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Construction sites of residential projects in Bhopal are a common sight just like in several other Indian cities today. But, recently there has been a reduction in the sale of luxurious villas in Bhopal which has been as a result of a state of uncertainty of the Indian economy and the real estate Bhopal sector. Dampening of global market as a result of the recent economic flux and trend of over-pricing has made people hesitant to buy homes and realtors can sense a rather prolonged state of vacillation. To counter this downward spiral of buying behavior, realty developers have pioneered the concept of affordable residential projects in Bhopal. While they develop premium residential properties, they also introduce affordable homes for those with unlimited dreams and limited budget. Because of the fluctuation in economy, people are also looking for alternative locations to buy properties in Bhopal as well as other Tier II cities such as Chandigarh, Indore, Nagpur, Pune, Ahmedabad, Surat, Vadodara etc. all of which are witnessing spur development. The greatest thing about residential projects in Bhopal is that real estate developers are offering amenities galore and convenience of modern lifestyle. Bhopal is one of the popular and desired locations among tier II category of cities in India. From flats in Bhopal, commercial complexes to universities, this city is witnessing development at greater speed owing to the influx of industries from different sectors. Eminent industries from sectors such as retail, banking, IT and manufacturing have reached Bhopal to expand their business horizons. The vast industrial presence has attracted youth to this city. And, the influx of human population has resulted in the growing demand of 1 and 2 BHK flats in Bhopal. Most working class families and job aspirants now prefer to buy their own properties in Bhopal instead of staying in rented houses in the city; this has created a huge demand for flats in Bhopal. Another prime reason for home-buyers to choose residential projects in Bhopal is the low price. Price of properties in Bhopal like 2 BHK flats in Bhopal or designer duplexes is much lower compared to metro cities like Mumbai, Delhi, Kolkata or Chennai. These affordable residential projects in Bhopal not only cost less, but they also offer comfortable lifestyle and leisure amenities. Most upcoming 2 BHK flats in Bhopal are located in blossoming locations with quality construction and easy approachability to industrial, educational and medical centers of the city. Features of flats in Bhopal like attractive amenities, lower price and fine construction quality have not only attracted working and middle class population, but NRIs around the world especially from the US, UK and Australia have shown great interest for investment. It's an ideal time for NRIs to invest as falling of rupee in comparison to dollar provides excellent return on investments.
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