India's 6 Promising locations for Property Investors

5) Zirakpur

Where: Chandigarh

Zirakpur lies on the Chandigarh-Ambala Highway, which is located on the Chandigarh suburbs. The area Zirakpur is a developed and prime residential area in Chandigarh coupled with good social infrastructure. An average house in Zirakpur will cost around 12000-13000 per square feet against 10000-10,500, last year.

This area has lots of potential because after the completion of Aerocity Road, there will be easy connectivity from Zirakpur to places like Chandigarh, Mohali and Panchkula. Also, major companies like Quark, Infosys, Dell, IBM and Tech Mahindra are setting up their bases in the suburban areas of Chandigarh, making the property prices heading towards north.

6) Peelamedu

Where: Coimbatore, Tamil Nadu

Coimbatore is gradually emerging as a hottest real estate destination in India. The second largest city of Tamil Nadu is mainly flourishing as a commercial hub; in addition the city is also witnessing healthy demand in residential segments as well.

Peelamedu in Coimbatore is a suburd and located on Avinashi Road, which is one of the busiest roads in the city of Coimbatore. It has emerged as a property hotspot for investors because the area offers good infrastructure, low cost of living and good quality lifestyle. Also, the area is developing at a fast pace because the area is packed with several major textile and wetgrinder companies, social infrastructure and residential complexes.