India's top 5 Attractive Property Investment Hotspots In 2014
07-28-2014
By SiliconIndia
Bangalore : The real estate sector in India attracts continuously despite the health of the economy. When investors are thinking about property investment they do not limit themselves by boundaries. Real estate investors in India will think all over the country for good investment opportunity. While India is a popular and best investment choice, Let us learn about the five attractive property investment Hotspots in 2014. In 2014 the Indian property market presents huge investment opportunities for individuals. In earlier times, most of the people purchase property for accommodation but now it became as an investment option for life time. In spite of the present economic conditions, property investment in India will never lose its sheen.
Mumbai & Navi Mumbai:
Being as a financial capital, Mumbai is the most popular and attractive property investment Hotspot in India. Mumbai is the second most populous metropolitan city in the country. Places like Navi Mumbai, Thane, Chembur, Wadala, Bhiwandi, Charkop and Kalyan are few promising property investment destinations in Mumbai - India. It is one of the wealthiest cities in India. The significant growth, proximity to strategic locations, proposed infrastructure helped Mumbai to be as a hotspot for Real estate in India.Navi Mumbai is a township of Mumbai in the west coasts of the state of Maharashtra which was developed in 1972. The properties in the Navi Mumbai are like hotcakes where the investors and Buyers are waiting for a piece of it and the demand of the property is pushing the prices to go upward. The property rates are being increased to 10 times more than when the satellite township got pose in Mumbai city. Besides, areas like Kharghar, Panvel, Palm Beach Road, Ulwe, Kalamboli and Kharghar are emerging as most attractive property destinations in Mumbai. Navi Mumbai is witnessing high demand due to its infrastructure and connectivity.
Pune : Information technology has proved in Pune to be the most important lodestone for boosting real estate demand in India. The higher and massive purchasing power was evolved from IT/ITes sector in this city. In Pune kalyani Nagar, Aundh, Wakad, Baner, Wagholi, Charoli, Pimple Nilakh, Pimple saudagar, Rahatani and Viman Nagar has emerged as top most real estate hotspot destination in Pune. In this Viman Nagar is the prime location, its strategic location and proximity to the Airport, employment hubs, Railway station and close connections to ideal destinations has been the major factor to be as Hotspot. Due to its proximity to major commercial hubs, the area enjoys a good peripheral availability of the social Infrastructure.
For today's home seeker, the Viman Nagar is an expected treasure trove of attractions. Most of the reputed builders have at least one residential project in this hotspot area. The new residential project launches had sprung up in the area, due to that the property prices has witnessed a sharp increase. With the highflying popularity of the location, the government has accepted to develop more civic infrastructure in this location.
Delhi-NCR: Noida Extension and Dwaraka Expressway are the most promising property investment Hotspot in Delhi NCR (Capital city of India). According to Aniruddh Wahal, Occupier services, Co-head, DTZ India, report Business - Delhi is the most appealing place in NCR for reasonable housing and estimated to witness yearly expansion of 15 to 20% by the coming period. Noida Extension has emerged as a top residential investment destination. The property prices are likely to soar 111 percent during 2012-17 and housing prices per sq ft are expected to shoot up to 
6760 from 3200. Since 2010, the Noida extension witnessed more than 80,000 residential units. This area is a piece of Noida and the name Noida Extension came in to rule because of the proximity to the city center.
Dwaraka Expressway is expected to be improved connectivity between Gurgaon and Delhi NCR, which can turn out as a good property investment in both Residential and commercial units. According to the report, Dwaraka Express way stretch has witnessed a launch of new residential units around 12,649. Due to the geographic proximity to the neighbor cities like Gurgaon, Noida, Ghaziabad, Sonepat, Panipat, Karnal, New Delhi has amplifies the importance of Residential units.
Bangalore: In Bangalore, White field is one of the attractive Property investments Hotspot in 2014. Whitefield is the eastern suburb IT hub of Bangalore. This area is the most preferred IT and Residential suburb in Bangalore. Generally, a residential suburb - Whitefield witnessed a fast growth with the foray of IT sector. EPIP (Export Promotion Industrial Park) has changed the skyline of Whitefield over last few decades. Good connectivity and availability of social infrastructure engrossed overall improvement of Whitefield as IT companies looking for large volume of space opened their companies. In addition to that, many reputed developers launched residential projects, five star Hotels, Malls, Restaurants, Markets in this sub market. Bangalore was the most popular with 24.35 percent preferring location to invest in residential properties there in coming years.
Whitefield has property/land available for further development. Improved connectivity and other good infrastructural benefits will keep the demand stable for both commercial and Residential markets. Mainly, this will drive retail demand. The Residential new launches are expected to increase catering to the growing demand from IT/ITES/BPO?s with increase in office spaces in Whitefield. White field has witnessed a strong demand for investment due to the rising mid income and upper mid income population. The property prices are expected to increase even further with a rise in the demand from investors.
Chennai - Southern Suburbs:The southern suburb of Chennai covers major corridors along with Great Southern Trunk (GST Road), OMR (Old Mahabalipuram Road) and ECR (East Coast Road) has been witnessing a fast growth over the recent years. The improvement of the IT/ITES sector has paved away for overall development of these confines as it witnessed the development of large scale residential townships from both national and local realtors. The key vicinities in these are namely Pallikarani, Medavakkam, Chrompet, Tambaram, Thoraipakkam and Sholinganallur. The suburbs witnesses demand from IT/ITes employees as it comprises of major Roads where most IT related developments are concentrated. Many major national and local developers are developing townships in the southern suburbs of Chennai. There are large tracts of land/property available for developments in this submarket like Hiranandanis Upscale, Arun Excellos Estancia, Embassy Residency, DLF Garden City, Olympia Opaline and many more.
The submarket is well connected by OMR, GST and ECR to the city. This improvement of connectivity to the city location and infrastructure projects are likely to drive the property investment values in Chennai. The locations like Keelkattalai, Pallikarani, Medavakkam, Chitlapakkam, Selaiyur and other neighboring locations are expected to see the rapid growth in the coming years.