Many cities are emerging as hot destinations for property investment in India. Here we have shortlisted a few property investment and home destinations which provide better returns to the investors.
Noida-Greater Noida Expressway, Yamuna Expressway and Noida Extension are three top destinations in the National Capital Region. These areas offer better price appreciation to the investors. So they remain top destinations for property investment as well.
With the launch of Bengaluru International Airport, Hebbal has become a more popular home destination. The residential market in Hebbal is the top and most preferred choice for home buyers. It has to be noted that even during the sluggish periods, real estate market of this area remained stable.
Boosting buyers’ sentiments, many IT and ITeS Corporate are establishing their base in Hebbal. Further the area is noted for its established infrastructure. Adding to all the above said factors, Hebbal provides better connectivity too.
KR Puram would be another top destination for property investment. The city owes to the IT hub of Whitefield and Manyata Tech Park for its development. The city offers a 91% price appreciation to the investors. And with all these it is establishing itself as another hot home destination in Bangalore.
Pune has the maximum number of promising residential destinations. Hinjewadi, Ravet, Tathawade and Wakad are the four favorite home destinations in Pune. These residential markets are strategically located on the Mumbai-Pune Bypass Road. The proximity of these residential markets to many industrial and commercial hubs in West Pune, Knight Frank reported.
According to Knight Frank Medavakkam and Pallikaranaiare two promising home destinations in Chennai. These areas offer 103% and 93% of price appreciation respectively. Moreover Pallikaranai is expected to gain more popularity with the proposed Vandalur-Velachery Monorail Project.
While Pallikaranai is preferred due to its employment provisions, Medavakkam is preferred for its close proximity to the international airport. Coimbatore is another emerging home destination in Tamil Nadu. The second largest Tamil Nadu City is gradually emerging as a hot real estate destination.
Gorwa in Vadodara, Vaishali Nagar in Jaipur, Vytilla in Kochi, Dwarakanagar in Visakhapatnam, etc. are some other hot home destinations in India. With better job generation capacity and improved infrastructure Hyderabad has also become a good and more preferable destination.