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South Indian metros more potential than the north says ASSOCHAM

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It is south Indian metros the next hottest realty investment destinations, revealed the reports at the www.propertykhazana.com. Major South Indian metros namely Bangalore, Chennai and Hyderabad are in the race obtaining heavy realty investments then compared to the north and central Indian cities and if the revealed information at the www.propertykhazana.com is considered then, in the last couple of years, the private sector has poured around Rs. 33,000 crores in 3 south Indian metro cities, and private sector has paved equal importance for the Tier 1 cities where the investments crossed Rs. 14,500 crores. ASSOCHAM said that, the 3 major south Indian metros received over 70% of total investment from the private sector in the country.
In a verbal communication with the www.propertykhazana.com ASSOCHAM President said that, the raising literacy rate in south cities attracted more investments. Despite, the realty recession all over, cities like Bangalore, Chennai and Hyderabad never lagged back in attracting private and global investors and it is said by the source at the www.propertykhazana.com that almost 12 major realty ventures were announced in all the three south Indian metro cities in the past 6 months. Here, the realty potential of the city is to be appreciated and taken this into consideration, the private sector and the global investors are dare enough to park their investments in India, particularly in southern capitals. Out of 12 ventures, Silicon City Bangalore was successful in obtaining 6 projects, Chennai with 5 projects and Hyderabad with a single venture respectively. Apart from the above said the south capital cities are also eyed by the international brands like Toshiba and Elango industries, which are keen to pour in Rs. 1450 crores for initiating two power plant projects in Chennai. For more updates browse www.propertykhazana.com.
Source: NBTVLIVE

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