India's 6 Promising locations for Property Investors

India's 6 Promising locations for Property Investors

By siliconindia   |   Tuesday, December 11, 2012   |    1 Comments

Bangalore: Indian real estate market is vibrant in nature. Majority of people prefer to invest in real estate sector, either for accommodation purpose or for long-term investment. While the country is witnessing stalled residential projects and slow economy, there are some prominent locations in India where investors can make their investments. These areas have emerged as promising because of fast development and good connectivity, reports Yogini Joglekar of Business Standard.

1) Dwarakanagar

Where: Visakhapatnam, Andhra Pradesh

Dwarakanagar in Visakhapatnam is an emerging residential area which is witnessing good response from home buyers mainly from non-resident Indians (NRIs). Dwarakanagar which is only 15 km away from Visakhapatnam is receiving healthy real estate movement due to the emergence of software and business processing outsourcing (BPO) firms that are setting up their base in the city. The Dwarakanagar stretch has good social infrastructure within close proximity. A flat of 1000 square feet in Dwarakanagar will cost around rs38 lakh compared to the last year’s cost that was around rs38 lakh. While the rental yields have not touched the premium level, the area is showing lots of potential due to the development and rising real estate activity.

“The major growth corridor is towards the north, along NH-5 towards Vijayanagarm,” said Ashutosh Limaye, head of research and real estate intelligence services, Jones Lang LaSalle, reports Business Standard.

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