Having good knowledge of real estate is always important. The property rates rise up and fall down. You must be aware of the current trends and the hot properties. Where to invest and which area has maximum profit should be analyzed properly. A survey by Makaan.com was conducted to find out the top 50 real estate destinations of 2015 in India. Here is the list of top 5 amongst them:
Mumbai has always been the hot favorite in real estate market. Fourteen areas from Mumbai feature in the list of top 50. Over 20% price hike is seen in areas like Chembur, Bandra, Vile Parle, Goregaon, Andheri and Dahisar. Stabilization in property prices in Mumbai is seen on account of unsold inventory and delay in the approval of new projects. Navi Mumbai and Thane are also gaining importance with people who want to invest in sub 10,000 psf properties with the guarantee of higher returns.
2. New Delhi:
Eleven areas from the capital city of India are featured in this list. Gurgaon, Noida, Greater Noida and Ghaziabad are some of the high growth areas in NCR. All these areas have appreciated between the range of 21% to 45% in the past year due to the development of infrastructure, connectivity and lower base price. The areas in Delhi NCR that show the best returns on investment are Sector 54 and 73 in Gurgoan and Sector 46 Noida. The price of property in these areas has increased in the range of 35-45%.
Chinchwad, Bibewadi, and Ambegaon are the top areas that have appreciated the most in Pune. Appreciation ranging from 22-26% is witnessed in these areas over a period of one year. The city is one of the IT hubs of the country and thus the best option to invest. This trend will continue for few more years.
Seven areas from Bangalore have featured in the list of top 50 investment destinations. RMV in Bangalore (N), HAL Layout from Bangalore (E) and Rajarajeshwari Nagar from Bangalore (W) are the top three areas that have shown the best price appreciation. The Bangalore property prices here have appreciated between 7-21%. The ongoing metro corridor is also favoring the price hike.
The top three areas from Ahmedabad that feature in this list are Prahlad Nagar, Satellite Road both from Ahmedabad (W) and Gandhi Nagar from Ahmedabad (C). The city has witnessed an appreciation in the range of 11-16%.
Pallavaram and Thoraipakkam in South Chennai and Porur in West Chennai have featured in the top 50 list. These regions have seen appreciation between 11-28%. Thoraipakkam is the top investment locality in Chennai with 28% appreciation.
Courtesy :Real Estate News and Trends in India
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