Mohali Bangs SIXTH position throughout India for the best place to invest !!

Top 10 India Real Estate Destinations

(Economic Times)

Realty is an attractive investment option since it provides a stable income stream. There is also the added benefit of capital appreciation. After a brief lull in 2008-09, property prices rose sharply in 2010. Come 2011, the momentum in property prices is likely to continue, say investment experts.

But the gains may not be uniform across the country unlike during the past two years. Property prices are likely to appreciate in a few pockets. With the help of property advisors, Jones Lang LaSalle India and CBRE, ET Intelligence Group presents you the list of hot property destinations for 2012.

Mumbai

The financial hub of India is always a major attraction when it comes to real estate. Mumbai has three promising regions:

a) The extended western suburbs – the Vasai-Virar sub-region. This region is known for budget housing.

DRIVERS – Economic drivers such as special economic zones by DHL, BIO Tech SEZ by Mahindra and IT SEZ and higher connectivity after the introduction of additional suburban trains from 2011.

b) The area adjoining Panvel – Many developers have already initiated large township projects in the region.

DRIVERS – This region is benefiting significantly from trunk infrastructure enhancements such as the upcoming international airport, the Trans-Harbour Link, a railway terminus, and a mono rail. Positive impact from the upcoming Mega SEZs by Reliance and others. The expansion of JNPT.

Delhi/NCR

Delhi/NCR is known to be business and political territory. Since the growth in the industrial and the corporate is making way for a huge number of people from all over the country, the demand for real estate is continue to rise in the long term. The areas around the 150-metre road that will eventually connect Gurgaon to Dwarka specifically, Sectors 103-111, have significant growth potential.

DRIVERS – The area is currently underdeveloped, however, when residential projects there reach completion in 2-3 years, the appreciation will be between 30 and 35%. A lot of this depends on the ability of developers to raise enough cash to complete projects.

Bangalore

The silicon valley of South, has witnessed a robust economic growth due to increasing number of IT companies in the region in the past few years. It has become one of the major destinations for high-end employment.

a) Koramangala

DRIVERS – No scope for fresh developments. Close to Electronics City. Residential demand is high.

b) Outer Ring Road and Bellari Road

DRIVERS – Close to IT hub. Outer Ring Road is close to Whitefield and is a commercial area. New developments are coming up on Bellari Road, which is also close to the Devenhalli airport. Apart from these, Mysore Road, which encompasses the upcoming NICE corridor, has a future promise given the good connectivity to Mysore and many commercial developments being planned there.

Pune

The demand is expected to rise in the long term due to increase in investment by IT and ITeS companies. With Talegaon not picking up in the anticipated manner, Pune’s new growth corridor now encompasses Kharadi and Nagar Road. This can be safely considered as a lucrative real estate investment zone.

DRIVERS – Eon IT Park, 4 million square feet of prime IT space in the last stages of completion. Other IT SEZs and commercial ventures also on the anvil. Proximity to revamped airport. Improved connectivity, largely via the opening of the VIP Road connecting Viman Nagar to the airport. 5-star hotel properties such as JW Marriott, Grand Hyatt and Leela. Reasonably low entry costs.

Hyderabad

It is a major centre for pharmaceuticals with companies such as Dr Reddy’s Laboratories and is fast developing into a centre of biotechnology sector in India. Genome Valley and Nanotechnology Park are some of the upcoming projects. IT and ITeS companies are also expanding their presence in the city. Gachibowli and Tellapur regions have residential real estate growth potential.

DRIVERS – Proximity to the financial district, which is where the highest growth of IT and other commercial projects is happening. Outer Ring Road (Phase 1 in advanced stage, phase 2 scheduled after six months) in the vicinity will reduce commuting time of residents to key workplace locations.

Mohali

Residential rates at Chandigarh have gone through the roof and there is little scope for appreciation for now.

Chandigarh could not partake in the IT boom for these reasons. However, adjoining Mohali presents a completely different picture. The area called Greater Mohali, which encompasses the fast-developing Landra-Mohali Road area, is a very promising residential nexus. Pan India developers such as Unitech, Emaar-MGF, Ansals and DLF have snapped up land there for development into mega, multi-sector residential hubs. These will be highly organised cluster projects and all the right drivers are in place:

DRIVERS – Upcoming International airport. Destination for the planned Indian Business School. Multi-terminal bus stand soon to be commissioned. 120 acre township with IT SEZ coming up. The investment opportunity here is in land. After 3-4 years, the land rates in these areas will surpass those in central Mohali.

Kochi

Kochi has the fast-growing residential market in Kerala. The NRI investments has caused sudden spurt in residential demand in Kochi City.

a) The prime residential areas adjacent to MG Road and along Marine Drive still command a premium.

DRIVERS – Close to the central business district and huge demand for waterfront apartments.

b) Peripheral areas of the city such as Kakkanad, Edapally and Kalamassery currently face a short-term oversupply of mid-range flats that are selling in the Rs 2,500-3,000/sq ft range.

DRIVERS – Close to the existing InfoPark. Excellent connectivity resulting from a combination of airport, sea port, road and rail, has positioned the city for long term growth and competitive advantage. A disproportionately large number of NRIs, or non-resident Keralites to be more specific, are investing from abroad and have increased demand for residential space.

Ahmedabad

The city has recently started leveraging its real estate potential. It has some real residential hotspots coming up. For instance, there will be considerable economic activity with the arrival of the Tata Nano project, which will definitely boost the value of real estate in and around the corridor of Sanand.

DRIVERS – Located in an industrial region rich with SEZs. Nano plant. Infrastructure upgradation in process. Good connectivity due to SG Highway and SP Ring Road. Good land availability. Low land prices.

Some of the reputed developers active in this region include Pacifica Sahara, Savvy and Safal. Prahlad Nagar is another good area to consider. It is surrounded by premium areas, has a high income population and the prices are still relatively low.

Jaipur

The pink city has witnessed some of the best planned and balanced real estate developments in commercial, retail and residential space. Jaipur benefits from its growing population and sound purchasing power.

a) Ajmer Road (NH-8)

DRIVERS – Availability of land parcels to support large expansive townships as against low land availability within city limits. Low land prices. Proximity to Mahindra World City; Mahindraक्ष्fs SEZ being developed close to Ajmer Road having campus developments by Wipro, Infosys, Deutche Bank, among others. This makes the region a potential business hub of the future. Rapid connectivity to neighbouring towns of Rajasthan as well as the prime city of Jaipur with NH-8.

Jagatpura

DRIVERS – Proximity to South Jaipur, the hub of upcoming institutional, commercial and retail developments. The location is also close to the new airport coming up, which provides good connectivity. Availability of land parcels to support large expansive townships as against low land availability within city limits. Low land price points and entry costs attracting good investor interest.

Rapid residential development accruing to a large number of townships and group housing projects and townships in and around the area. An upcoming destination as a residential hub, with a large concentration of government housing projects as well; a new expansion zone for the city population.

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