India’s top residential hotspots revealed

The real estate sector in India continues to attract investors despite the health of the economy. Mumbai, Delhi, Bengaluru, Chennai and Pune emerged as the top five cities for major real estate investments in the country, according to the Investment Advisory Report November 2012 released by Knight Frank, a real estate advisory firm.
The report identifies the top residential destinations in the country from the investment point of view over the next five years. The report also states that with property options ranging from Rs. 3,200/sq.ft. to Rs.15,000/sq.ft. and investor returns in the range of 18.6% – 29% pa residential real estate will emerge as a promising asset class for the next five years.

India’s major residential destinations

Ulwe is a residential market located in Mumbai. Although the area sees the social infrastructure as a concern, the report says that Ulwe will benefit on account of the corollary commercial activity arising from the upcoming international airport and the SEZ land. Of the 6,606 residential units launched in Ulwe 4,805 units are sold since 2009.
Investor returns per annum: 29.0%
Forecasted Price Appreciation: 145%
The price per sq.ft. for 2012: Rs. 4000
The price forecast per sq.ft. for 2017: Rs. 9800
The price forecast per sq.ft. for 2017: Rs. 35,000

India’s major residential destinations
Wadala is a niche residential market in the Central zone of Mumbai. The report states that Wadala has the potential to provide a lifestyle shift, which is possible in projects developed on large land parcels that facilitate high rise premium developments with plush amenities. Of the 1,871 residential units launched in Wadala since 2007, 1,387 units were launched in 2011 alone.
Investor returns per annum: 27.0%
Forecasted Price Appreciation: 133%
The price per sq.ft. for 2012: Rs. 15,000

India’s major residential destinations

Chembur is one of the most sought after residential catchment in Mumbai. The report states that on the account of its strategic location in the city, the overall growth of employment in the city will drive the residential market of Chembur. Of the 3,518 residential units launched in Chembur, 2,625 units are sold since 2007.
Investor returns per annum: 25.5%
Forecasted Price Appreciation: 125%
The price per sq.ft. for 2012: Rs. 12,000
The price forecast per sq.ft. for 2017: Rs. 27,000

India’s major residential destinations
Noida Extension is a part of Greater Noida and is known as Noida extension because of its proximity with the Noida City Centre. Prices in Noida Extension are expected to increase to Rs. 6,760 per sq.ft. from the current levels of Rs. 3,200 per sq.ft. Over 80,000 residential units are launched in Noida Extension since 2010.
Investor returns per annum: 22.9%
Forecasted Price Appreciation: 111%
The price per sq.ft. for 2012: Rs. 3,200
The price forecast per sq.ft. for 2017: Rs. 6,760

India’s major residential destinations
Dwarka Expressway: A new residential belt has emerged along the upcoming Dwarka Expressway and once completed the Expressway will enhance the connectivity between Delhi and Gurgaon. The report states that 18,649 residential units launched in the micro-markets along the Dwarka Expressway since 2007.
Investor returns per annum: 22.3%
Forecasted Price Appreciation: 108%
The price per sq.ft for 2012: Rs. 4,900
The price forecast per sq.ft for 2017: Rs. 10,200

India’s major residential destinations
Medavakkam is an area in Chennai which is expected to be a popular residential hub in the future. The report states that Medavakkam has witnessed the launch of 5,707units since 2007, of which 4,147 units have been absorbed till Q3 2012 and forecast prices in Medavakkam to increase by 103% from 2012 to 2017.
Investor returns per annum: 21.2%
Forecasted Price Appreciation: 103%
The price per sq.ft. for 2012: Rs. 3,800
The price forecast per sq.ft. for 2017: Rs. 7,700

India’s major residential destinationsHinjewadi: The residential properties in and around Hinjewadi is the most sought after residential location in Pune. It is a mostly the hub of the IT/ITes employees who prefer to walk to work because of the proximity to their office space. The report states that 15,070 units have been launched since 2007, of which 11,466 have been absorbed till Q3 2012.
Investor returns per annum: 20.6%
Forecasted Price Appreciation: 100%
The price per sq.ft. for 2012: Rs. 4,000
The price forecast per sq.ft. for 2017: Rs. 8,000

India’s major residential destinations
Ravet is a residential destination located on the Eastern side of the Mumbai-Pune Bypass road which is expected to benefit from the growth in employment in Hinjewadi. The report states that residential activities in Ravet started post 2010 and a total of 1,744units has been launched since then.
Investor returns per annum: 20.1%
Forecasted Price Appreciation: 97%
The price per sq.ft. for 2012: Rs. 3,950
The price forecast per sq.ft. for 2017: Rs. 7,800


Tathawade is considered to be an extension of Wakad, Pune with only four kilometers separating them. The report states that of the 1,415 units launched since 2010, 1,038 units have been absorbed till Q3 2012.
Investor returns per annum: 20.0%
Forecasted Price Appreciation: 98%
The price per sq.ft. for 2012: Rs. 4,300
The price forecast per sq.ft. for 2017: Rs. 8,500

India’s major residential destinations

Hebbal is located in the Northern region of Bangalore and is expected to be one of the most promising residential hotspots in the city. Hebbal gained importance as a destination with the establishment of Bengaluru International Airport which is about 30 kilometers away. The report states that 721 units launched and 233 units absorbed in last 21 months in Hebbal.
Investor returns per annum: 19.3%
Forecasted Price Appreciation: 94%
The price per sq.ft. for 2012: Rs. 4,250
The price forecast per sq.ft.for 2017: Rs. 8,230

India’s major residential destinations
Pallikarnai is considered to be a major employee residential hub in South Chennai. With the upcoming Vandalur-Velachery Monorail project, the area is expected to be one of the most promising residential destinations in the city. Pallikarnai has witnessed the launch of 1,684 units since 2007, of which 1,382 units have been absorbed till Q3 2012.
Investor returns per annum: 19.1%
Forecasted Price Appreciation: 93%
The price per sq.ft. for 2012: Rs. 4,200
The price forecast per sq.ft. for 2017: Rs. 8,100

India’s major residential destinations
Wakad is now one of the residential hotspots in Pune because of its proximity to the Rajiv Gandhi Infotech Park which houses many IT professionals. The report states that from 2007 till Q3 2012, a total of 15,570 units has been launched of which12,864 units have been absorbed in Wakad.
Investor returns per annum: 18.7%
Forecasted Price Appreciation: 91%
The price per sq.ft. for 2012: Rs. 4,500
The price forecast per sq.ft. for 2017: Rs. 8,60

India’s major residential destinations
KR Puram: As one of the upcoming residential hotspots, KR Puram is located in Eastern region of Bangalore. KR Puram and Hebbal are two destinations that are expected to provide the highest appreciation in the Bangalore market. The report states that 6,095 units launched in KR Puram since 2007, of which 42% launched in last 33 months.
Investor returns per annum: 18.6%
Forecasted Price Appreciation: 91%
The price per sq.ft. for 2012: Rs. 3,240
The price forecast per sq.ft. for 2017: Rs. 6,200

Courtesy: http://in.finance.yahoo.com

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