The Smart City drive of the Indian government, as well as its current budget, makes homebuyers happy who want to find a home for them. The two notable benefits are the extension of the deadline for completing a house to get tax breaks from three to five years.The second major benefit is that the tax benefit for those considering buying properties sale India on loan has been increased with asupplementary deduction of tax for Rs 50,000 under Section 80EE.

Here are 5 smart cities in India where you can consider investing your money in real estate India.

1. Pune

Once Pune is considered a sleeping city, but nowadays, it is considered flourishing in engineering education, IT, and automobile.  These factors have accelerated real estate activity in the city. Moreover, the Mumbai to Pune Expressway has made the city a much sought-after locality for out-of-city investors for their real estate investing. In addition, the good weather throughout the year makes people prefer to buy flats for sale in Pune. The city has a well-connected Metro Rail, Bus Rapid Transit System, and International airport. 

2. Visakhapatnam

Visakhapatnam, which is the biggest city in Andhra Pradeshin terms of population and area, makes people find a home within their budget. This is because the city is an abode to one of the majorharbors in India and it is considered the major commercial center of the state. Having a good infrastructure, the city is home to a quickly developing IT industry. This makes many investors put their money in real estate. The major growth drivers of the city are Visakhapatnam Metro Rail and Chennai-Visakhapatnam Industrial Corridor.

3. Chennai

Chennai, which is the capital city of Tamil Nadu, is one of the five smart Indian cities, ideal and lucrative for real estate investing.Thenorthern part of the city is mostly industrial, while its central part is the most developed area of the city with established residential and commercial markets. The western and the southern part of the city, which were previously largely residential areas, are fast becoming commercial regions, hosting many financial services and IT companies. The growth drivers of the city include Outer Ring Road II, Mass Rapid Transit System, Chennai Metro, and Chennai Monorail.

4. Mumbai

Mumbai, which is the largest city in India in terms of population, is the commercial as well as the financial capital of the country. When you buy house in Mumbai, it will be worth the cost at all times.Nowadays, the Mumbai real estate market always goes high. Therefore, investing in buying a property in the city will definitely give you high returns anytime after the acquisition. Some of the growth drivers of Mumbai are Mumbai-Ahmedabad Bullet Train, Aarey Colony Metro Car Shed, etc.

5. Noida

Noida, which is a city in Uttar Pradesh, is considered the best housing destinationin India. The city bypassed Mumbai as the second-paramount realty destination. It has well-aligned roads with trees on their sides and is considered the greenest city of India with almost 50% green cover. If you are looking to buy a residential property in Noida Extension, it means you are buying in the fastest developing area.

Moreover, you will be happy to know that because of its affordability, good connectivity, and good infrastructure, real estate investing will be the most lucrative option. Therefore, it is better and clevererto invest your well-deserved money in considering buying a property for sale in Noida instead of wasting it in monthly rents.