Although the Indian real estate market is swaggering a bit and wilting under the weight of slow economic growth, there are some cities which are still a bright prospect from investment point of view. To look at the brighter side of the present real estate scenario, the prices are low and the builders and small investors are getting jittery, wanting to sell off their properties at a discounted price, which makes this the best time to invest. It is a buyer’s market and the investor should make ample use of the opportunity.
While investing in a property one should see the future prospects of growth of the area as growth in future means appreciation in price. Future growth can be forecasted with the help of factors like pro active governmental policies, rise in employment opportunities like declaration of SEZ’s, proposed highways, developments like schools, hospitals, rail links, airports etc.
While investing in a property one should see the future prospects of growth of the area as growth in future means appreciation in price. Future growth can be forecasted with the help of factors like pro active governmental policies, rise in employment opportunities like declaration of SEZ’s, proposed highways, developments like schools, hospitals, rail links, airports etc.
Some of the top investment destinations keeping in mind the future acceleration are
Vashi, Navi Mumbai – With proximity to the mega polis of Mumbai and great connectivity, Vashi has to be among the top 5 cities in India to buy property. The city has an international airport coming in the vicinity and the IT SEZ area which has boosted the land value in Navi Mumbai still working in its favor. The growth has been tremendous in the past two years and it is sure to keep the trend. With prices relatively cheap, Vashi is one of the best bets on property in western India.
Cochin, Kerala – Alwaye, the next door neighbor of the prosperous Kochi or Cochin, is one of the hottest destinations down south. With a proposed metro rail link coming up and proximity to the International Airport, the prices are sure to boom. And with money coming from the NRI’s sitting in UAE, the market here is looking bright.
Raichak, Kolkata – The Kolkata real estate dream run is being fuelled by the IT boom. Promoting the Ganges area on the lines of the French Riviera, Raichak is a great destination, which is bound to explode into the real estate market. NRI investors have already started showing interest in this planned city and the prices are starting to look up. Just the right time to invest.
Jodhpur, Rajasthan – Fuelled by the huge petroleum industries and refineries which are being set up in the vicinity, this Sun City is fast emerging as a cosmopolitan place. With the employment opportunities rising and a sea of migration taking place of manpower working in these refineries, the demand for housing is rising by the day. A great time to invest in a growing city.
Hinjawadi, Pune – Being touted as the next best destination to invest, the Hinjawadi Ravet industrial belt on the Mumbai Pune expressway is a sure shot bet as far as investing in an upcoming area is concerned. Pune has already been declared one of the best investment destinations, both, from the view point of end user and investor. The growth is expected to touch around 20% per annum mark for the next 5 years, which is staggering keeping in mind the slow growth in real estate all over the country.
Keeping in mind the reasons why these cities are on a high and touted as among the best destinations to invest, investors should look for other cities near their present stays to invest. Even small investors can choose nearby destinations where development is projected and invest to make some money. One thing which has to be kept in mind though is that the days of instant money are almost over. One should be a little patient with his investments and see them grow.
0 comments:
Post a Comment