Best Real Estate Investment Locations in India
Many investors across the globe are interested in expanding their property portfolio. Such players are always in hunt of better prospects where they can invest in to reap better returns at future date. There is no dearth of such investors in fact there are plentiful of them who are willing to invest in the countries like India but are oblivious of the best locations and hence remain perplexed. Experts and real estate analysts have skillfully chalked out list of best locations in India which tends to generate better revenues in future and reflects appreciative market scenario.
Five Prominent Real Estate Investment Places in India
India has a growing economy. Steadily itâ€™s chalking its path on the roads of development. It draws its strength from various flourishing sectors as in Automobile, education, hospitality, IT and real estate. All these sectors in sync with other important ones massively contribute to the Gross Domestic Product of the country. Amid various sectors mentioned above real estate has greatly contributed to the development picture.
Last recessionary phase did hit the economy, but transmuting situations has allured not only the developers but also the investors. Real estate players both in private and public sector cohesively have made efforts to improvise the realty structure. Hence several destinations have evolved as the prominent sites where done ensures manifold returns in future.
Few of the best locations are listed below:-
Noida Extension: – If you wish to stay somewhere close to National Capital then Noida Extension is the sought after destination. It is the most alluring destination of the region and is expected to witness 15-20% growth yearly in the next five years as analyzed by the property gurus. The housing prices here are likely to leap ahead by 111 % by the year 2012 and 2017. Â The prices here are expected to go up from 6760 sq ft to 3200 sq ft.
The location stands ideal for the investors who are willing to purchase residential property, instead those who are looking for rentals. It is urbanized sector blessed with all amenities but if you wish to invest in large figures to draw better yields then the location stands perfect.
Bangalore: -Hebbal and RK Puram no doubt are two most prospering sites of the city promising manifold returns on the property purchased. Sound infrastructure, better connectivity in the region has ensured rapid development over years. Watching the rise in the property demand in the above localities, statistics drawn of lately showed close to 91% appreciation in the prices of ventures in the R K Puram area, with Hebbal too registering somewhat close increase by the year 2017.
Besides this BIEC getting stretched along Tumkur Road is further an accomplishment in the infrastructure domain which will boost the commercial activity.
Chennai: -If down south is what your preferred area, then Chennai can help you the best. Areas like Pallakarnai and Medavakkam have evolved as the most sought after residential markets for investments.
The localities Pallakarnai and Medavakkam are anticipated to witness 93% and 103% appreciation in next 5 years. Pallakarnai was in news for its Vandalur Velacherry Monorail project has high real estate potential and tends to experience the surge.
Therefore investors who are planning to invest in the city can reap high benefits with manifold returns on the capitalized amount.
Dwarkanagar, Andhra Pradesh: -Vishakapatnam is another important destination which the investors are eyeing for long. Dwarakanagar is the ideal choice of the investors. It has great potential for residential market and has witnessed good response not only from the domestic home buyers but also from the Non Resident Indians.
Emergence of software and BPOâ€™s sector has further swelled up property demand. The area represents strong social infrastructure system. A home for 1000 square feet here will cost around 38 lakh and ensures high real estate activity.
Gujarat: – Gorwa in Gujarat is a property spot that depicts a thorough mix of residential and commercial properties. The annual increase in the property prices in the locality is witnessed at the rate of 8-12% each year. The ongoing Vadodara Surat National Highway unveils the huge potential in the area and further augments the residential and commercial development chances herein.
There are various other locations as in Viaishali Nagar in Rajasthan, Ulwe, Chembur and Wadala in Mumbai, Dwarka Expressway in Delhi, Hyderabad and Vytilla in Kerala which can be ideally considered for property investment.