There are many cities emerging in India as hotter destinations for property investment. We have listed them according to the amount of returns they assure.
Property investment is one of the best options of investment in India as they provide better returns to the investors. However before we decide to have Property investment it is highly advisable to know the hot destinations which will offer you comparatively higher returns.
Property investment in the Mumbai Metropolitan Region will be better if you invest in Chembur, Ulwe and Wadala. These are the top- three hot emerging cities in the Metropolitan region. Improved infrastructure and job-generation capacity make these areas the most suitable investment options.
In the National Capital Region (NCR) Noida Extension and the corridors on the Noida-Greater Noida Expressway and Yamuna Expressway are the top destinations. They are noted for increasing price appreciation.
There are two better options of property investment in Bangalore. They are Hebbal and KR Puram. Hebbal is highly sought after as it is close to Bengaluru International Airport. Besides it is close to many other IT and ITeS hubs. On the other hand, KR Puram is noted for its closeness to Manyata Tech Park and many other IT hubs in Whitefield. Both these areas provide better connectivity too.
With four top destinations, Pune is another hot city. The outskirts of the city such as Hinjewadi, Ravet, Tathawade and Wakad are the most sought after and favorite home destinations in the city. These areas; strategically located on the Mumbai-Pune Bypass Road, holds better connectivity to many industrial and commercial hubs in West Pune.
There are two promising destinations; viz. Medavakkam and Pallikaranai, in Chennai. They respectively offer 103% and 93% price appreciation to the investors. Further proposed Vandalur-Velachery Monorail Project is expected to make Pallikaranai more popular.
Besides all, the area provides vast job opportunities as well. On the other hand, Medavakkam’s proximity to the International Airport makes it a well-sought after home destination in Chennai. Coimbatore is another hot destination in Chennai.
Apart from all the above said destinations; Gorwa (Vadodara), Vaishali Nagar (Jaipur), Vytilla (Kochi), Dwarakanagar (Visakhapatnam), etc. are some other good options for property investment. Hyderabad also is one of the main destinations for the investors.