Top 50 Property investment destinations of 2015 : Makaan.com research

City wise analysis of Top 50 areas for property investment in India

Mumbai: Mumbai seems to be the most favorable investment destination as 14 areas feature among the top 50 list. Chembur East in Mumbai Central Line, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai Andheri-Dahisar have posted over 20% price appreciation. Mumbai has seen stabilization in property prices on account of un-sold inventory and delay in new project approvals. Areas in Thane andNavi Mumbai are finding favor among the investors who want to invest in sub 10,000 psf properties with the promise of high returns


New Delhi: A total of 11 areas from Delhi NCR feature in the research. It seems the city has been able to hold on to the momentum inspite of the overall fall in property transaction in the past year. Most of the high growth areas are in the NCR region of Noida, Greater Noida, Ghaziabad and Gurgaon. Prominent areas in the top 50 list include Techzone – 4, Pari Chowk, Noida Expressway in Greater Noida; Sector-46,Sector-120, Sector-110 in Noida;Sector 54 and Sector 73 in Gurgaon. All these have appreciated by between the range of 45% to 21% in the past one year essentially because of infrastructure development, connectivity and lower base price. Rohini in North Delhi is the only locality that is in main city of Delhi and has featured in the top 50 investment list, the area has given 11% price appreciation. Areas in Delhi NCR that have given the best returns to the investors are Sector 46 Noida, Sector 54 and 73 in Gurgoan. Property prices in these areas have appreciated in the range of 35-45%.

Pune: The top areas that have appreciated the most in Pune are Ambegaon, Bibewadi, Chinchwad. These areas have shown an appreciation ranging from 22-26% over a period of one year. Pune has seen a continuous influx of IT companies and the city is emerging as a viable option for investors from Mumbai. This trend is likely to continue for the next few years.

Bangalore: Bangalore has 7 area which are featured in top 50 investment list of which RMV in Bangalore North, Rajarajeshwari Nagar from Bangalore West, HAL Layout from Bangalore East, are the 3 areas in Bangalore that have given the best price appreciation. Property prices here have appreciated by between 7-21% in past one year. The ongoing metro corridor is casting a positive rub off on some of the nearby areas which might have caused favorable sentiments.

Ahmedabad: Prahlad Nagar and Satellite Road from Ahmedabad West and Gandhi Nagar from Ahmedabad Central are the 3 areas in Ahmedabad that feature among the top 50 list. The city’s localities have shown an increase in prices in the 11-16% range

Chennai: Porur in Chennai West and Pallavaram, and Thoraipakkam in Chennai South are also featured among the top 50 list. Property prices in these region have appreciated between 11-28%. The top investment locality of Chennai is Thoraipakkam which has shown 28% appreciation.

Others: Kondapur from Hyderabad, Garia and Tollygunge localities from Kolkataare other areas that have made it to the top 50 most investor friendly areas in India. These areas have given an appreciation between 8-11%

Commenting on the research, Aditya Verma CEO of Makaan.com said “Over the past 12 months property prices in India have moved in a narrow range with a slight negative bias. Just like one can identify good stocks in a depressed stock market, one can identify good investment areas in the current property market. Overall property prices in India are likely to remain stable over the next 12 months. Investors can take advantage of this situation and strike a good bargain”

Source : Makaan.com

Boom in Noida: Preferred Destination for New Realty Projects

In the last one year, investors of realty project had shifted to destinations outside India because of the strict control on policies. These policies had almost crippled the real estate market of a destination like Noida. However, with the new government in power, these investors are again coming back with hopes of establishing dream projects here. It is expected that the luxury segment of Delhi NCR will get a big boost with the development of many new projects.

Special Focus on Real Estate Development:

The arrival of new government and the allocation of more funds for affordable housing have enabled builders and investors to give special emphasis on real estate developments in India, and especially in a destination like Noida. However, the question that naturally comes in mind is why Noida. Well, land is one of the most important prerequisite for any project development. Noida has lots of open lands that attract the realtors to a great extent. It is because of this reason that this city has a mature real estate market.


The Need for Expansion:

It is said Noida: preferred destination for Upcoming Projects in Greater Noida, and this is mainly because of the fact that the national capital region needs expansion on a bigger scale. There is need for the development of more housing projects. In fact, the growing population has added lots of pressure to the realty sector. Moreover, the development of Noida Expressway has also made the destination attractive for good investment value. New home buyers and investors are selecting this region because property prices in other regions have already risen to a great extent.

Real estate in Greater noida is also blooming with very high rate as estimated. However, the metro is not available in greater noida but the project for metro in greater noida has already approved and we will see metro in greater noida too, considering this many real estate companies are also targeting greater noida.


Catering To Different Segments:

Noida: preferred destination for new realty projects is also because of the fact that it caters to the requirements of different segments at any given point of time. The growth of infrastructure in this region is the primary reason for immense development in this region. Apart from that, there are many projects of Top Real Estate Companies in Delhi NCR in the pipeline due to which the realty market is driven by storm. In addition to that, the extension of Noida city centre will also give direct connectivity to Delhi and other NCR areas.