Are You Buying Property? Seek Promising Locations

Research to get promising locations:

If you are planning to invest in property, research work is a must thing to start with.  You need to seek locations that will fetch price appreciation in long run. In this present market situation where property prices touches sky, you need to decide on cities and towns that are coming within your price bracket. "Mumbai is always a good city to invest for the mid-to-long term, though the price points are certainly still prohibitive for smaller investors. I would put special emphasis on Navi Mumbai and Thane. Areas in Navi Mumbai like Ulwe and Kalamboli are very promising," said Ahuja.

According to Ahuja, "Pune, Bangalore, Chennai and Delhi NCR are also good options, but one needs to research the available options thoroughly. A blindfold approach will definitely not work."

"There have been economic growth initiatives taken by central and state governments like dedicated freight corridor, industrial corridors, special investment regions (not to be confused with SEZs, which are grossly mismanaged) among others," added Zia. He further said that locations like Manesar in Haryana, Neemrana in Rajasthan, Dholera in Gujarat, Dadri in UP, Pitampur in Madhya Pradesh and Nashik in Maharashtra are the places that fulfill the above mentioned criteria.