India's 3 Hottest Cities for Luxury Housing Investment
Bangalore: Over the past decade, luxury and super-luxury residential projects have been witnessing good appreciation mainly in big cities like Delhi-NCR, Mumbai and Bangalore, implying over 100 percent annual returns on investment. However, premium projects in these big cities observed healthy pre-sale activity and were complete sold out at a fast pace. In fact, in the era of manifold developments, luxury and super luxury residential projects have caught developers’ fancy.
Increasing demands for luxury property in residential segment and end-users interest to park their investment in luxury housing has grabbed the developers’ attention to launch housing projects under premium category.
Below is the list of cities that offer 100 percent yearly returns on investment, reports Daily Bhaskar.com
One among the traditional real estate markets in India, Mumbai remains the most expensive city in terms of property pricing. According to a recent report released by property consultancy Knight Frank, as the financial capital of the country, Mumbai tops the list for expensive housing markets with 29 percent of its total under construction units priced above 1 crore, compared with 11 percent and 5 percent in the National Capital Region (NCR) and Bangalore property markets respectively.
Very limited piece of land parcels are available within the city limits; which has direct implications on the land acquisition prices, making the real estate prices headed towards north.