Greater Noida – India’s Silicon Valley is top realty destination

Influx of IT and ITES companies and professionals and infrastructure projects have made Bengaluru the country’s top real estate destination in the past year. This was revealed in a report released by PropEquity, India’s leading real estate data, research and analytics firm on Thursday, While Bengaluru emerged as the number one destination in most of the parameters evaluated on for studying India’s top real estate destinations, Gurgaon dropped to number 10 position as the North region is marred by project delays, expensive properties and a demand-and-supply mismatch.Not just Bangalore, this latest report by PropEquity puts the Southern region of India at the top as three out of the top four cities are Bangalore (1), Chennai (3) & Hyderabad (4). These cities have topped over 50 per cent of the parameters evaluated in the research.Bangalore has emerged as the best among the top 14 cities in India and has also ranked number 1 on 4 out of the 10 parameters evaluated ( i.e. size of the market, CAGR of absorption and total unsold inventory to yearly absorption ratio).Pune has come a close second and has been solely responsible for helping the western region gain the second spot.However, the NCR region has failed to make its mark on any of the parameters evaluated and has low regional as well as city rankings. via India’s Silicon Valley is top realty destination.

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