We are Wealth Clinic Team
There are many suitable locations for investment in India, and the major factors to consider for investment are- Real-estate, the upcoming future projects, planning regarding that particular project, ease of doing business, connectivity, developmental projects by the Government, Government policies (Both Union Government and State Government), demography, and many more. Here are the Three main States of India which are extremely Investment Friendly and have a Great future for Investment purposes.
UTTAR PRADESH
Uttar Pradesh also known as the Heartland of India and falls in the Influential location of India’s first two freight corridors, one is The Western Corridor running between Delhi and Mumbai, and the second is The Eastern Corridor running between Ludhiana and Kolkata. These two main corridors connect the parts of Uttar Pradesh with remote parts of India. Uttar Pradesh is the leading producer of many food materials, that is why Uttar Pradesh is also called the food basket of India. Uttar Pradesh contributes more than 8 percent of manufacturing output which makes Uttar Pradesh one of the tops manufacturing locations and destinations of India. The state is also the leading producer and exporter of electronic hardware in India and also emerged as one of the IT/ITeS hubs and service centers of the country. Uttar Pradesh is also the hub for many service sectors such as software development, captive business process outsourcing (BPO), R&D services, and more. Especially the NCR region of NOIDA and NOIDA EXTENTION also known as Greater NOIDA is emerging as the new commercial and residential hub and societies of INDIA.
NOIDA Extension also known as Greater NOIDA is now becoming the most sought and desired destination because of the pollution-free environment and NOIDA’s high standard of living. Many big investors are investing in NOIDA because the price and cost of setting the residential, commercial, and business establishments in this industrial area of NOIDA is almost half the cost in comparison with the capital city.
In the last few years, The state of Uttar Pradesh has emerged with a tremendous environment for entrepreneurship and has been steadily moving towards building an ecosystem for robust startups especially in the region of NCR and NOIDA. To promote more innovation and entrepreneurship in the state U.P had first started its startup policy in 2016 which was later renamed and amended as “IT & Startup Policy 2017”. To promote the spirit of innovation, a business-friendly environment, and the government’s startup policy at the grassroots level the government has done even more revision of its policy. U.P State government has launched many economic schemes such as Yuva Hub, Innovation Hub, and also the largest Incubator in LUCKNOW. Therefore, the State Government has decided to launch the new “Startup Policy 2020” to make it more attractive, holistic, easy, and beneficial for the Youth and Younger Generation of India. The policy is also revised to a broad base coverage for the implementation of the policy for seeking greater collaboration among State government departments, technical, and higher education institutes, etc. One of the main goals of the government for introducing the new “Startup Policy 2020” is to inculcate the importance, virtue, benefits, and culture of entrepreneurship at the school level itself. This will increase the creation of new and young entrepreneurship in the future. The new policy is framed to support the ecosystem of entrepreneurship and holistic startup by creating an environment of Tinkering Labs in Schools, E-Cells in colleges, Incubators in institutions of higher learning, and Centers of Excellence for the promotion of the Research & Development in the areas of emerging technologies, and more.
Lucknow has grown as a new hotbed for promising real estate investment due to the rapid growth in infrastructure, good governance, huge investment, and improved standard of living. Lucknow is the capital of the state with the second-strongest economy in the country and the second-largest city in North India, as well as Lucknow, is a mix of modernity and at the same time has the charm of the old world. Lucknow is now growing fast in terms of development and infrastructure where private companies are making huge investments, thus increasing the demand for real estate properties.
As per recent reports, the demand and inquiries for real estate properties for tier-2 cities have increased, and Lucknow has been one of the top desired cities. Lucknow is also in the top 20 list of the Indian Residential Index (IRIS) which is a monthly index that tracks potential buyers’ activities. Lucknow is brimming with great opportunities and according to the real estate experts, Lucknow is soon going to become an epicenter of realty growth in North India.
KARNATAKA
Karnataka is known as the knowledge center, research center, and innovation center of ASIA and is also home to 400 Fortune 500 companies.
Karnataka is also one of the leading sectors in India’s technology zones, both in terms of exports and investments. Many new emerging opportunities and businesses are growing rapidly in the cities of Karnataka, in the field of food processing, Heavy machinery, textiles, auto, and electronic industries.
