Indian real estate has become a lot more prominent post the liberalisation of the economy. The enhancement of business opportunities and labour migration resulted in a sudden spurt in the demand of housing and commercial properties. With the growth of Indian economy, the real estate and construction business is playing a pivotal role in the overall development of our infrastructure. The growth of the real estate sector is directly linked to all the other sectors like IT, ITES, hospitality, entertainment etc. Similarly, the growth and development of all the other sectors is also dependant on the development of real estate and construction sectors and they need proper infrastructure to set up and expand their businesses.
With the middle class becoming more ambitious, owing to the increase in the net disposable income, the American dream has set its roots in an average urban dweller in India as well. People have started investing in properties as it is a lucrative long term investment and of course an asset of a life time. This is leading to a paradigm shift of sorts in what was once a high net-worth individuals and big businesses dominated sector. Many new players have forayed into the sector. Consequently, there is tough competition and at present, the real estate
industry’s dynamics are based on consumers’ expectations of higher quality in line with the global economy.
Investment in the real estate sector in smaller but upcoming cities has become rather lucrative.
With the prices of properties sky high in the big cities like Delhi, Mumbai, Bangalore, Hyderabad etc, consumers are treading into newer cities where the prices are a lot more reasonable, hence being a potentially better investment prospect. Besides the investment part of it, these cities offer a more reasonable cost of living as well. With the increasing terror threats to the big cities, people have started looking out for the smaller cities which offer peace of mind coupled with world class living standards. Cities like Vizag have come into prominence. With ample business and employment opportunites, Vizag offers a peaceful living to its residents with its natural scenic beauty.
Visakhapatnam or Vizag, located in the state of Andhra Pradesh, is among the premier most seaport cities in India. The city of Vizag is a natural harbor and has the biggest shipping yard in the country. Over the last few years, it has seen setting up of various large scale industries because of the easy access to the sea. Vizag is well connected to all parts of the country through railways, air, roadways and sea. Ever growing industrialization and easy accessibility to basic amenities has immensely contributed to number of migrants in the city. As a result of the immigration, the real estate in Visakhapatnam is growing faster than ever. The real estate market in Vizag is a booming one and serves as a wonderful investment option. Properties here are selling at a rapid pace which has caught the attention of many builders who have set up many townships to cater to the ever growing demand of the people.
One among the many residential townships that is being developed in Vizag is by us called the Shriram Panorama Hills. It is the largest integrated township in Vizag. Located in the heart of lush greens, the project offers a wide range of properties from luxury apartments to lifestyle villas. Three of our villa types, namely Daffodils, Orchids and Tulips are already sold out. The township also has a 60,000 sq ft club house, arguably the largest in the city, larger than many apartments. Being a trusted name in the Vizag real estate sector, Shriram Panorama Hills offers easy finance options to its clients from various leading financial institutions.
Worth a look!