15 Best Locations to Buy Home in India in 2013

15 Best Locations to Buy Home in India in 2013

By siliconindia   |   Tuesday, February 5, 2013   |    9 Comments
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Bangalore: The real estate market has undergone a lot of changes over the decades. People find real estate as one of the safest option to park their hard earned money. Investing in realty gives good returns over time. Albeit the sector has struggled due to high inflation, interest rates and input charges, the market managed to survive.

"In 2013, developers will price projects more judiciously and offer a lot more pre-launch benefits. Those with large projects and inventory will be under more pressure to give discounts," says Anuj Puri, chairman and country head, Jones Lang LaSalle India, a property consultancy, reports Business Today.

Below listed are the best places to buy a home in 2013 where buyers may get good price appreciation.

1) Ulwe, Mumbai

Ulwe is an emerging residential location in the Mumbai suburbs. The financial capital of India, Mumbai is one among the largest traditional real estate market in India. Although, Ulwe is in need of good social infrastructure, it has emerged as the most preferred location for property investment in India in 2013. The area is receiving healthy demand from investors as well as home buyers because of affordable prices and proposed infrastructure like upcoming international airport and the SEZ land, which are driving the maximum real estate growth of Ulwe. Over the next five years, the housing prices in Ulwe are likely to increase by 145 percent, according to the Knight Frank’s report.

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