Karnataka is a very well-connected region to all major business and residential markets with 2 international airports, 115 state highways, 14 national highways, along a rail network of 3,250km. Karnataka also has a 300km long coastline area with 10 minor ports and one major port in Mangaluru. Karnataka is one of the states, with the priority of ease of doing business and during the F.Y. 2021-22 which is up to the June of 2021, Karnataka was having a 48% share of the total FDI equity inflows. Karnataka also stands 4th in merchandise exports in the national export basket. From 2019 to 2020 Karnataka has a record of 5.2% of India’s total exports which is around $15 billion. Karnataka has the largest Solar Park of India located at Pavagada, with the potential of 2,000MW and 1,400 MW operational. Karnataka also has a power capacity of 28,800MW. Karnataka has the prime connection of The Bengaluru-Mumbai Economic Corridor and Chennai-Bengaluru Industrial Corridor which makes Karnataka a very suitable place for commercial and residential investment.
In recent years the demand for residential and housing properties in Bengaluru has increased significantly from mid and upper-mid income groups due to the better infrastructural development in Bengaluru. In many locations of Bengaluru, Sarjapur is one of the most developing areas and an important micro-market location for big investors. Sarjapur is a prime location with very good connectivity to information technology and IT-enabled services (IT/ITeS) belt on Outer Ring Road at Bellandur. Sarjapur is one of the emerging locations of Bengaluru with increasing demand for preferred residential properties.
HARYANA
Haryana is the largest producer of motorcycles and passenger vehicles in INDIA.
Haryana is INDIA’s one of the largest Hubs for the automobile manufacturing area and an emerging base for the knowledge industry, including IT & ITeS.
Under the category of Landlocked states category Haryana ranks 3rd in Export Preparedness Index 2020. During the Year 2016-17, Haryana’s IT export and electronics was stood at $7.2 billion, which is about 6.2% of the total IT exports and total electronics from INDIA. Gurugram is the business capital of Haryana, which is home to more than 250 of the Fortune 500 companies which makes Gurugram very attractive for investment by big capitalists.
Haryana is located in northern India has four geographical features that are- the Shivalik Hills to the North-East, Semi-Desert Sandy Plain to the South-West, Yamuna-Ghaggar plain forming the largest part, and the Aravalli Range in the South. 2 international airports, 5 civil airports, 26,131km of the road network, 1,703km of Rail network, and 34 national highways (NH) are in Haryana which makes it extremely well-connected location and promising business opportunities for big investors. Haryana has a total installed power capacity of 12,307 MW.
There is rapid growth in commercial realty properties in the NCR region as per the recent reports with the growth of 5% in net absorption of office space during the first quarter of the year 2021 on a quarter-on-quarter basis in which Gurugram has contributed 38% of the total absorption in Delhi-NCR region. Gurugarm is becoming the next winning bet for a huge return in business for intelligent investors on their commercial and residential investments. Gurugram holds great potential and a sensational appetite for futuristic growth with multi mega-projects like the dedicated Freight Corridor and the Delhi-Mumbai Industrial Corridor which are lined up for the increase in the economic growth of Gurugram.
Gurugram is also known for its economic and commercial buzz, which has attracted many diversified players in the sphere of banking, retail, healthcare, hospitality, and education. Gurugram is going to have several businesses districts which are going to set up their operations like Vatika Business Park, Emaar Business Park, DLF Corporate Park, Cyber Hub, and more. Gurugram has witnessed a prolific capital appreciation in the field of SCOs in areas like Sector 29, sector 14, and sector 15 that are ranging between 80% and 150% for the commercial asset class in the past 10 years.
Gurugram is also the emerging sector due to the adjoining Dwarka Expressway, connectivity to all parts of Delhi, and Golf Course Extension Road making it an attractive proposition for investors and their business portfolio. Gurugram has been an uptick in the demand for the housing and commercial asset class because of the increasing and existing residential neighbourhoods with the presence of many Grade-A investors and developers. There are many new launches in the commercial and residential estate in the location adjoining Golf Course Extension Road such as 49, 65, 66, and sectors adjoining Dwarka Expressway such as 89, 99, 102, 103, and 114 of Gurugram. Gurugram has a positive market value and sentiments towards the commercial asset class along with the strong appreciation potential for the emerging micro-market in Gurugram and SCO as the concept is bound to gear for great success for it.
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