India's Top 13 Residential Destinations

By SiliconIndia   |   Tuesday, November 27, 2012   |    9 Comments
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Bangalore: Real estate is one of the safest options for investment. Despite sluggish economic condition, investors are showing their interest to park their investments in the real estate market in India. According to a recent report released by global real estate consultancy Knight Frank, Mumbai, Delhi-NCR, Pune, Chennai and Bangalore have emerged as the top five cities in India for investment in residential segment.

“With property options ranging from 3,200 sq ft to 15,000 sq ft and investor returns in the range of 18.6-29 per cent per annum, residential real estate will emerge as a promising asset class for the next five years,” said Gulam Zia, Executive Director of Knight Frank. Below is the list of top 13 residential hotspots to invest in, as listed by Yahoo.

1) Ulwe
Where: Mumbai

The residential market, Ulwe is situated in the financial capital of India, Mumbai. Although, the area is in need of good social infrastructure, Ulwe has emerged as the hottest destination for real estate investment in India. Over the next five years, the housing prices in Ulwe are likely to increase by 145 percent, according to the Knight Franks’s report.

Moreover, the forthcoming international airport and the SEZ land are driving the realty growth of Ulwe. Since 2009, this area is witnessing growth in sales as well. For instance, around 4805 residential units are already sold in Ulwe, out of the total 6,606 units.

Investor returns: 29.0 percent per annum
2012 average price per square feet: 4000
Forecasted average price per square feet for 2017: 9800
Price appreciation during 2012-2017: 145 percent
Estimated price to double in years: 3.4 percent

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Reader's comments(9)
1: Looks quite familiar to me
https://in.finance.yahoo.com/photos/india-s-major-residential-destinations-1353562082-slideshow/india-s-major-residential-destinations-photo-647166857.html
Posted by:Anonymous - 24 Jun, 2014
2: This is not a final / standard list. There are so many places in India where you can double your money through investment in real state within two years such as Shaheed Path - Lucknow, Malihabad - Lucknow,Deva Road - Lucknow,
Posted by:Babbul - 08 Feb, 2013
3: Ganesh - 9663170777
Posted by:Ganesh - 03 Jan, 2013
4: really nice colourful contents
Posted by:stephen - 07 Dec, 2012
5: dear sir,i am a windmills,realestate broker in salem.all the types windmills,properties buy and sell in tamilnadu contact me.thanking you
Posted by:ganesan - 29 Nov, 2012
6:
dear ganesh, pls give your contact phone or e.mail, for enable me to call back.

Vedah Murthy, chennai. >trustmurthy@yahoo.com
Vedha Murthy Replied to: ganesan - 07 Dec, 2012
7: Wakad in Chennai????
Posted by:prashant - 27 Nov, 2012
8:
wakad in pune
Dee Replied to: prashant - 06 Mar, 2013
9: Good list..
Posted by:Faizal - 27 Nov, 2012
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