Mumbai is becoming more costlier, i have heard lodha has recently lunched lakeshore greens india's finest city near mumbai. i saw a virtual tour on http://lodha-palava.com website. its seem to be a nice place to live in future or can invest in the same.
Well Nandu,
Prahlad Nagar and Satellite Road from Ahmedabad West and Gandhi Nagar from Ahmedabad Central are the 3 areas in Ahmedabad that feature among the top 50 list. The city's localities have shown an increase in prices in the 11-16%.
Hey all, I am from Chennai and wanted to know the real estate market of Chennai which are the areas featured among the top 50 list? How much is the property price appreciation has seen in the locality last year?
Hi Ananth, