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Planning to buy a house but confused between Smart Cities and Tier II cities

Q: I want to buy a house but I am confused between Tier II and upcoming smart cities. Please suggest.

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Replies (3)
1
First of all it depends on your budget. If you have the money, you can afford to invest in an upcoming Smart city. Second, it depends on whether it is for your own use or for investment. If it is for your own use, you should consider other aspects such as the purpose of shifting to that particular city...whether it is for pursuing your job, children's education, or for any other special purpose. You should consider if that particular city has the desired requirements you are looking for. You should look for an area that has the required facilities in the vicinity of the place you are planning to buy a house. Of course, the reputation of the builder and the project approvals should be verified and obtained, to be on the safer side.

If you are looking for purchasing a house for investment purposes, again your budget plays a major role. The area you are planning to invest in whether in a Tier II or a proposed Smart city also decides the budget that the area commands. However, you need
Mriganka Sharma


2
If you are buying a house for self-use, check your need and priorities. If you are buying to invest in real estate or buying a second home, check for the locality where you can let out easily or do homework to compare the advantage and disadvantage of investing in Tier II vs smart cities. Thanks
Mangal P


3
If you are looking from investment perspective, then upcoming smart cities evolve as potential options. With government giving special impetus to smart cities, infrastructure in these cities will definitely get a boost, which in turn will positively impact the real estate market of these cities.
Eshaan Tandon


4

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