Real estate has always been an extremely attractive option for investors. The budding investor can purchase, own, manage and sell real estate property. Though renowned for its volatility, the real estate sector can frequently net significant amounts if investors adopt the correct approach. Collecting and making available information pertaining to the latest trends in real estate prices in different areas is thus of the utmost essence, and is a task which market researchers indulge in frequently.
On the basis of the popular reports created by these companies, it would appear that the 10 best places for real estate investment in India are :
a)Chembur East, Vile Parle(East) and Bandra(East), Mumbai
These destinations were regarded as among the best investment destinations in India, by real estate monitor Maakan.com.
Price appreciations of over 20% have been noted from this area in the recent past.
b)Goregaon(East) and Andheri-Dahisar, Mumbai
These destinations are renowned for huge profits on investments in sub 10,000 psf (per square feet) properties.
c)Greater Noida and Dwarka Expressway, Delhi NCR
Indiarealestates.com regards these destinations to be among some of the best in Delhi.
Greater Noida has seen the construction of over 1,00,000 homes since 2011.
d)Gurgaon, Delhi NCR
The “Millennium City” has always been an excellent real estate investment location, and has recorded 15-20% appreciations in prices of property in the recent past. Sectors 54 and 73 in Gurgaon have recorded appreciations as high as 45%.
e)Ambegaon and Bibewadi, Pune
The past year has seen price appreciations of 22-26% , at these destinations.
The huge influx of IT companies in Pune has made it an excellent location for investors.
f)Prahlad Nagar and Satellite Road, Ahmedabad
With appreciations of over 11-16% , and excellent infrastructural support from the State Government, Ahmedabad is Gujarat’s premier real estate investment destination, and is a match for many of Mumbai’s best locales.
Currently, real estate prices in the city are low, but with the Telengana Government poised to upgrade the city’s already excellent infrastructure, Hyderabad could be a blessing in disguise for realtors who would otherwise give the city a miss.
The easy availability of cheap property (in the range of Rs. 3-4000 psf), and the city’s high demand as an IT and retail hub, makes it an investment destination which shouldn’t be overlooked.
h)Porur and Thoraipakkam, Chennai
With 11-28% appreciation, these locations in Chennai present excellent investment opportunities, with booms being projected to occur over the next decade.
India’s IT capital has always been an excellent locale for investors.
It is renowned for its excellent infrastructure and connectivity. The growing upper and middle class in this part of Bangalore increases the demand for prime property.
Appreciations of 7-21% are expected to occur over the next decade.
j)Garia and Tollygunje, Kolkata
Real estate prices have boomed by 8-11% in Eastern India’s financial hub, and growing consumerism looks set to transform these locales into highly attractive investment destinations.