By: Sanya Kaushik
The real estate industry, much like every other industry, has been in a state of consistent growth and renovation since time immemorial. In India, this multifaceted industry stands at the forefront of economic success and development. Property investment is a ubiquitous practice across the board. Celebrities, businessmen, service providers, consultants, and pretty much anyone who has a certain amount of accumulated wealth knows that investing in property is your safest bet for a financially secure future.
While you may have done your homework with respect to the documentation and other legal paperwork that accompanies real estate transactions, you may be confused as to WHERE to actually put in your money.
You can use this list as a guide of prospective exploration sites-
1. Chembur, Mumbai: A posh Mumbai suburb, Chembur has been the target of many a real estate developer, and is expected to witness a price appreciation of 125% between 2012 and 2017.
2. Noida Extension, Delhi NCR: Noida Extension has several commercial and residential projects coming up in the next few years. It is well-connected to Noida City Center and Connaught Place. It is expected to see a property price appreciation of 15-20% in the next few years.
3. Greater Noida, Delhi NCR: This is one of the fastest growing suburbs of Delhi NCR. It comprises of several mid-rise and high-rise developments that serve as idyllic avenues for property development.
4. Wadala, Mumbai: Wadala is well connected to the various areas of Mumbai via the Eastern Express Highway. The properties in this area will also benefit from an almost ready monorail that follows a Chembur-Wadala-Jacob route.
5. KR Puram, Bangalore: This area lies in close proximity to the IT hubs of Whitefield and Manyata Tech Park. It lies in NH 75. Connectivity will be provided by the proposed Peripheral Ring Road and the upcoming metro railway network.
6. Hinjewadi, Pune: Hinjewadi has an ever-improving infrastructure that will aid in substantially increasing the prices of all the properties established and coming up in this area.
7. Pallaikaranai, Chennai: Located close to the upcoming Vandalur-Velachery Monorail project, Pallikaranai is a premier location for property investment. It is a popular residential destination in Chennai.
These are the 7 best investment avenues in India. With prices constantly appreciating, these locations look quite promising.
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