India's Top 13 Residential Destinations

13) KR Puram
Where: Bangalore

Krishnarajapura or K R Puram is a suburb of Bangalore which has made it to the list of top 13 destinations. This area in Bangalore has ranked 13^th with the price appreciation of 91 percent during 2012-2017. K R Puram is a forthcoming sought after residential destinations in Bangalore after Hebbal. K R Puram has witnessed a launch of 6095 residential units from 2007, out of which 42 percent units are launched in last 33 months alone.

Moreover, in Bangalore real estate market, K R Puram and Hebbal are likely to give highest price appreciation. “These two markets are sun-rise areas due to various reasons, the most important being connectivity to arterial roads and proximity to business clusters,” according to Prashanth Sambargi, Partner at property brokerage firm, Mars Realty, reports TOI.

 Investor returns: 18.6 percent per annum
2012 average price per square feet: 3245
Forecasted average price per square feet for 2017: 6200
Price appreciation during 2012-2017: 91 percent
Estimated price to double in years: 5.5 percent

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