India's 7 Attractive Property Investment Hotspots In 2013

India's 7 Attractive Property Investment Hotspots In 2013

By SiliconIndia   |   Tuesday, January 15, 2013   |    4 Comments
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Bangalore: Buying a property is a resolution for many Indians this year. People are seeking property not only for accommodation purpose but also as an investment option. Despite sluggish economic condition, investing in property has never lost its sheen. According to a recent report released by global real estate consultancy Knight Frank, Mumbai, Delhi-NCR, Pune, Chennai and Bangalore have emerged as the top five cities in India for investment in residential segment.

 "Identifying the right markets becomes easier if one looks for certain at key market triggers. The critical ones that highlight the potential of any property markets include existing infrastructure readiness, implementation timelines for new infrastructure initiatives, demand for commercial space in the market (leading to job creation), social infrastructure, and price trends," said Om Ahuja, CEO, residential services, Jones Lang LaSalle India, reports Economic Times.

Below is the list of such promising localities in India:

1) Mumbai:

The financial capital is one among the largest traditional real estate market in India. In Mumbai, places like Wadala and Chembur are emerging as the most promising investment destination. These places are witnessing maximum growth in real estate movement because of close proximity to premium office space markets, strategic location and proposed infrastructure projects like Eastern Freeway project and Monorail. It is expected that the upcoming projects will increase the housing demand in these places in the near future.

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Reader's comments(4)
1: Thanks for sharing this info. But some of the destinations mentioned don't make sense. For example take Mumbai, the price is already inflated. And if check the price over 2 years it is not appreciating much. In fact in some areas of Mumbai there has been some correction.
Posted by:Feasibilitypro - 15 Jan, 2013
Dear Sir

Just yesterday 16th January 2013 saw major price corrctions in Mumbai's over heated and inflated property prices. This heralds a downtrend that is long expected and the Realty bill that is proposed will further make it difficult for unscruplous builders to inflate prices and resort to profit booking in such a mercenary fashion. All properties are now to be sold at carpet area and accountability has been introduced in this bill

The builders will oppose it as they are used to having afeild day doing all manipulations and shoring up prices artificially. This will all stop and there is bound to be a major price correction - long awaited. The builders have finally blinked and I would encourage every home buyer to wait and see what happens.
Dinakar Nair Replied to: Feasibilitypro - 17 Jan, 2013
Hey I would say that in Worli, South Mumbai, Lodha Codename Bluemoon seems to be a good investment. The property is available in a pre-launch wherein the starting price is approx 3.2cr. Chances of appreciation are around 30% once this is launched in the market later this year. I've seen the location and it is indeed spectacular. Have tried to break the algo of their allotment process in my blog
Deepak Narain Replied to: Feasibilitypro - 16 Jan, 2013
4: Good list
Posted by:Zeba - 15 Jan, 2013

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