Real estate is one area where most Indians take an active interest in. However, most of us suffer from lack of proper knowledge pertaining to the best places to invest our hard earned money. There are some places which are havens for real estate investment across major Indian cities. Here are the top places for real estate investments across major Indian cities!
NCR-Delhi Region
Property consultants usually favor the NCR-Delhi region a lot and this has been even more pronounced with the infrastructural development of the area including New Gurgaon, the Dwarka Expressway and the Noida Extension. This area offers a huge incentive for buyers and investors. According to real estate consultancy, DTZ India, the market has gradually been shifting towards end-users owing to the lower prices and corrections as compared to the investor driven demand earlier. There are many residential projects coming up right along the Dwarka Expressway which is progressing at a steady pace. This will be an expressway of eight lanes which will link Delhi and Gurgaon. Many new projects here are slated to be ready by next year and will primarily be for middle and high income groups.
The Dwarka Expressway is a great place for real estate investments owing to its proximity to the capital and the international airport in tandem as compared to the Yamuna Expressway, Bhiwadi and Noida-Greater Noida Expressways. The northern region is closer to Dwarka while the southern part is way closer to Gurgaon. The northern region, i.e. the Sectors 109-113, 103 and 106 will obviously be more in demand owing to their closeness to Dwarka and the airport as well. The prices in this region will increase by approximately 25-30 percent according to Knight Frank over a period of five years and returns on investments will be 16 percent annually on an average.
Noida Extension is another good area for investments and the area spans Sector 1, 2, 16C, 4, 16D, 16B and the Greater Noida Knowledge Park V. It is in close proximity to Noida, being only ten kilometers away from the Noida City Center and is only 18 kilometers away from the prime commercial area Connaught Place. There is a proposed link via metro rail which might happen here, thereby making the area even more attractive for investors. This is the best location in NCR if one is seeking affordable housing. Yearly growth should be in the range of 15-20 percent throughout five years. Annual returns should be about 16 percent annually according to Knight Frank.
Greater Noida is another favorable investment location. There are varied options lying between INR 3, 000 per square foot and INR 15, 000 per square foot. Returns are usually in the range of 18-30 percent and the residential real estate scenario here looks promising to say the least! Greater Noida is around forty kilometers away from New Delhi’s southeastern part and is steadily coming to the fore as a hub for education and industry. Noida can be accessed via a six lane highway which has been operational right from the year 2002 and there are many prominent companies who are present in Greater Noida. It takes a maximum of twenty minutes to reach Greater Noida from Noida and it is also connected to Agra through Mathura, courtesy the Yamuna Expressway. The metro railways will also connect Greater Noida with New Delhi, Noida and Ghaziabad as well. High end and mid range residential projects should be the real deal in this area and things are expected to brighten up in quick time. Prices may increase by around twenty percent annually in this region according to leading property consultants.
Mumbai and Associated Areas
Maximum city possesses a thriving real estate market even today. Prices have not risen as much as expected and the suburbs in eastern Mumbai should be attractive investment destinations with regard to viable returns as compared to areas in West and Central Mumbai. The emerging Ulwe area is a top investment spot if you go by connectivity and other attractions. This is situated just south of the Panvel creek and the Uran Road connects it with the Thane Belapur Road. The Jawaharlal Nehru Port can also be accessed via the JNPT Road. Belapur is only seven kilometers away and is a commercial hub. There are other office locations which are situated within twenty two kilometers. The Seawood-Uran-Nerul rail network should be ready and Ulwe will have access to prominent office areas through a mass rapid transport network.
The prevailing INR 4, 000 per square foot here is quite attractive now and this is slated to increase by almost twenty percent every year as per industry reports. Chembur is also a hot investment destination owing to its proximity to major office areas and also the Bandra-Kurla complex. Residential properties in this area will witness major demand as well. There will be more discounts offered by developers in this area as well. Alongside, the monorail linking Wadala, Jacob and Chembur will be coming up along with the Santacruz to Chembur link road and the Eastern Freeway. These projects will definitely improve overall connectivity of the place and prices should be rising by 18 percent annually which is quite profitable by all means. Wadala is another top bet owing to its connectivity via the Eastern Expressway.
It also has a good train network and the monorail project will be a big boon in this area as well. Annual returns should be in the range of 18 percent over a period of five years here.
Bangalore
The Information Technology hub has been at the forefront of development and new projects have been launched in particular areas that look quite promising for investors. Hebbal is a rising destination owing to the international airport and the technology parks located here. There are many prominent companies in this location. This area is slated to witness huge demand and prices should be increasing on an annual basis. KR Puram is another area which is perfect as a residential destination. Connectivity will improve vastly owing to the Peripheral Ring Road and metro and highway connectivity also makes this place a great investment location.
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