Written By: Sanya Duggal
Continuing the Series, here are the other 4 best cities for property investment in India:
Noida: Noida is currently one of the most promising investment locations in the Delhi NCR region. Various builders are developing residential and commercial properties in this area. Inclusive- Buildings designed by Armani, Disney themed homes, Homes conceptualised on the Golf Living concept, etc.
Not only in Noida, can fast-paced development also be witnessed in Greater Noida and Noida Extension. Housing prices in Noida Extension are likely to increase by 111 percent during the period 2013-2017. These areas offer affordable housing options and are presently very popular in the real estate market.
Hyderabad: The current absorption rate of apartments in Hyderabad is high. This is due to the setting up of IT/ITES and BFSI industries in the city. More job creation leads to a rise in demand for housing. According to a recent study, Hyderabad is the most affordable city, for both buying and renting houses, in India.
Having an income level of as low as Rs 13 Lakh to as high as Rs 25 Lakh, a person can easily afford buying a residential property in Hyderabad. Experts suggest that there will be a sustained demand for properties in Hyderabad in the years to come.
Navi Mumbai: Improving infrastructure and rising demand for affordable housing options are the key reasons of Navi Mumbai’s increasing popularity. A study by Knight Frank slated that Ulwe in Navi Mumbai will witness the maximum appreciation in the next 5 years.
Ulwe, Kalamboli, Kharghar and Panvel are good investment options. It is because the infrastructure close to these areas will improve drastically in the coming years, and prices of houses in Ulwe are expected to increase by 145% by 2017!
Bengaluru: With the coming up of Bengaluru International Airport (BIA), it is projected that North Bengaluru will witness positive real estate movement. Localities like Hebbal and KR Puram have observed significant capital appreciation and are expected to appreciate further.
In 2013, a price appreciation of 37% was recorded in Hebbal. Areas like KR Puram in East Bengaluru have a potential to provide a lifestyle shift. High rise premium developments are being developed here which provide plush amenities and much more.
So if are planning to invest in real estate, go for one of these locations, which will demand smaller investments, yet appreciate fast and yield high returns.
Happy Investing!
No comments:
Post a Comment