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Why Is the Demand for Residential Projects Increasing in Tier II Indian Cities?

Construction sites of residential projects are a common sight in the Indian cities today. But, recently in metropolitan cities there has been reduced sale of high-end luxurious houses. This is because of a state of uncertainty of the Indian economy and the realty sector. Dampening of global market as a result of the recent economic flux and trend of over-pricing has made people hesitant to buy homes and realtors can sense a rather prolonged state of vacillation.

To counter this downward spiral of buying behavior, realty developers have pioneered the concept of affordable housing. While they develop premium residential properties, they also introduce affordable homes for those with unlimited dreams and limited budget.

Because of the fluctuation in economy, people are also looking for alternative locations to buy housing property. Tier II cities like Chandigarh, Bhopal, Indore, Nagpur, Pune, Ahmedabad, Surat, Vadodara etc. are witnessing spur development.

Whether it is projects in Bhopal or Indore or western India’s Vadodara residential projects, real estate developers are offering amenities galore and convenience of modern lifestyle.

Vadodara welcomes you

Vadodara is one of the popular and desired locations among tier II category of cities in India. From flats in Vadodara, commercial complexes to universities, this city is witnessing development at greater speed owing to the influx of industries from different sectors. Eminent industries from sectors such as retail, banking, IT and manufacturing have reached Vadodara to expand their business horizons. The vast industrial presence has attracted youth to this city. And, the influx of human population has resulted in the growing demand of 1 and 2 BHK flats in Vadodara.

The working class families and job aspirants now prefer to buy their own home instead of staying in rented houses in the city. This creates a demand for flats in Vadodara. Another prime reason for home-buyers to choose Vadodara residential projects is low price. Price of properties like 2 BHK flats in Vadodara or designer duplexes is quite less compared to metro cities like Mumbai, Delhi, Kolkata or Chennai.

These affordable housing projects not only cost less, but they also offer comfortable lifestyle and leisure amenities. Vadodara residential projects have mushroomed in suburbs of the city like Manjalpur, Waghodia and Atladra. Most upcoming 2 BHK flats in Vadodara are located in blossoming locations with quality construction and easy approachability to industrial, educational and medical centers of the city.

Features of flats in Vadodara like attractive amenities, lower price and fine construction quality have not only attracted working and middle class population, but NRIs around the world especially from the US, UK and Australia have shown great interest for investment. It’s an ideal time for NRIs to invest as falling of rupee in comparison to dollar provides excellent return on investments. And, most NRIs would agree that there is nothing like owning a home in one’s home country.

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