India's Top 13 Residential Destinations - Page 2

India's Top 13 Residential Destinations

By siliconindia   |   Tuesday, November 27, 2012   |    9 Comments

2) Wadala
Where: Mumbai

Wadala stood at second position on the list of top 13 residential hotspots in India

The niche residential market, Wadala is located in the Central Zone of Mumbai. Wadala stood at second position on the list of India’s 13 top residential hotspots. According to the report, with premium residential projects coupled with ultra-luxury amenities, Wadala has possibility to offer quality lifestyle. Since 2007, nearly 1871 residential units have been launched in Wadala and surprisingly, around 1387 units were launched only in 2011. This place has emerged as one among the top destinations for investment in residential segment with price appreciation of 133 percent during 2012-2017.  

Investor returns: 27.0 percent per annum
2012 average price per square feet: rs15,000
Forecasted average price per square feet for 2017: rs35,000
Price appreciation during 2012-2017: 133 percent
Estimated price to double in years: 3.8 percent

Also Read: Housing Prices Up in 9 Cities, Down in 11 Places: National Housing Bank