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India Real Estate In Smaller Towns Gaining Popularity

India Real Estate In Smaller Towns Gaining Popularity
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Nowadays, large real-estate developers are searching for the towns and villages which are showing stability in the price and growth prospects. Keeping in view the future growth of such cities, the developers are diversifying their attention from urban areas to the rural ones.

To judge the situation clearly, a survey report which has been arranged by CRISIL titled as “’Real (i)ty Next: Beyond the Top 10 Cities of India” says that more than 10 smaller apartments in such cities in India are going to be counted in the properties which will be included in the selling list of 2012 and they will provide the profit of more than 180 billion rupees to the investors.

The cities that are included in this report are Bhopal, Bhubaneswar, Indore, Jaipur, Lucknow, Coimbatore, Nagpur, Surat, Visakhapatnam and Vadodara. The report also includes the plan which is going to be applied to these cities in which the expected demand and the outlook price of sixty five submarkets are included as well. It has also been planned that the cities will be supplied by 354 million sq ft of the area for three years.

According to the study and survey report, these smaller areas are showing much more stability rather than the developed areas. The prices are increased by 10-12 percent and it would be better for the investors to invest in smaller areas because these are much more affordable than developed areas. Over the two years, the increase in the price from ten to twelve percent was found which is considered as a biggest achievement.

 

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About James Pattric

James writes for the Residential category (along with Josh Johnson) and also heads up the Resources category.

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