South Indian cities such as Bangalore, Hyderabad, and Chennai have emerged as one of the best-performing real estate markets in the country. While the majority of the other areas across the country reported downward pressure on prices and a reduction in supply, the cities towards the South continued to resist the recessionary pressures and reported price appreciation, albeit moderate, year-on-year. The reasons behind the same can be attributed to limited new launches across the region, focus on completing delayed projects, availability of land parcels at reasonable prices, high retail growth, increased demand from Non-Resident Indians (NRIs) and the development of social infrastructure over several years. Moreover, the availability of excellent healthcare facilities, trained staff, and pleasant climate have made South India one of the most vibrant senior living hubs in India. Those who wish to invest in a safe place for the elderly, in the times of COVID-19 scare, can consider South India, as nearly 65 percent of the overall senior citizen projects are located in this region. Continue reading →