There was time when tourists came to India; they traveled all across to see the village life in the country. Decades of independence later the number of metros that exist in the country have increased. It is now said that by the end of this century nearly 305 million Indians will be living in cities and satellite towns.
The four big metros Mumbai, New Delhi, Chennai and Kolkatta are densely populated. The population has spread to small towns like Pune, Jaipur, Cochin, Chandigarh, Ahmedabad, Bangalore and Hyderabad. Of these the last two cities have grown in stature, economics and social status. With the increasing population real estate activity in most of these cities have registered a whooping increase.
The property demand is increasing the supply. What’s more residential property today is just not four walls or basic amenities. Today individual houses and small storey houses have been replaced by housing societies, condos, and self-contained townships.
A residential property is a much sought after asset especially in prime localities. Having a roof over the head also means luxuries like club house, gym facilities, parks, playground for children, enough car parking space, security, 24 hours water supply, cable TV connection, annual maintenance or property management. In high-end societies the premium is on double-parking, enhanced security systems, alarm systems, speed elevators and cleaning services. ...Read more