Assetz India - Introductions to the 10 most important cities

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Situated on the banks of River Sabarmati, Ahmedabad is known for Mahatma Gandhi's non-violent Satyagraha, which led to India's Independence. Also known as ‘The Manchester of East’, it is one of the liveliest cities of India.

The city has many historical monuments of archeological importance, the city celebrates festivals through the year. The night long folk dance parties during Navratra’s are quite fascinating and colourful.

Ahmedabad is also known for its world class education institutes and research centre, proudly housing the Naional Institute of Design & Indian Institute of Technology.

Leaving behind its past, the city is developing into a leading industrial centre and is now the economic capital of Gujarat. Ahmedabad is renowned for its pharmaceutical industry. Several of India’s largest companies are based in the city (including Zydus Cadil, Torent, Adani Group and Nirma Group)

The city is rapidly growing in real estate, retail and financial services. The city benefits from an International airport (currently being expanded). One area to look out for is the road connecting Ahmedabad and Ghandinagar where many large companies are opening up offices.

One of the most cosmopolitan cities in India, Baroda owes its splendour, educational institutions, architectural masterwork and its economic development to its late ruler, Sayaji Rao Gaekwad III.

The culture of the city is dynamic, ever changing and alive. The title of ‘Sanskari Nagari’, meaning a ‘Cultured City’, is truly reflected in the social and cultural lives of the people. The people are open to the world and known for their hospitality.

With a ‘knowledge’ township, an IT park and a commercial zone for technology and biotechnology on the plans, Baroda has great potential for investment and growth.

Assetz India Property - The Best in Indian Property. Assetz India is a division of Assetz International specialising in properties for both home buyers and investors. Bangalore Technology

Known as the Indian ‘Silicon Valley’, Bangalore is India’s fifth largest city with a population of over 6 million people, making it approximately the same size as London. Bangalore is the administrative, cultural, commercial and industrial hub of the state of Karnataka. The city has been nicknamed India’s ‘Fashion Capital’, the ‘Garden City’ and even ‘the Pub Cty’ of India.

The climate is very mild in Bangalore, with temperatures ranging from a maximum of 33 degree Celsius to a minimum of 14 degrees Celsius. Kannada is the regional language of the city, but English is widely spoken and understood.

Since the early 1980’s Bangalore has been at the heart of India’s technology boom. Over 250 national & multi-national companies now have offices in the city. Major domestic companies include outsourcing giants Wipro and Infosys. The G-Wiz electric car seen nipping in out of London traffic is also manufactured in Bangalore.

The city has good transport connections and by mid-2008 will benefit from a brand new international airport.

Bangalore’s economic success has facilitated a tremendous rise in the real-estate market over the past couple of years. With an increase in population and skilled manpower the prices of real-estate continues to rise at a fast pace.

Property prices start from as low as £10psf. The average for the city is around £20-30 psf. Prices can be in excess of £50psf in the smarter districts of the City including those around MG (Mahatma Gandhi) Road.

Mysore, Karnataka

Mysore is a city of palaces, museums, exquisite temples and musical gardens. With a warm and cool climate throughout the year, it indeed is a tourist’s paradise. Having inherited all Indian traditions with modernity, the city retains a quaint charm.
Having a number of historical & heritage buildings, like the Mysore Palace, it is also known as the ‘City of Palaces’. It is truly a magnificent, mystifying and mesmerising city. Mysore is also is known the world over for its exotic sandalwood and rich-colourful silks.
Mysore city has been flaunted as an unconventional destination for investments in IT and thus the city is witnessing exceptional growth in real estate with a large number of housing cooperative societies having secured land for development of housing colonies.

Chandigarh is one of the most beautiful cities in India. Designed in the fifties by French architect Le Corbusier, it is India’s first planned city and has beautifully lined trees, roundabouts with lots of parks and gardens. Situated on the foothills of Shivalik hills, it is also known as the ‘City of roses’ and the ‘City Beautiful’. Chandigarh serves as state capital to both Punjab and Haryana.

The people of Chandigarh are very warm and helpful. They are also very modern in their outlook. Festivals and cultural events are celebrated with fun and gaiety throughout the year.

Chandigarh is a preferred location for investment as it has a pollution free environment, an educated society with good schools and collages in the vicinity, good quality of life and low crime rate. These factors have led to the growth of real estate demand in Chandigarh resulting in expansion and the development of upcoming suburbs like Panchkula, Mohali, Zirakhpur & Derabassi.

