Top 8 Residential Investment Hotspots in India
12 Aug 2016
Real estate is one of the safest options for investment. Despite the oftentimes weak economy, the real estate sector in India is continuing to attract investors. According to a recent report by global real estate consultancy Knight Frank, Mumbai, Pune, Chennai, Bangalore and Delhi-NCR have emerged as the top 5 Indian cities for investment in residential sector.
We bring you 8 destinations in India that are lucrative for real estate investment:-
Ulwe: An investor’s hub, Ulwe is one of the fastest developing destinations in Navi Mumbai. It’s set to witness an appreciation rate of 70% in the next four years. The reasons for the appreciation are the proposed International Airport in Navi Mumbai, the upcoming Seawood-Uran suburban rail network, development of SEZs and the rising employment opportunities in Navi Mumbai and Thane.
Madh-Marve: Madh-Marve emerges as another lucrative investment destination in Mumbai, with an estimated price appreciation of 94% by 2020. The upcoming Versova-Madh Sea Bridge and planned Coastal Road are some of the key drivers.
Majiwada-Kasarvadavali: Majiwada-Kasarvadavali is set to witness a price appreciation of 59% by 2020. Some of the growth drivers are employment opportunities in Thane and Navi Mumbai and the upcoming Kasarvadavali – Wadala metro rail.
Panathur-Varthur: Panathur-Varthur in Bengaluru emerges as the top residential destination, expecting a price appreciation of 61% by 2020. It enjoys proximity to two major employment hubs in the city - Whitefield and the ORR stretch. Moreover, the upcoming metro rail connectivity at Kundanhalli and access to the Peripheral Ring Road will add sheen to it as a prime destination with investment potential.
Baner-Sus Road: The reasons for the increasing residential demand in Baner-Sus Road are its proximity to the highway, employment opportunities, a throbbing social infrastructure and proximity to the Balewadi stadium. The locality will witness a price appreciation of 40% in the next four years. If you are looking for 2 & 3 BHK flats for sale in Baner Sus Road, Pune, then Ganga Acropolis by Goel Ganga Developments can be a good option.
Vishrantwadi: Vishrantwadi is expected to see a price appreciation of 56% by 2020. It is currently priced at 6,200 per sq.ft. and is expected to touch an average sq.ft. price of 9,600 by 2020.* Access to the employment hubs of Yerwada, Airport Road, Kalyani Nagar and Viman Nagar, an upcoming BRT system and planned metro rail are giving impetus to the growth in the area.
New Gurgaon: Another prolific investment destination, New Gurgaon is set to witness a price appreciation of 47% by the end of the decade due to factors such as seamless connectivity to well established commercial corridors such as DLF Cyber City, Golf Course Extension and Sohna Road.
Guindy-Alandur: Guindy-Alandur in Chennai is one of the most attractive investment destinations in India. It is expected to offer a 45% price appreciation by 2020. Some of the key drivers that are giving impetus to its growth are seamless connectivity to the airport, North Chennai and South Chennai.