Top 12 Places To Buy A New House In India in 2024

12 Best Places to Buy a House in India

1. Mumbai

Buying property in Mumbai is a good idea for several reasons. Known for its vibrant culture and professional opportunities, Mumbai offers a lifestyle close to everything you need. Further, property values here have consistently risen, promising future rewards. 

Not only that, but the city boasts diverse communities, from the serene Thane to bustling South Mumbai. Lastly, continuous infrastructure improvements, like road and metro expansions have enhanced commute. 

2. Delhi

As the nation’s capital, Delhi offers unmatched opportunities for education, culture, and career growth. The real estate market here is resilient, with property values steadily rising and promising great future returns.  From suburbs like Dwarka to the lively streets of South Delhi, there’s a neighbourhood for everyone. With continuous infrastructure improvements and a strong sense of community, owning a home in Delhi means more than just a place to live—it’s a smart investment in your future.

3. Chennai

The coastal city of Chennai offers a vibrant lifestyle and rich cultural heritage, blending traditional charm with modern amenities. Chennai’s real estate market is stable, ensuring long-term growth and financial stability. 

Further, with diverse neighbourhoods to fit any budget, from serene OMR to bustling Adyar and ongoing infrastructure improvements, Chennai provides an inviting, community-focused living experience.

4. Kochi

Investing in Kochi property in 2024 is smart, as the market is booming, promising future returns. 

Whether you prefer the serene suburbs of Tripunithura or the lively city life of Ernakulam, Kochi has it all. With excellent infrastructure, top-notch amenities, and a lively cultural scene, Kochi offers a blend of beauty, convenience, and opportunity.

5. Hyderabad

Known as ‘India’s second Silicon Valley,’ Hyderabad offers abundant opportunities in the IT sector, promising numerous job prospects and career growth. The city’s real estate market is promising, ensuring great investment returns. 

With a low cost of living, excellent infrastructure, and a blend of modern amenities and rich cultural heritage, Hyderabad provides a vibrant lifestyle. 

6. Pune

Pune offers a perfect blend of educational and professional opportunities, along with a high standard of living. The real estate market here is strong, making it a great investment with property values steadily rising. 

You’ll find diverse communities to suit all tastes and budgets, from peaceful suburbs like Kothrud and Wakad to bustling city life in Baner and Hinjewadi. 

Remember to check for the occupancy certificate and project compliance before making your purchase.

7. Kolkata

With Kolkata’s real estate market on the rise, investing in property now promises substantial future rewards. Further, you can choose from diverse living options, ranging from the quiet suburbs of New Town to the lively streets of Salt Lake. Not only that, but Kolkata’s excellent transportation system makes commuting a breeze. 

8. Ahmedabad

Ahmedabad is a rapidly growing city, perfect for those looking to start a business, advance their careers, or raise a family. The expanding real estate market makes it an excellent time to invest, with property values steadily rising. 

The city offers diverse neighbourhoods to suit various budgets and lifestyles, from the peaceful Thaltej to vibrant Vastrapur. With excellent infrastructure, modern amenities, delicious cuisine, vibrant festivals, and rich cultural heritage, Ahmedabad promises a fulfilling lifestyle and a sound investment. 

9. Navi Mumbai

Navi Mumbai offers an impressive economic landscape and numerous professional opportunities, whether you’re starting a business or climbing the corporate ladder. With the real estate market on the rise, investing now could mean great returns later. Consider investing in localities like Khargha Panvel, Nerul, and Vashi, as these can surely help you find what you’re looking for. 

10. Nagpur

The vibrant city of Nagpur offers promising economic opportunities and steady growth, making it a smart choice for young entrepreneurs and families. Its diverse neighbourhoods offer something for everyone with varying budgets and tastes. With solid infrastructure, excellent connectivity, and a rich cultural heritage, Nagpur promises not just a home but a future full of potential and enjoyment.

11. Bangalore

Bangalore, also known as the ‘Silicon Valley of India,’ boasts a booming IT sector and a vibrant entrepreneurial spirit, making it an ideal spot for career growth and business ventures. 

Property values have consistently risen, promising strong long-term returns as well. With diverse neighbourhoods catering to various lifestyles, from Indiranagar to Whitefield, you’re sure to find your perfect residential address. 

12. Noida

Noida is an excellent choice for property investment, boasting a blend of modern infrastructure and strategic location. With its rapid development, excellent connectivity to Delhi, and vibrant business environment, Noida is becoming a hotspot for residential and commercial properties. 

The city offers a range of options, from luxury apartments to affordable housing, making it attractive to diverse buyers. Further, the promise of future growth and infrastructure projects makes it a wise investment for long-term gains.

Real Estate Returns in India

Real estate returns in the last 10 years in India have been, on average, 10.6% per year on residential properties and 9.5% per year on commercial real estate. Based on the House Price Index of the Reserve Bank of India (RBI), real estate in Lucknow has given returns of 16.1% per year, while in Jaipur, it has given returns of 6.1% per year.

Real estate returns in the last 20 years in India saw a massive 52% increase in the 2000-2009 decade. Investing in real estate in India has always seemed like a safe option for investors. However, investors must be mindful that real estate returns depend on the location and that in some areas, the growth is more exponential than in others. Therefore, they must explore such places to make strategic investments for the best real estate returns in India.

Additional Read: Home Loan in Hyderabad

Conclusion:

These are some of the best places to invest in a property in India this year Buying a home is a significant investment. One should always consider various factors before closing a deal on a new home. Tata Capital makes millions of dreams come true with attractive rates on home loans and a seamless application process. Get in touch with a representative and understand the best options for you to fund your dream home today.

FAQs on Best Places to Buy House

Which is the best place in India to buy a house?

While the best place to buy a house in India depends on your unique preferences, budget, and needs, the top cities include Mumbai, Delhi, Chennai and Kochi.

Where to buy property in India?

The best place to buy property in India depends on your personal preferences and needs. Be sure to analyse your options thoroughly before making a purchase.

Which city in India is real estate booming?

Real estate is booming in many Indian cities, such as Mumbai, Delhi, Kochi, Chennai, Hyderabad, Pune, Kolkata, Ahmedabad, Nagpur, Navi Mumbai, Noida, and Bangalore.

Where to buy house in India?

The best place to buy a house in India depends on your preferences and needs. Be sure to analyse your options thoroughly before making a purchase.