In terms of per capita income Chandigarh is the richest city in India. With three different Governmental jurisdictions to preside over politics plays a very important part in city life. Dell and numerous other multi-national companies have recently opened offices in Chandigarh’s IT park.

Patiala is a small religious and cultural town in Punjab. Formerly a famous princely state of erstwhile Punjab, it now has an important position as an upcoming industrial town. Besides traditional goods, industries for many sophisticated goods have also been set up here. The people are very traditional and friendly

The Patiala Development Authority has tied up with Omaxe, a big real estate company of North India, to develop an integrated township spread over an area of 336 acres. The township boasts of, Group Housing, Commercial-Shopping malls, Office spaces, Hotels, Bio-Tech Parks and IT Parks. This would bring in tremendous commercial potential to the city.

Ludhiana, a major industrial and educational centre, plays a dominant role in Indian
economy. The city is famous for manufacturing bicycles and its components, hosiery and sewing machines.

A crossroads of many different cultures, the city has ample skilled workforce required for the various industries set up. Ludhiana has a very large export market as well.

The people are very hard working and enterprising, which has led to the prosperity of this region. The farmers of this region are relatively more well off than their counter parts anywhere else in India, thus giving them more disposable income. This in turn has fueled the real estate and retail boom in this region. About a dozen new shopping malls cum entertainment centers are currently under construction.

Situated in southern India, Chennai is the capital of Tamil Nadu and the fourth largest city in India. Rich in its heritage, it is journey into timeless India. From temples and monuments to forts and palaces, the city still retains much of its traditional charm.

Being a sea side town, it enjoys a warm, pleasant climate most year round, getting slightly hotter in the summers. Carrying on the rich British heritage, the city boasts many ancient Churches and Cathedrals.

The city is also a large commercial and industrial centre. The software boom has led to an increase in demand for housing and infrastructure in Chennai. Also, as the town is still very traditional and conservative, there is ample scope and opportunity for growth.

Although residential prices can be over £150psf on Boat Club Road most districts are around £30-60psf. Commercial rates average about £50 psf with Anna Salai (Mount Rd) seeing rates of £82psf.

Delhi, the capital city of India, is one of the biggest metropolitan areas in the world. Sharing its borders with four diverse and important states, it has a mix of people speaking different languages, coming from different religions, backgrounds and life styles.

Being the capital city it also houses more than 160 embassies along with the presence of the vast Indian political system & bureaucracy. Delhi being a conglomerate of different cultures celebrates all the festivals celebrated throughout India, making it joyful & colourful throughout the year.

Delhi is also known for its rich heritage and invasions by various rulers and invaders. Each one has left behind them a unique history. This is depicted by the various monuments spread across the city.

Since liberalization, Delhi has seen tremendous growth, major international retail outlets and eating joints can be seen dotted around the city. Also the opening of FDI had brought tremendous investment opportunity in the NCR region.

Located at the doorstep of Delhi, NOIDA (New Okhla Industrial Development Authority) has just celebrated its 25th birthday. Having emerged as one of the most planned, integrated and modern industrial town, Noida is an integral part of the Industrial landscape of the nation.

NOIDA benefits from smooth and wide roads, impressive residential complexes in a serene and peaceful environment, well developed land, parks and green pastures, the best of educational institutions, clean and safe drinking water, cutting edge telephony and a golf course of international standards. The city is arguably the most sought after suburb of Delhi.

NOIDA has seen a tremendous boom in the real estate industry, with prices doubling over the past 2 years. In June 2009 the metro connection with Delhi is scheduled to be completed and the Commonwealth Games planned in 2010.

The average price for residential real estate in NOIDA is about £35psf to £47psf. Prices in Sector 62 are the highest for the area at around £81psf. The cheapest area is Sector 82 where prices average at £22psf.

Just outside Delhi, Faridabad is the industrial city of the National Capital Region. Situated amidst the beautiful and peaceful surroundings of the Aravali hills, the city has all modern amenities and facilities.
Having a well laid out road network, and over 300 large industries operating in the city, the area has huge potential. It is now emerging as a preferred destination for investors. The Haryana government is showing a lot of interest in the development of the city and has brought out new urban development policies for IT parks, electronic & communication units and other public and private sector industries.
The close proximity of the city to the country’s capital is the most important factor to bring in investors, corporate houses and real estate developers. The skyline of Faridabad has changed drastically over the past decade and rapid infrastructure development can be seen across the city in both commercial & residential sectors.
Residential prices are around £15-20psf. Sectors 1-9 are the cheapest (~£7psf) and sectors 10-20 the more expensive (~£33psf).

