India's 7 Attractive Property Investment Hotspots In 2013

6) Chennai:

"Pallikarnai and Medavakkam will witness price appreciation of 93 percent and 103 percent respectively in the next 5 years," according to the Knight Frank study.

In Chennai, 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.

7) Hyderabad:

Hyderabad has also made through the list when it comes to hot destination for property investments. Hyderabad has the capacity to create jobs which in turn increases the demand for housing. "In all these cities, massive job creation will further fuel the demand for residential property for quite a while to come. Every individual employed by IT/ITES and BFSI industries is eventually a buyer of a residential apartment. The current absorption of residential apartments in Hyderabad, Bangalore, Pune and Chennai shows the lion's share of demand coming from IT/ITES and BFSI employees," added Ahuja, reports ET.