+
The hot spots of Indian realty sector for investment
Real Estate

The hot spots of Indian realty sector for investment

According to Knight Frank, Mumbai, Delhi-NCR, Pune, Chennai and Bangalore have emerged as the top five cities in India for investment in residential segment. The firm in its report said that People in India seek property not only for accommodation purpose but also as an investment option.

Om Ahuja, CEO, residential services, Jones Lang LaSalle India says that identifying the right markets becomes easier if one looks for certain at key market triggers. The critical ones that highlight the potential of any property markets include existing infrastructure readiness, implementation timelines for new infrastructure initiatives, demand for commercial space in the market (leading to job creation), social infrastructure, and price trends.

Mumbai, the country's financial capital is one among the largest traditional real estate market in India. In Mumbai, places like Wadala and Chembur are emerging as the most promising investment destination. These places are witnessing maximum growth in real estate movement because of close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. It is expected that the upcoming projects will increase the housing demand in these places in the near future.

In Navi Mumbai, areas like Ulwe, Kalamboli, Kharghar and Panvel are emerging as the most promising property investment destination. Although, the area is in need of good social infrastructure, Ulwe has emerged as the hottest destination for real estate investment in India.

Dwarka Expressway and Noida Extension in Delhi-NCR are showing the most promising when it comes to property investment. Noida Extension has emerged as one of the best location to invest in residential segment as the housing prices are likely to jump by 111 percent during 2012-2017. Property prices might shot upto 6760 per square feet from 3200 per square feet, which is the existing rate currently. Since 2010, Noida Extension has witnessed the launch of more than 80,000 residential units.

With four investment destinations namely Hinjewadi, Ravet, Tathawade and Wakad, Pune has the maximum number of promising residential property options...Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road will immensely benefit these residential markets.

Within Bangalore, localities like Hebbal and KR Puram are emerging as the most promising property destination in 2013. Hebbal has witnessed healthy real estate movement even during sluggish real estate condition.

In Chennai, Pallikaranai is believed to be one of the popular employee residential locations. This area is expected to gain popularity with the upcoming Vandalur-Velachery Monorail Project. Medavakkam is a residential locality in Chennai which is in close proximity to the Chennai Airport.

Hyderabad has also made through the list when it comes to hot destination for property investments. Hyderabad has the capacity to create jobs which in turn increases the demand for housing.

According to Knight Frank, Mumbai, Delhi-NCR, Pune, Chennai and Bangalore have emerged as the top five cities in India for investment in residential segment. The firm in its report said that People in India seek property not only for accommodation purpose but also as an investment option. Om Ahuja, CEO, residential services, Jones Lang LaSalle India says that identifying the right markets becomes easier if one looks for certain at key market triggers. The critical ones that highlight the potential of any property markets include existing infrastructure readiness, implementation timelines for new infrastructure initiatives, demand for commercial space in the market (leading to job creation), social infrastructure, and price trends. Mumbai, the country's financial capital is one among the largest traditional real estate market in India. In Mumbai, places like Wadala and Chembur are emerging as the most promising investment destination. These places are witnessing maximum growth in real estate movement because of close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. It is expected that the upcoming projects will increase the housing demand in these places in the near future. In Navi Mumbai, areas like Ulwe, Kalamboli, Kharghar and Panvel are emerging as the most promising property investment destination. Although, the area is in need of good social infrastructure, Ulwe has emerged as the hottest destination for real estate investment in India. Dwarka Expressway and Noida Extension in Delhi-NCR are showing the most promising when it comes to property investment. Noida Extension has emerged as one of the best location to invest in residential segment as the housing prices are likely to jump by 111 percent during 2012-2017. Property prices might shot upto 6760 per square feet from 3200 per square feet, which is the existing rate currently. Since 2010, Noida Extension has witnessed the launch of more than 80,000 residential units. With four investment destinations namely Hinjewadi, Ravet, Tathawade and Wakad, Pune has the maximum number of promising residential property options...Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road will immensely benefit these residential markets. Within Bangalore, localities like Hebbal and KR Puram are emerging as the most promising property destination in 2013. Hebbal has witnessed healthy real estate movement even during sluggish real estate condition. In Chennai, Pallikaranai is believed to be one of the popular employee residential locations. This area is expected to gain popularity with the upcoming Vandalur-Velachery Monorail Project. Medavakkam is a residential locality in Chennai which is in close proximity to the Chennai Airport. Hyderabad has also made through the list when it comes to hot destination for property investments. Hyderabad has the capacity to create jobs which in turn increases the demand for housing.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train’s Surat-Vapi Section Set for 2027

The first section of the Mumbai-Ahmedabad Bullet Train corridor, linking Surat and Vapi, is targeted to begin services in 2027. Construction is expected to be completed by December 2026, while Railway Minister Ashwini Vaishnaw has indicated that an inauguration could take place around the middle of 2027. The National High Speed Rail Corporation (NHSRCL) said the train being manufactured in India is expected to reach the tracks around April or May 2027. The train will undergo extensive testing before the section is opened for passenger services. The project began construction in 2021 and includ..

Next Story
Infrastructure Transport

Indian Railways Approves Four Projects Worth Rs. 7.36 bn Across Four States

Indian Railways has approved four projects with a combined value of Rs. 7.36 bn across Uttar Pradesh, Maharashtra, Andhra Pradesh and Gujarat. The programme covers train protection, signalling, electric traction supply and a road overbridge, with each project assigned to a different railway zone. In Uttar Pradesh, Rs. 2.52 bn has been approved to extend the Kavach 4.0 automatic train protection system across 607.7 km in the Lucknow Division of North Eastern Railway. The system monitors train movements and can apply the brakes if a driver fails to observe a signal or exceeds a safe speed. The w..

Next Story
Infrastructure Urban

Chandru Raheja Sells 1.49% Stake in Mindspace REIT for Rs. 5 bn

Billionaire Chandru Lachmandas Raheja has sold a 1.49 per cent holding in Mindspace Business Parks REIT for Rs. 5 bn through a bulk deal on the BSE. The transaction involved 9.9 mn units and was executed at an average price of Rs. 505 per unit, according to exchange data. Following the sale, units of Mindspace Business Parks REIT were trading 0.18 per cent lower at Rs. 504.05 on Tuesday. Exchange data did not identify the buyers involved in the transaction. Raheja is the chairman of real estate company K Raheja Corp. The sale involved 99,00,990 units, representing 1.49 per cent of the Mumbai-b..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code