Investing in property needs big capital investment. This mid-year has seen the worst downfall of Rupee in many years, which is why the Real Estate sector got its worst hit. Though, India has a great potential when it comes to Real Estate Market but the economic slowdown has affected the Realty sector badly.
Experts do not deny that this is the worst hit. The investment appreciation which usually used to go till 60-70% has left the investors with an appreciation of less than half of what they invested. But the experts also believe that this slowdown will not remain forever. The coming quarter is expected to bring the boom back. The NRIs or the people who are earning their income in dollars are already in the benefit. This benefit is for both, the investor and the buyer.
The good time for the market is soon to come. So, why wait for that long and why not start with the search now. Here we share with you top 5 cities that are best for property investment in India.
1. Mumbai: In Mumbai places like Wadala and Chembur are the best areas for the investment. This is because of the close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. In near future the city is expected to see brighter market status and offer good monetary values.
3. Pune: Pune has four major areas that are promising namely Hinjewadi, Ravet, Tathawade and Wakad. Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road is what will drive the investors to these areas in Pune. Hinjewadi is known as the IT Village of Pune which is reason behind the real estate growth in this area. Tathawade is said to be the extension of Wakad in Pune, located at a distance of four kilometers from Wakad. Ravet is situated on the eastern part of the Mumbai-Pune Bypass road which is likely to become popular from the employment growth in Hinjewadi. Wakad attracted the investors due to its close proximity to the Rajiv Gandhi Infotech Park.
5. Chennai: According to the market study within next 5 years, Pallikarnai and Medavakkam will witness price appreciation of around 93 percent and 103 percent respectively. 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.
Happy Investing!
Properties in Gurgaon
Experts do not deny that this is the worst hit. The investment appreciation which usually used to go till 60-70% has left the investors with an appreciation of less than half of what they invested. But the experts also believe that this slowdown will not remain forever. The coming quarter is expected to bring the boom back. The NRIs or the people who are earning their income in dollars are already in the benefit. This benefit is for both, the investor and the buyer.
The good time for the market is soon to come. So, why wait for that long and why not start with the search now. Here we share with you top 5 cities that are best for property investment in India.
1. Mumbai: In Mumbai places like Wadala and Chembur are the best areas for the investment. This is because of the close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. In near future the city is expected to see brighter market status and offer good monetary values.
2. Delhi/NCR: Dwarka Expressway which will join Gurgaon and Dwarka, Golf Course Extension Road, Gurgaon and Noida Extension in Delhi-NCR are showing the bright prospects 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 2013-2017. Property prices might shot up to almost double the existing prices. Dwarka Expressway is emerging as a new residential belt. This Expressway will improve the connectivity between Delhi and Gurgaon, making the real estate boom in this area.
3. Pune: Pune has four major areas that are promising namely Hinjewadi, Ravet, Tathawade and Wakad. Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road is what will drive the investors to these areas in Pune. Hinjewadi is known as the IT Village of Pune which is reason behind the real estate growth in this area. Tathawade is said to be the extension of Wakad in Pune, located at a distance of four kilometers from Wakad. Ravet is situated on the eastern part of the Mumbai-Pune Bypass road which is likely to become popular from the employment growth in Hinjewadi. Wakad attracted the investors due to its close proximity to the Rajiv Gandhi Infotech Park.
4. Bengaluru: 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. With the establishment of Bengaluru International Airport, the residential hub- Hebbal has gained popularity. K R Puram or Krishnarajapura, suburb of Bangalore is a forthcoming sought after residential destinations in Bangalore after Hebbal. North Bengaluru will be the biggest beneficiary of the Bengaluru International Airport (BIA) and is expected to emerge as the new Central Business District (CBD) of Bengaluru within the next decade. While East Bengaluru possess the potential to provide a lifestyle shift.
5. Chennai: According to the market study within next 5 years, Pallikarnai and Medavakkam will witness price appreciation of around 93 percent and 103 percent respectively. 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.
Happy Investing!
Properties in Gurgaon