Newsweek magazine recently rated Ghaziabad alongside London, Munich and Las Vegas as one of the ten most dynamic cities of the world. Ghaziabad is one of the fastest growing cities in India. Due to its close proximity to Delhi and Noida, the city is emerging as one of the privileged cities for the BPO and ITES industry.

Ghaziabad is fast changing itself into an entertainment and retail centre generating opportunities for more investments. It is an industrial city, with manufactures in diesel engines and railway coaches, glassware and pottery and many other edible and vegetable oil industries.

The upcoming Metro and 13 new flyovers in the city are all fuelling the housing boom in the city. The 2010 Commonwealth Games, to be held in east Delhi, is also boosting development of Ghaziabad. This in turn means that Ghaziabad is great to invest in and a good destination to stay.

Known as the Millennium city of India, Gurgaon offers a world-class standard of living to the corporate executives and multi-national companies. It is the most sought after address for IT Parks, business centres, MNC’s, corporates and Fortune 500 companies. A big factor for the development of this city is its close proximity to Delhi and its International airport.

Apart from corporate, commercial and retail space, the city also offers a wide range of residential properties such as apartments, condominiums, villas, independent floors, penthouses, duplexes and residential plots to cater to everyone’s needs. A number of huge malls showcasing goods from national and international retailers can be seen dotted around the city.

Pioneers of the luxury segment in India, the city has reshaped the Indian realty segment. With the arrival of Metro rail and opening up of the upcoming 8 lane expressway, Gurgaon would be comparable with the best cities of the world.

Residential prices in DLF City are around £50psf. The city average is lower between £30psf and £40psf. Dharuweda is the cheapest part of the area with average prices of £12psf.

Hyderabad, and its twin city Secunderabad, sit on top of the Deccan plateau. Over 6m people live in the area making it the fifth largest metropolis in India.

The city is known for its Pearls and cuisine, Mosques and minarets, ancient civilization and culture, bazaars and bridges and hills and lakes. The city has a rich and varied heritage in arts, crafts & dance.

In recent years Hyderabad has emerged as the IT and biotechnology hub of India. Brand new business parks have been created to house the companies moving into the city including the Genome Valley project and the Nanotechnology park.

Hyderabad is very strategically located with easy access to all parts of India boasting world class infrastructure and internationally renowned educational institutions.

This is leading to the rise in real estate demand in the city. The Capital and rental values both have firmed up substantially The real estate market is also booming because of Andhra Pradesh's proactive approach and investment-friendly policy measures.

Average prices for the city are around £15psf to £21psf. The most expensive properties are found in Jubilee Hills and Banjara Hills where prices are around £37psf. Commercial property costs around £30psf to £40psf.

Having an endless coastline, and perfect tropical climate, Goa is truly a tourists paradise. Still having many unexplored beaches and spots, it is aptly known as ‘Pearl of the Orient’.

One can enjoy an exotic cuisine of fish and prawns, or adventure in the water with various water sports facilities like water scooters or water gliding, or just relax on the beach with a glass of feni and beer, and finally just dance away into the night with a bonfire on the beach.

Goa is also the land of artists and craftsmen offering a wide variety of crafts ranging from terracotta pottery and figures to impressive brass lamps and dazzling jewellery designs to beautiful paintings and decorative items. The Goans have a warm, friendly nature and a peaceful and laid back attitude.

Rated as one of India’s best states to live in, it is one of the safest places in India with no urban hassles, traffic or pollution, which all help make Goa an ideal place to own a holiday home.

Jaipur is named after its founder Sawai Jai Singh II. It is one of the most important heritage cities in India and is also a part of the Golden Triangle of Delhi-Agra-Jaipur. Also the capital city of Rajasthan, it is universally famous as ‘Pink city’ – with beautiful palaces, forts and lakes.

Jaipur is a centre for both modern and traditional industry. Major exports include marble sculptures, brass and lacquer work, precious & semi-precious gem stones and jewellery, enamel work, marble & granite tiles, handloom, printed and dyed cloth and textiles, readymade garments with mirror work, woolen and silk carpets and rugs.
Jaipur is considered to be one of India’s best planned cities. It has become a prominent real estate investment destination especially for marwaris settled in and outside India.

