India's Top 13 Residential Destinations

7) Hinjewadi
Where: Pune

Hinjewadi area has emerged as one of the most sought after residential hubs in Pune. The real estate growth is mainly driven by the IT/ITeS sector as Hinjewadi is known as the IT Village of Pune. The area Hinjewadi has ranked 7^th on the list of top residential destinations. According to the report, 11,466 residential units have been sold from 15,070 total units launched in Hinjewadi since 2007.

Investor returns: 20.6 percent per annum
2012 average price per square feet: 4000
Forecasted average price per square feet for 2017: 8000
Price appreciation during 2012-2017: 100 percent
Estimated price to double in years: 5 percent

8) Tathawade

Where: Pune

Tathawade is said to be the extension of Wakad in Pune, which is located at a distance of four kilometers from Wakad. Since 2010, Tathawade has witnessed the residential launch of total 1415 units, out of which 1038 units have been absorbed already, according to the report.

Investor returns: 20.0 percent per annum
2012 average price per square feet: 4300
Forecasted average price per square feet for 2017: 8500
Price appreciation during 2012-2017: 98 percent
Estimated price to double in years: 5.1 percent

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