The rapid rate of urbanization has initiated an array of challenges in major cities in India. The massively growing population is one of the significant issues faced by metropolitan cities.
Satellite cities are planned cities that are developed to manage and contain urban sprawl. The main aim of these cities is to create a perfect balance between the population and available resources, for an environment-friendly and sustainable development.
There are several cities in India with established satellite towns. In Mumbai, you will find Navi Mumbai, Kalyan/Dombivili, and Vasai/Virar, whereas in Delhi you can look at Ghaziabad, Faridabad, Noida, and Gurgaon.
In Bangalore, you have Yelahanka with considerable promise, while Siruseri and Sriperumbadur in Chennai have proposed as satellite towns. Kolkata has an upcoming satellite town in Rajarhat, apart from Batanagar and Kalyani.
The growth of these areas depends on the quality of infrastructure and the planning implemented over there.
Besides this, the renowned developers like DLF, Earth Infrastructure, and Raheja Developers have been playing a crucial role in creating luxurious residential spaces at prominent locations of these cities.
Take a look at the satellite cities, which has the best investment options:
Gurgaon is one of the most famous satellite towns in India, earlier it began as an extension of Delhi but now enjoys the status of a prime real estate location. Its connectivity to Delhi and being at a prime location such as Sohna, Dwarka expressway, Bhiwadi gives it added advantage and make it favorable for realtors. Some renowned real estate developers like Raheja Group, Shobha Builders, and Godrej properties are creating affordable luxury homes in Gurgaon. It is also known as the most preferred destinations amongst the property buyers, as it offers space and comfort, along with affordability.
Sonipat offers retail, residential and commercial properties at a much better rate, leaving considerable scope for investors to get a high return on investment. This area emerges as one of the favored destinations for realty investment due to the Kundli-Manesar-Palwal (KMP) Expressway. The city has a robust infrastructure and excellent connectivity to the other parts of the state.
New Town, Kolkata
This neighborhood town of Kolkata is an evolving satellite city which offers commercial spaces, entertainment hubs, high-end planned residential projects, central business centers and many more. Some of the residential properties that are coming up in this location are Greenfield Ambition, Tata Avenida and many more.
Navi Mumbai, Thane, Kalyan, Vasai and Palghar
These areas around Mumbai city have witnessed tremendous growth in the real estate sector. It is emerging in the commercial IT/ITeS and residential hubs. Residential projects in these areas offer its inhabitants with all comforts and infrastructure services within the locality.
From being a well-known industrial destination, the city is now becoming a residential hub because of its presence of industries and educational centers and tourism. The city also boasts of a robust rail network and airport, which will benefit its property market. Amravati enjoys connectivity to major cities like Nagpur, Mumbai, Raipur, Pune and many other parts of India.
Yelahanka is a part of the northern suburbs of Bengaluru. As compared to other parts of Bengaluru, the property prices in this sector have remained within a reasonable range. As a satellite city project, it has now turned into one of the most sought-after zones in Bengaluru, not just on the residential zone but also on the commercial sector.
Hope this article helps you to find the best place to invest. Do share your thoughts in the comment sections below.