India's 6 Promising locations for Property Investors - Page 2

India's 6 Promising locations for Property Investors

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

2) Vytilla

Where: Kochi, Kerala

Vytilla in Kochi is witnessing healthy inflow of residential and commercial projects. This region is one of the buiest and largest intersection in Kerala. In an around Vytilla, property prices have shot upto 30 percent due to the proposed Kochi Metro and the prices are expected to increase by 40-50 percent in the coming future, according Joseph Mathew, a city-based property consultant.

Vytilla is witnessing healthy price appreciation on properties, increasing the demand for properties. In places like Kaloor, Edapally and Aluva, property prices range between rs2500 to rs5000 per square feet and the prices are expected to increase by 15 percent each year.

3) Vaishali Nagar

Where: Jaipur, Rajasthan

Vaishali Nagar which lies only 9 km from Jaipur has emerged as a promising destination for property investors. This area is witnessing appreciation in price because of the tunnel project, Ghat ki Guni, making the property prices high on areas like Agra Road. According to industry experts, if the government agrees to increase the reserve price then the property prices in the city will rise by 15 to 20 percent. In Jaipur, Vaishali Nagar is one among the prime residential areas that is extended from Queens Road to the Delhi Bypass and Ajmer Road to Sirsi Road. Apart from Vaishali Nagar, other areas like Tonk Road, Ajmer Road and Jagatpura seen an increase in property prices against last year. Moreover, places like Jodhpur and Jaipur, the property investment looks promising because these two places are among the part of golden triangle in India, the famous tourist circuit.

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