The economic system of India and the federal government are working arduous to make properties and housing out there to every and everybody within the nation. As per the annual finances of 2016, the development completion deadline for getting tax breaks underneath Part 24 has been prolonged from three to five years and the FM has additionally introduced an extra tax advantage of Rs 50,000 underneath Part 80EE for getting a home on mortgage. This has made new homebuyers and people who wish to spend money on property, together with actual property builders very completely satisfied, as a result of this makes this the perfect time to spend money on the true property market. The federal government can also be a giving a push to good cities. These are deliberate city cities which can combine data and communication expertise (ICT) and Web of issues (IoT) expertise in a safe vogue, which can make them essentially the most tech savvy and simple locations to dwell in. The federal government has sanctioned quite a few good cities in its 2016 Price range and so they might quickly turn out to be essentially the most premium residential properties in India. So when you’re marvel which metropolis you need to put your cash in allow us to provide the finest choices. Pune: Pune is the brand new IT hub of Maharashtra. With ample employment alternatives, good housing and academic establishments, it’s THE place to be proper now. Its proximity to Mumbai is one other driving issue that pulls folks to town. Residential property in Mumbai can value you a bomb, however the identical property in Pune right now is quiet inexpensive. Ahmedabad: Its one in every of India’s largest enterprise and buying and selling hubs. You’ll find fairly good offers on properties in East, South and North of Ahmedabad proper now. Indore: This metropolis within the centre of the nation boasts of each an IIM and an IIT. It is without doubt one of the quickest growing metropolis within the state of Madhya Pradesh. The Tremendous Hall is an upcoming space in Indore which has IT industries like TCS and Infosys. Apart from this, BRTS, Main Street (MR) 12, the Delhi-Mumbai Industrial Hall are additionally the points of interest of this metropolis. These are a number of the finest locations to spend money on Indore. Visakhapatnam: This metropolis in Andhra Pradesh home the most important harbour in India. Within the final 5 years, Visakhapatnam has additionally drawn the eye of actual property traders, who’ve choices of investing in a number of residential places. Bhubaneshwar & Cuttack: These twin cities within the Japanese area of the nation boast of a rising IT sector and nice instructional hubs. Since a lot of the land in these cities in authorities owned the true property market right here is nicely regulated.