21/06/2015
Property Investment in India – 5 Attractive HotSpots in 2013
2 years ago Ritesh Bendre
The Indian property market now presents huge investment opportunities for individuals, all thanks to the sustainable developments across various sectors. Unlike the earlier times, most people now purchase property in India for not only for accommodation, but also as an investment option for lifetime. Despite of the sluggish economic conditions, property investment in India never lost its sheen. With the residential plots growing at a rapid rate, lets take a look at some of the best cities for real estate investment in India.
Mumbai & Navi-Mumbai –
Being the financial capital, Mumbai is amongst the largest real estate markets in India. Places like Chembur, Wadala and Charkop are emerging as some of the most promising property investment destinations. The significant growth in real estate movement can be due to its close proximity to strategic locations, premium office space markets and proposed infrastructure projects like Monorail, Eastern Freeway project and Metro Rail. Areas like Kharghar, Panvel, Kalamboli and Seawoods in Navi-Mumbai have also seen a rise in housing demand.
Delhi-NCR –
Noida Extension and Dwarka Expressway in Delhi-NCR, are among the promising destinations for property investment in the capital city of India. The Dwarka Expressway is believed to improve connectivity between Gurgaon and Delhi, which can turn out to be good property investment.
According to a report by Silicon India, housing rates in Noida Extension are likely to soar by 111 per cent during 2013-2017. Also, the property prices are expected to shoot-up to Rs. 6760 from current approximate cost of Rs. 3200 per square feet. The report also said the the Noida Extension has witnessed a launch of over 80,000 residential units since 2010, whereas Dwarka Expressway stretch has seen a launch of around 12,649 residential units.
house of raising charts
Pune –
Wakad, Tathawade, Ravet and Hinjewadi are some of the promising residential property investment destinations in Pune. Close proximity to employment hubs and being strategically located on Mumbai-Pune bypass road can greatly benefit the residential markets. While Hinjewadi is mainly driven by the IT sector (also known as Pune’s IT Village), Wakad is in close proximity to the Rajiv Gandhi Infotech Park.
Chennai –
Pallikaranai, in Chennai is one of the preferred residential location by most employees. The ongoing Vandalur-Velachery Monorail Project is one reason why this area his gaining immense popularity. In the past few years, Medavakkam has seen great housing price appreciation, majorly due to its close proximity to the Chennai Airport.
Bangalore –
KR Puram and Hebbal are amongst the most promising property destinations within Bangalore. Close proximity to Bengaluru International Airport has helped Hebbal in witnessing a steady real estate movement, even during the sluggish period. In the suburban region, Krishnarajapura (or KR Puram) is believed to be one of the most sought after residential destinations for property investment.
Finance Options
When buying a residential property in India, most people consider getting a home loan. A lot of banks today offer home loans at attractive interest rates, thus making it possible even for a common man to buy his dream home. To know about the initial down payment and EMI’s (Easy Monthly Installment) it is always recommended to use a home loan calculator.
