India's 7 Attractive Property Investment Hotspots In 2013 - Page 2

India's 7 Attractive Property Investment Hotspots In 2013

By siliconindia   |   Tuesday, January 15, 2013   |    4 Comments

2) Navi Mumbai:

In Navi Mumbai, areas like Ulwe, Kalamboli, Kharghar and Panvel are emerging as the most promising property investment destination. Although, the area is in need of good social infrastructure, Ulwe has emerged as the hottest destination for real estate investment in India. Over the next five years, the housing prices in Ulwe are likely to increase by 145 percent, according to the Knight Frank's investment advisory report 2012.

"Ulwe will immensely benefit from the upcoming Seawood-Uran suburban rail network, which will connect it to the prominent office hubs through a mass rapid transport system," said the Knight Frank report.

"In Noida and Navi Mumbai, there are market drivers over and above job creation at play - namely superior infrastructure and affordability. Navi Mumbai and Noida are absorbing investor demand from Mumbai and Delhi, where affordability plays important role for investors. In the case of Navi Mumbai, one can further extrapolate the investment potential to Kharghar, Kalamboli and Ulwe," said Ahuja, reports ET.

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