India's Top 13 Residential Destinations

4) Noida Extension
Where: Delhi-NCR

Noida Extension in Delhi-NCR region has come up in the 4^th position on the list of top 13 residential hotspots. 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 6760 per square feet from 3200 per square feet, which is the existing rate currently. Since 2010, Noida Extension has witnessed the launch of more than 80,000 residential units.

Investor returns: 22.9 percent per annum
2012 average price per square feet: 3200
Forecasted average price per square feet for 2017: 6760
Price appreciation during 2012-2017: 111 percent
Estimated price to double in years: 4.5 percent

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