Real estate investment opportunities in Pondicherry
With the real estate sector booming all across the state of Tamil Nadu, it is time the prudent and smart investor also started thinking about the prospect of real estate investment in Pondicherry, one of the most loved and pristine tourist destinations across the country.
What with the rising standards of living and deeper pockets of the salaries middle class, many are choosing to settle in places that offer a better quality of life and more leisure, like the pristine town of Pondicherry in Tamil Nadu, rather than the hustling bustling metros. However, the flipside of this growth story is that there are huge investments being made in the smaller town of Tamil Nadu like Puducherry which is making the markets inflated putting many of these real estate investments out of reach of the ordinary home buyer.
But many people ask the question, why should I consider living in a place like Pondicherry (or Puducherry, as it is called)? The answer is quite simple — peace. Pondicherry is a small town with all the basic amenities at a very reachable distance. It is possible for anyone to reach any place within Pondicherry within a few minutes, and cycling is perhaps the most preferred mode of transport over there. This makes everything affordable and very convenient for the residents. There are many small scale industries coming up in the neighbouring areas which makes this an ideal location for the small time entrepreneur who wants to lead a successful yet peaceful life surrounded by the ocean, say property experts at Sulekha properties.
Another great factor why people should think about investing in the Pondicherry town is that the cost of living there is so little that whatever you earn you almost invariable end up saving. With greater investment promise from the government of Tamil Nadu and the centre there has been a sudden boom in the number of small IT companies who are relocating to areas around Pondicherry for starting their businesses at lower costs as compared to the metro towns of Chennai and Coimbatore. This has resulted in increase in infrastructural projects as well with huge swathes of highways being built in places where there was once just grass cover. This has resulted in much greater connectivity of the area. However, green cover is becoming outdated, with lot of land spaces in the Puducherry-Cuddalore area is getting converted to residential plots and colonies.
