Bengaluru

Growth drivers

• Metro connectivity:

• Road connectivity:

• Ever-growing IT sector:

• Nationally renowned institutes

Hyderabad

Growth drivers

• Road connectivity:

• Upcoming metro:

• Emerging IT sector:

Chennai

Growth drivers:

• Outer Ring Road 2:

• Chennai Metro Project:

• 6-lane Vandalur Flyover:

Pune

Growth drivers:

• Metro rail:

• Upcoming international airport:

Ahmedabad

Growth drivers:

• BRTS:

• Metro rail project:

• Bullet train project:

India’s real estate market is interesting. Market dynamics work differently for small and big cities. Buying property in one of the big cities, such as Delhi and Mumbai, burns a hole in one’s pocket. If you wish to live in such a large city, then you should look at the prospects of these cities.Magicbricks has framed a list of five big cities where you can get property that suits your budget.Bengaluru, the capital of Karnataka, is an established city as far as real estate development is concerned. With a stable growth pattern, the city has seen a rise of close to 3 per cent in demand for properties, in the last three months. The city has the maximum supply of properties ranging from Rs 2,500-5,000 per sq ft for low-budget buyers and Rs 15,200-17,000 per sq ft for those with higher budgets. It is also witnessing demand across all property types.The Phase 1 of the metro network is already complete. Work on the second phase has also started and is likely to be completed in a couple of yearsConnected through more than 3,000-km roads network, the Outer Ring Road (ORR) connects the city to all major highways around the city. These include Tumkur Road & Hosur Road, connecting National Highway 4, Bannerghatta Road and Mysore Road among others. Ballapur Road connects Yelahanka Satellite Town, Dasarakalli and other important places in the cityThe heart of the country’s tech hub, many multi-national companies are thronging to the city and setting up their offices heresuch as IIM-B, Indian Institute of Science, National Law School of India and Christ University are a part of the cityThe most affordable city among the tier-1 cities of India, Hyderabad, is the most price-conscious city of the country. The most developed localities of the city such as Manikonda, Kukatpally and Miyapur offer properties starting from Rs 1,400-3,000 per sq ft. The highest price of property in these areas ranges from Rs 3,500-5,500 per sq ft. Miyapur and Chandanagar are the closest emerging residential affordable locations from the IT hotspots of Hitec City and Gachibowli. The development of ITIR along the ORR will push urban infrastructure and help develop peripheral areas as well.The upcoming 158-km, eight-lane, Outer Ring Road (ORR) connected with the Inner Ring Road and the upcoming Regional Ring Road will address the connectivity issues of the northwest region. PV Narasimha Rao Flyover, the longest in the country at 11.6 km, will connect Hyderabad International Airport with MehdipatnamMetro in the city is still under construction and is expected to be completed within two yearsMajor IT hubs such as Hitec City, Gachibowli, Kondapur and Madhapur are situated here which are fuelling residential demand in the vicinity. The upcoming metro at Shilparamam (8-km) will give a fillip to connectivity in the area near the Hitec CityTamil Nadu’s capital Chennai is a part of the Tier-1 list of smart cities. A beautiful city with a blend of modern lifestyle and traditional customs, it has seen over 5 per cent growth in the last three months. Investing in a property here would not have much effect on a buyer’s pocket. One can easily find properties within Rs 3,000-5,000 per sq ft in areas such as Madipakkam and Porur. Properties ranging from Rs 18,000-29,000 per sq ft can be found in localities such as Mylapore, Nungambakkam, Alvarpet and RA Puram, among others.Phase II of the Outer Ring Road (ORR), a six-lane 30.5 km road from Nemilicheri on NH-205 to Minjur on the Tiruvottiyur-Ponneri-Panchetty Road via Padiyanallur on NH-5, will be completed at a cost of Rs 1,075 crore by this year. A bridge, a pedestrian underpass, a vehicular underpass and an interchange station will also come up on the stretchOf the 45-km planned first phase of the Metro, 28-km is already operational. The state government is waiting for the Centre’s clearance on the 107-km, second phase of the Metro Rail project. This phase will have three lines linking the northern suburbs to those in the southThe Vandalur Flyover being built at the junction of Grand Southern Trunk (GST) Road and Vandalur-Kelambakkam Road, is expected to be completed by April 2018. It will help in decongesting traffic by segregating local traffic and the traffic coming from the southern districts. This flyover would be a major relief for daily commuters and would also help in increasing the residential prospects of the nearby areasPune has also made it to the Smart City list issued by the government. This city is witnessing growth in the real estate due to an accelerated growth in the automobile and IT sectors. Owing to its proximity to Mumbai and favourable weather conditions, Pune offers properties starting from Rs 2,200-3,500 per sq ft in the affordable segment to Rs 14,500-20,000 per sq ft in the premium segment.The Maharashtra Metro Rail Corporation has announced that its ambitious Rs 11,400 crore Pune Metro project will be operational by 2021The upcoming new international airport at Purandar Taluka will take at least five more years to be built and become operationalAhmedabad, Gujarat’s largest business and trading hub, has an oversupply of properties in the city. The city is recommended for end-users. One can easily find a property ranging between Rs 2,700-4,000 per sq ft in Mahadeonagar and Kale Padal, while if you look at the premium segment, the price ranges between Rs 7,000-9,000 per sq ft.Ahmedabad is well connected by the Bus Rapid Transit System (BRTS)The city is expected to get the first phase of its metro by the end of 2020Work on the much awaited Mumbai-Ahmedabad bullet train will begin in 2018 and is expected to be completed by 2023