Despite the uncertain health of economy, real estate sector in India remains to stays at an impressive profitable business. Investors these days do not limit themselves by boundaries rather they think more about the opportunity they seek in every investment they make.
Below are the lists of some hot hubs for investors:
Mumbai: It is one of the most favorable destinations for investment. 14 areas featuring among the top 50 list for investments are Chembur East in Mumbai Central Line, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai, Andheri-Dahisar have posted an increase in their price appreciation. Mumbai has seen stabilization in property prices on account of un-sold inventory and delay in new project approvals. Areas in Thane and Navi Mumbai are finding favor among the investors who want to invest in properties with the promise of high returns.
Chennai: Porur in Chennai West and Pallavaram, and Thoraipakkam in Chennai South are also featured among the top 50 list. Property prices in these region have appreciated between 11-28%. The top investment locality of Chennai is Thoraipakkam which has shown 28% appreciation.
Pune: Areas like Ambegaon, Bibewadi, Chinchwad have been appreciated the most in Pune. These areas have shown an appreciation ranging from 22-26% over a period of one year. Pune has seen a continuous influx of IT companies and the city is emerging as a viable option for investors from Mumbai. This trend is likely to continue for the next few years.
New Delhi: Most of the high growth areas are in the NCR region of Noida, Greater Noida, Ghaziabad and Gurgaon. Prominent areas in the top 50 list include Techzone – 4, Pari Chowk, Noida Expressway in Greater Noida; Sector-46, Sector-120, Sector-110 in Noida; Sector 54 and Sector 73 in Gurgaon. All these have appreciated significantly in the past one year essentially because of infrastructure development, connectivity and lower base price. Rohini in North Delhi is the only locality that is in main city of Delhi and has featured in the top 50 investment list. Areas in Delhi NCR that have given the best returns to the investors are Sector 46 Noida, Sector 54 and 73 in Gurgoan. Property prices in these areas have appreciated in the range of 35-45%.
Bangalore: Bangalore has 7 areas which are featured in top 50 investment list of which RMV in Bangalore North, Rajarajeshwari Nagar from Bangalore West, HAL Layout from Bangalore East, are the 3 areas in Bangalore that have given the best price appreciation. Property prices here have appreciated by between 7-21% in past one year. The ongoing metro corridor is casting a positive rub off on some of the nearby areas which might have caused favorable sentiments. Moreover, India remains the most preferred destination among the investors globally due to assured profitable returns in the coming years in real estate industry. A number of players have entered the sector with economy booming and better let-up in demand for real estate.