If you are interested in investing in the real estate sector, it is advisable to invest in suburbs and satellite towns of large cities that have good connectivity. This is mainly because the prices in the main cities have gone to a much greater heights and the scope for further appreciation is small.
At the same time many new townships are coming up around the established cities like Delhi, Meerut, Chandigarh and Jaipur. These townships are providing good investment opportunities, provided you get a real estate property at an attractive price.
According to a senior consultant the prices in the townships are quoting at about half the price of the prevailing prices in the main city at a distance of five to ten kilometers. This trend has been witnessed in the past three years.
But if the new developments around the city are sold at the prices close to that of the main city, the chances of making money are not high. Such a deal would be profitable for only end users who want to live in the apartments.
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