Top Residential Destinations in India from an Investment Point of View by 2020

blog12may

Real Estate prices in India had been on a downfall for a considerable time now. This gives opportunity to a large number of people who are looking out to invest in it. A recent report published by Knight Frank India, clearly shows that even in this downturn there are silver linings for residential real estate investment.

The report identifies the top residential destinations in India from an investment point of view for the next five years [2016 – 2020]. Below we bring you ten places in India, which are current hotbed for investing. Read and decide if you’re ready to take the plunge.

Madh–Marve (Mumbai): Madh–Marve is identified as the top destination, with an expected price appreciation of 94% by 2020, thereby emerging as a promising asset class for the next five years. Upcoming Versova–Madh sea bridge and planned Coastal Road are some of the key drivers.

Ulwe (Mumbai): Ulwe is expected to offer a 70% price appreciation by 2020. Incremental employment in Navi Mumbai and Thane, upcoming Seawoods–Uran suburban train network and Navi Mumbai International Airport are some of the key drivers.

New Airport Road, Viman Nagar (Pune): New Airport Road in Viman Nagar is to witness a price appreciation of 63% by 2020. Access to employment hubs of Yerwada, Airport Road, Kalyani Nagar and Viman Nagar, upcoming BRT system and Planned metro rail are some of the key drivers.

Panathur–Varthur (Bengaluru): East Bengaluru emerges as the top residential market, with Panathur–Varthur expecting a price appreciation of 61% by 2020. Proximity to employment hubs in Whitefield and ORR, Metro rail connectivity at Kundanhalli and access to Peripheral Ring Road are some of the key drivers.

Majiwada–Kasarvadavali (Mumbai): Majiwada–Kasarvadavali is expected to see an appreciation of 59% by 2020. Job creation in Thane and Navi Mumbai and upcoming Kasarvadavali – Wadala metro rail are some of the key drivers.

Vishrantwadi (Pune): Visharantwadi, in the east, is expected to see a price appreciation of 56% by 2020. Access to employment hubs of Yerwada, Airport Road, Kalyani Nagar and Viman Nagar, upcoming BRT system and Planned metro rail are some of the key drivers.

Thanisandra (Bengaluru): Thanisandra, in north Bengaluru, emerges as the top destination, with an expected price appreciation of 55% in the next five years. Access to employment hubs and physical & Social Infrastructure are some of the key drivers.

New Gurgaon (sectors 81–95): New Gurgaon has emerged as another potential destination, with the expectation of a price appreciation of 47%. Better connectivity to well established commercial corridors of Sohna Road, DLF Cyber City and Golf Course Extension are the key drivers.

Guindy–Alandur cluster (Chennai): Guindy–Alandur cluster in Chennai is expected to offer a 45% price appreciation by 2020.

Golf Course Extension (Gurgaon): Golf Course Extension Road is expected to witness a price appreciation of 42% by 2020. Physical & Social Infrastructure, Enhanced connectivity and Strong supply of incremental office space are some of the key drivers.

Click to read the complete Residential Investment Advisory Report from Knight Frank.

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