15 Best Locations to Buy Home in India in 2013 - Page 5

15 Best Locations to Buy Home in India in 2013

By siliconindia   |   Tuesday, February 5, 2013   |    9 Comments

8) Pune

“With four investment destinations namely Hinjewadi, Ravet, Tathawade and Wakad, Pune has the maximum number of promising residential property options...Proximity to employment hubs of West Pune and strategic location on the Mumbai-Pune Bypass Road will immensely benefit these residential markets," said the Knight Frank study.

9) Chennai

In Chennai, areas like Pallikaranai and Medavakkam have emerged as the most preferred residential markets to make investment. According to the Knight Frank study, "Pallikarnai and Medavakkam will witness price appreciation of 93 percent and 103 percent respectively in the next 5 years.”

Pallikaranai is believed to be one of the popular employee residential locations. This area is expected to gain popularity with the upcoming Vandalur-Velachery Monorail Project. Medavakkam is a residential locality in Chennai which is in close proximity to the Chennai Airport. Moreover, it is expected that Medavakkam will become a popular residential area in the near future with housing price appreciation of 103 percent during 2012-2017.

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