In today’s time, India is one place where the real estate sector is flourishing to its best. The real estate market of India is developing at a fast pace. Owing immensely to the technological advancement like the building up of the metro networks, India has become one of the most favorite places among the investors all around the world.

As all the places in India are fast becoming metropolitan, there is not a single nook or corner of the country that does not attract the investors. Investors from India and abroad both are keen to invest on property in India giving an immense boom to the real estate sector.

There are some places in India that have become much famous amongst the group of investors of real estate. These places include Delhi, Chandigarh, Dwarka, Gurgaon, Faridabad, Ghaziabad, Noida, Karnal, Hyderabad, Ludhiana and Haryana.

Since the call center industry has boomed in India, Gurgaon has become the main hub of all the call centers. Moreover, a lot of people are interested in having their own farmhouses to spend their weekends and holidays. As the farmhouses are located slightly far from the dwelling place, i.e. on the outskirts of the city in which you live, places like Haryana, Uttar Pradesh and Bahadurgarh are much sought after.

Many business people and companies, who want to set up their factories or headquarters, also seek places where vast land can be bought or rented on a cheaper price. As Greater Noida, Dwarka and Hisar offer such facilities, these places have become their favorite locations.

There are many real estate developers who have opened the doors of the property investment in India. These developers have added immensely to the potential of real estate in India. Some of the famous developers include Alpha International City, ANSAL, Jaypee Group, Unitech group, BPTP, Parsvnath Developers, DLF, Omaxe and M2K.

The developers like ANSALs are a well known name in the real estate market not only India but also abroad. Like ANSALs, JAYPEE Developers is one of the northern India’s leading developers. Citing another, M2K Developers are also in the development of infrastructure, construction of real estate, cinema halls and multiplexes and the field of biotechnology. M2K cinema halls and multiplexes are most popular amongst their aforesaid projects and these developers provide their clients with international standards of lifestyle which gives them an edge over their other competitors.

Rising prices of Mumbai’s real estate has always made news. This week politician and actor Vinod Khanna bought the country’s most expensive 3-bedroom flat in Mumbai’s Little Gibbs Road on Malabar Hills. This luxurious flat in Il Palazzo cost him Rs 30 crore.

Earlier, in January this year a property analysis had suggested that rental values in Bandra-Kurla complex and capital values for commercial property are highest for Nariman Point. These property hotspots were ranked in the top ten list of global order.

Sample this, capital rates for residential segment in Marine Drive ranges between Rs 12,000-20,000 per sq ft. Even the suburban areas like Jogeshwari, Malad and Borivali command property price of Rs 4,800-6,500 per sq ft for residential segment. This is by far the highest property rate all over India. Property prices in Delhi’s posh areas like Model Town, Jor Bagh range of Rs 8,250 – 11,000 per sq ft.

One major reason for Mumbai’s rising real-estate prices is that the city has acute space crisis. The city is linear in dimensions and tapers towards the sea. Thus, there is hardly any scope of expansion. The city can only stretch its borders in north and north-west, where Mumbai’s extensions like Navi Mumbai have already taken shape. Other cities like Delhi, Bangalore are blessed in this regard since these cities can stretch their borders in all radial directions. Also, Mumbai is the country’s financial capital. Hence all commercial establishments need a foot-hold in Mumbai. Hence, Nariman Point is one of the most expensive commercial locations in the world.

The capital value for posh commercial localities like Nariman Point, Churchgate and Prabha Devi range between Rs 10,000-20,000 per sq ft. In the rest of the city, commercial property commands values between Rs 3,500-5,000 per sq ft. The lease rates for commercial property in Grade A space (like Bandra West, Ballard Estate, Lower Parel) comes between Rs 200-350 per sq ft.

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