International consultancy firm ANAROCK has published one report on wednesday. According to this report, Mumbai metropolitan region, Bengaluru and Pune are the best cities for making investment in property. There is probability that the prices of property in these cities will increase in 5-7 years.
In the year 2020, the property market of these cities were very active. These cities have given 67% share in the property selling out of top 7 cities. Near about 1.38 lakh houses involved in this 67% share. While 60% share ( near about 1.28 lakh houses) of these cities have remained in the all new launched projects.
Mumbai metropolitan region is one of the most expensive real estate sectors in the country. The prices of property in this city are going on at low rates. So, number of buyers are increasing for the purpose of investment and also for the end use of property.
The report said that the rates of property in these cities remained in limits since last 7-8 years.
Prashant thakur (director and head-research ANAROCK property consultants) said that the stock market prices are at their peak and the prices of property have bottomed out. Developers are making offers and discounts which decreases the acquisition cost of property.
There are fluctuations remained in the stock market. Therefore, investors consider property as a safest way for making investment.
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