It is the largest and most developed city in the proximity of the NCR and is demonstrating tremendous IT and industrial development, with many BPO operations setting their base there, leading to a 5-7% growth in the realty graph over the past one year.

Surrounded by Aravali Ranges, forests and lakes, Udaipur is truly a breathtaking city. Wake up to the joyful chirping of colorful birds, lurch into the art and culture of centuries, or just stroll through the time worn corridors of a heritage building.

Also known as the ‘City of Lakes’, Udaipur boasts of magnificent heritage palaces, beautiful lakes, ancient temples, and manicured gardens. It is truly an inspirational city for writers, painters and poets. One can still walk along narrow lanes strewn with stalls, carrying the stories of heroic past, epitomising bravery and chivalry.

The exquisite Lake Palace of Udaipur, shimmers like a jewel on Lake Pichola. Even by India’s high standards Udaipur is a spectacular blend of sights, sounds and experiences.

Also known as the Queen of Arabian sea, Kochi is a collection of islands and narrow peninsulas.

Known for its tea and cashew kernels; spices and coconuts it is just the place to take your shoes off and relax in the sun. The warm tropical climate is ideal for every season. For a vacationer Kochi offers beautiful old palaces and forts, beaches, serene backwaters and beautiful lagoons, snake boat races, Kathakali and other traditional dances, old churches and Museums.

As the commercial capital of Kerala, Kochi has grown significantly over the past decade, bringing in skilled manpower and people from all over the country. Although it hasn’t industrialised as quickly as Bangalore, Chennai and other South India cities, Kochi and Kerala are now witnessing an influx of IT and ITES companies. This in-turn had led to an increase in demand for homes and organized living.

Calcutta, the capital city of West Bengal, is one of the most charming cities in India. Here the language, architecture and even the street names are very British. It’s a city for patrons of art, music, cinema, literature & theatre.

Calcutta has been the home to many great personalities like Rabinder Nath Tagore, Satyajit Ray and Mother Teresa. The people of Calcutta are very warm and helpful and are known for having a ‘sweet tooth’, in fact some of the best sweet dishes can be found here. The city is also known for its colourful festivals.

With Wipro & Tata opening up their operations in Calcutta, the property demand has started showing an upward trend. A lot of developers are now offering more organized and modern living.

Residential prices average £23psf to £35psf. The more expensive Park Street area has an average of £55psf. Commercial property costs between £20psf (Sodepur) and £65psf (Camac).

Popularly known as the city of Nawabs & Kebabs, Lucknow is famous for beautiful gardens, chicken work embroidery, and culinary delights. The people are known for their sophistication & courtesy, cultural richness and an inclination towards poetry & the famous qawwalis & ghazals.

The thinking of the city is very old and traditional, dating back to the Mughals and this is evidently visible in the language and mannerism of the people.

Lucknow is the capital of Uttar Pradesh, the largest state in India, and thus is the hub of political and beaurocratic vision and action. Significantly lower than other places, the real estate in the city is rising at a steady pace, thus emerging as a major investment option for big corporate houses and MNC’s.

Mumbai, the most populous city in the world is the commercial, financial and entertainment capital of India, housing most large business houses, the stock exchange and Bollywood, the centre of Hindi movie industry with its studios and production houses.

The people of Mumbai lead a very fast paced life, working hard by day and partying all night. The city is a mix of various cultures and communities as it attracts people from all over the country because of the tremendous business opportunities the city presents. Mumbai has a very futuristic lifestyle as it is the point of arrival for most international tourists to India.

Even though the property market has always been at high in Mumbai, growth in disposable incomes and easy availability of loans have further escalated prices.

In Cuffe Parade residential property prices average £188. The average for the city is nearer to £100psf.

Pune (pronounced Poona), is known as the cultural capital of Maharashtra, and is one of the most lively and vibrant places in the country. People from various regions and religions reside over here, so the city has a mix of culture.

Having been the home to Rajneesh’s ashram, the city has a many national and international tourists and companies. Pune is also known for its year round pleasant climate.

Over the past few years several educational institutions and esteemed colleges have been setup in the city, bringing a new youthful vitality to the city. Pune is also very significant for the automobile sector and is also home to many IT and software companies. Thanks to all this, the real estate market in Pune is booming, with the young and educated population wanting homes to match their lifestyle.

Prices in Pune have risen fast in the past year. The city average is now around £30 psf with up-market Boat Club road seeing prices of over £52psf.