While the pandemic triggered a crash in the real estate market, this sector is now showing definite signs of recovery. The sense of uncertainty that was looming heavily over the housing market across the country is now beginning to subside. Supportive measures taken by the government has resulted in greatly strengthening the confidence of real estate developers and buyers alike.
The pandemic brought the realization of the need to own your own home to a large part of the populace. Many of these individuals are now steadily moving towards putting their dreams to fruition by investing in residential real estate. This is nowhere more evident that in the real estate markets of South India which are seeing extremely rapid growth.
Growth has been exponential, with Bangalore and Hyderabad being the only cities that have registered a steady yearly price increment. The South has seen several new developmental projects being launched with timely delivery, making this an extremely dependable housing market. Every major player in the sector is viewing South India favourably and is planning and developing projects in this region.
South Indian cities have been long had stable and thriving economies, one of the major drivers of real estate here. The IT/ITeS sector is firmly established in South Indian cities and the start-up culture is taking a firm foothold here. This has generated an abundance of new job opportunities in the southern region, another driver of residential real estate growth.
Extremely well developed physical and social infrastructure have also contributed to the real estate growth of the South Indian cities. These cities are also well connected to the rest of the country and the world via rail, air, and roads. The high technology quotient of South Indian cities is pivotal in making these cities lead the residential real estate market.
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