Residential Price Trends Across India's 14 Major Cities

6. Jaipur

80 (Jan-Mar 2012 Index)

64 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

Jaipur, the pink city, has surprisingly made it to the list of hottest real estate destination. This city is not far behind when it comes to property investments. The city hosts some of the best planned and balanced real estate developments surpassing other Indian cities in residential, commercial and retail segment, according to ET Bureau.

Another contributing factor which has led to the boom of real estate in Jaipur is that the city offers plenty options of land availability on the outskirts to address the limited land availability issues within city limits. Moreover, close proximity to infrastructure and easy connectivity to the adjacent towns of Rajasthan has made Jaipur one of the favorable real estate destinations in India.

7. Lucknow

164 (Jan-Mar 2012 Index)

165 (Oct-Dec 2011 Index)

Base Year: 2007 = 100

The booming real estate sector of Lucknow is due to the growing infrastructure and planned development. The city’s infrastructure development is not only restricted to the city limits and outskirts, but also showing growth along the Highways that connects Lucknow to other destinations.

According to Pankaj Srivastva, Lucknow-based realtor from AK Estates, Lucknow is witnessing several new projects in sectors including commercial, residential and retail, reports Magicbricks.

Besides, the city is witnessing luxury residential projects as prominent developers like Omaxe, Ansals API, Eldeco Group and Parsvnath Developers are launching their projects in Lucknow. Also, areas that have seen the maximum infrastructure development are Gomti Nagar, Mahanagar, Janakipuram and Indiranagar.