanka, Kengeri, Whitefield, and Nelamangala.
Why is Devanahalli a Satellite City in India?
- Devanahalli is in proximity to Kempegowda International Airport.
- It has identified the Bangaluru-Devanahalli Rail Corridor
- Townships are developing here with all the amenities and facilities to match urbanization.
Also, check out Best Residential Projects In Bangalore City 2024
Property Price in Devanahalli
It is always profitable to invest in upcoming locations, looking at the developing graph of Devanhalli it is one of the lucrative investment options.
It is a rapidly growing area with a number of significant developments that are set to start and will cause prices to soar.
The average property price at Devanhalli is Rs. 4780 per sq ft.
| Localities | Property Price Per Sq Ft |
| Bommasandra | Rs 4,400 |
| Ramamurthy Nagar | Rs 5,250 |
| Yelahanka | Rs 6,100 |
| Electronic City | Rs 5,200 |
| Whitefield | Rs 7,150 |
| Hebbal | Rs 8,250 |
Also, Read Latest Ready Reckoner Rates In Bangalore 2024
Gurugram, Delhi NCR
Gurugram, which is strategically situated close to Delhi, Rajasthan, and Uttar Pradesh, has developed into a popular business destination thanks to the presence of several MNCs, IT companies, and BPO companies such as Accenture, Google, Microsoft, ITC and more.
As a result, it has paved the way for upscale residential real estate, which includes many skyscrapers.
Gurugram and Noida are both major satellite cities In India from Delhi.
Why is Gurugram a Satellite city in India?
- Due to its great connectivity via the Delhi Metro Line and highways, Gurugram has become a sought-after location for city real estate.
- This is the only city that has succeeded in providing electricity to each and every home.
- Gurugram ranks third in terms of financial and banking hubs and second in terms of information technology hubs in India.
Also, check out the Top 10 Posh Areas In Delhi For Buying Property In 2024
Property Price in Gurugram
Gurugram is one of India’s most expensive real estate markets. Rates in this area are currently at an avg of Rs 5,500 per square foot due to the coronavirus outbreak and price reductions in the housing market.
Additionally, stamp duty rates for properties are gender-specific.
| Localities | Property Price Per sq ft |
| Raj Nagar Extension | Rs 4,000 |
| Noida | Rs 4,100 |
| Sector-57 Gurgaon | Rs 8,100 |
| Gurgaon | Rs 6,150 |
| Vasundhara | Rs 6,100 |
| Vasant Kunj | Rs 13,390 |
Also, check out Latest Property Rates In Delhi 2024
HITEC City, Hyderabad
It is being built as a satellite city mainly to relieve the city’s congestion and because there are sizable government land parcels available for development.
Vikarabad is anticipated to experience similar growth to Hitech City in the years ahead.
The Built-to-suit (BTS) facilities were used in the development of Hitech City, formerly known as L& T Infocity, in order to predominantly serve the IT/ITeS sector.
It is strategically positioned and provides office space for small and medium-sized businesses as well as all IT sector divisions. Hitech City is becoming one of the fast-evolving satellite cities in India.
Why is HITEC City a Satellite City in India?
- Hitec City has proximity to Nehru Outer Ring Road, Old Mumbai-highway, and Rajiv Gandhi International Airport
- There is a functional metro station at HITEC City, which offers fantastic access to outlying parts of Western & Eastern Hyderabad.
- The area’s demand for homes will increase due to the presence of international and domestic businesses, better connectivity, and ongoing office construction.
Also, Read Top 10 Posh Areas In Hyderabad 2024
Property Price in HITEC City
The residential segment has added around 7,500 units in the last five years in Hitech City.
In the next two to three years, the bulk of the inventory, which takes up approximately 31% of the total supply, will be finished.
The average property price in Hitec City goes up to Rs 10,300 per sq ft.
| Localities | Property Price Per Sq Ft |
| Nizampet | Rs 4,150 |
| Chandanagar | Rs 4,550 |
| Miyapur | Rs 4,900 |
| Manikonda | Rs 5,750 |
| Gachibowli | Rs 9,350 |
| HITEC City | Rs 10,300 |
Impact of Satellite Cities in India on Real Estate
The Real estate market growth in and surrounding satellite cities is well attracted by their development.
They offer the majority of the amenities and services that major cities offer in addition to being close by.
The integrated township plan is used to construct satellite cities, giving people easy access to all the infrastructure and amenities found in large cities.
Satellite cities provide a greater role in addition to helping the main metropolis become less congested.
It gives residents who work in the main metropolis a practical way to access affordable housing options.
Additionally, a Satellite city by itself offers its citizens employment prospects, infrastructure features, as well as residential and commercial spaces.
Importance of Satellite Cities in India
Despite giving its citizens a higher standard of living through improved access to roads, power, water, drainage, and other essential facilities, it also enables the growth of the regional economy.
- The development of satellite cities bodes well for the metro area’s surrounding real estate market.
- Residential developments in satellite cities frequently follow the integrated township concept, providing its residents with all conveniences and local infrastructure services.
- Satellite cities offer the majority of the services and advantages that metropolitan areas would provide in addition to being close by.
Also, read Top 10 Fastest Growing Cities In India 2024
FAQs
| What are the main features of a satellite city?
The features of satellite cities include their distance from the centre city, low building density, and great environmental quality. |
| Which are the Top 10 satellite cities in India?
Gurgaon, Noida, Sonipat, Hitec, Navi Mumbai, Thane, New Town, Gandhinagar, Sanand and Pendurthi are top satellite cities in India. |
| Why is Noida called a satellite?
Because it is a Smaller city near a major metropolis that serves as the hub of a metropolitan area. |
| What is a satellite city in India?
In close proximity to Delhi are the satellite cities Noida, Gurgaon, Ghaziabad, and Faridabad. Famous satellite cities of Mumbai include Thane, Dombivli, and Navi Mumbai. Kanchipuram, Sriperumbudur, Mamallapuram, and Tiruvallur are among the significant Chennai satellite cities. |
