Rapid urbanization in India was first seen in the metro cities of Mumbai, Delhi, Chennai and Kolkota. These cities were normally termed as A-grade cities.
Real Estate Investment in India , especially by the leading internationally known realtors was mainly concentrated in these A-grade cities mainly due to the rapid appreciation of real estate values over a very short period.
Much demand for high quality built up office and business spaces still exists in these space-starved metros. However due to the arrival of the multinational companies, Bangalore and Hyderabad are also now emerging as metros. Recently, numerous B-grade cities have also started to imitate the real estate trends seen in the metros. Some of the so-called B-grade cities that are now witnessing a phenomenal boom in real estate are Pune, Surat, Ahmedabad, Amritsar, Chandigarh, Ludhiana and Meerut.
Nationally and internationally known realtors are now buying landed properties of huge size varying from 3000 to 5000 acres to set up huge residential and other industrial townships. The prominent realtors are fueling the present boom in real estate and the people living in the vicinity of these mega projects are greatly benefiting from the rise in land values within such a short period of time.
Even though the returning expatriates are the main investors in real estate, the leading entrepreneurs and other successful businessmen also own apartment complexes in all the metros and other emerging cities. The amenities being offered in the world-class apartments are simply astounding. Well-equipped gymnasiums, swimming pools, tennis courts and even golf courses are part of the mega apartment complexes. A recent trend is being seen in building apartments with a touch of local art and architecture.
