If you are looking for the best new investment destinations for residential housing in Maharashtra, then Aurangabad would perhaps be the best option. The city is called the “Cultural Capital of Maharashtra” and is one of the most prominent cities from a historical point of view. Aurangabad is also an industrial city in modern times which has led to the emergence and prominence of the real estate sector here. The demand for residential Aurangabad property has been high and it reached a new zenith in the year 2015. There are a number of reasons attributed to this meteoric rise of property in the city. Among these reasons is the industrial capacity and the tourism popularity of the city and they together have yielded the demand for housing in the city like never before.
What makes Aurangabad stand out in the property market?
The city of Aurangabad was established almost four hundred years ago as a trading hub. It remains so to date. The city was founded and hence named after the Mughal emperor Aurangzeb and is a repository of Mughal legacy and those of the kings who came after the Mughals. As a result, it is a popular tourist destination. The city was a part of the Hyderabad state and it became a part of the Maharashtra state once the Hyderabad state became a part of the Indian republic. Since the sixties, the government has been working towards the industrial development of Aurangabad. It remains one of the most important centers of silk production to date. Traditional art has remained alive and retained industrial standards. Textile development, therefore, is a major contributor to the economy as agricultural output. The city has also got industrial units manufacturing auto parts as well as electrical goods. The IT sector has also found its place here and it is growing fast. Over the past few years, some of the biggest banks have established themselves in Aurangabad and have made it a hub of financial services.
With so many industries already in place and a local economy that has been making news time and again(bulk order of Mercedes for example), Aurangabad had to become an important hub of property development at one point or the other. That opportunity has emerged now and led to the growth of property business like never before.se
The New Year and the growth of the Real Estate
The year 2015 has benefitted the growth of real estate in Aurangabad in two ways. First of all, the positive market sentiments have led to industrial growth which in turn would enable investors to seek new houses and flats in Aurangabad. Secondly, the government has declared a reduction in the lending rates which would not only allow capital investment at reduced costs but also enable end users to find housing loans at lower costs as well. After a lull period, this is the time that builders have been waiting for.
It is for the same reason that property portal housing.com has invested in property-related operations in the city. The portal now extends its full services in the city that would help people find houses for purchase reliably.
In Conclusion
Housing.com relies on data analysis and technology innovation that would help end users search for the properties they seek and want.