In the revised list of top 14 real estate destinations in India, Bengaluru has reached the number one rank leaving Mumbai and NCR behind. The study was conducted by the real estate data and analytics platform PropEquity and is based on several parameters including supply, demands, completion delays, inventory overhang, market size, etc.
After checking the top real estate markets on the above parameters, Bengaluru has been witnessed as the top market. Mumbai ranked first on the same parameters five years ago which has now slipped down to 8th position. The real estate market of Gurgaon is on the 10th position due to several negative factors such as construction delays and the high cost of residential and commercial properties. The 11th, 12th, 13th and 14th positions are occupied by Noida, Ghaziabad, Greater Noida and Faridabad respectively. [Read more...]