Best Real Estate Hotspots To Buy A House In India

Best Real Estate Hotspots To Buy A House In India

By siliconindia   |   Tuesday, July 16, 2013   |    12 Comments
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Bangalore: The country’s real estate values have witnessed a steady appreciation over the last four years. The real estate market in India has undergone many changes since decades. Earlier gold and stock were the main investment options for people but now investing in real estate has caught people’s fancy. Unlike other investments, real estate generates good returns over time, making the demand for housing heading north. Below is the list of some micro-markets which have emerged as promising locations for investment, according to a report released by Jones Lang LaSalle. These locations “offer a large bouquet of investable options in real estate with their lower price levels providing the incentives for future capital appreciation and healthy returns,” said the report, as reported by Forbes.

Hotspot- Noida Extension

"It is the most attractive location in the NCR for affordable housing and is expected to see yearly growth of 15-20 per cent in the next five years," said Aniruddh Wahal, co-head, occupier services, DTZ India, a real estate consultancy, reports Business Today.

Noida Extension has emerged as one of the best location to invest in residential segment as the housing prices are likely to jump by 111 percent during 2012-2017. This area is a piece of Greater Noida and the name Noida Extension came in because of the proximity with the Noida City Centre. Property prices might shot upto rs6760 per square feet from rs3200 per square feet, which is the existing rate currently.

Read More: Realtors Eye NRIs for Indian Housing Projects

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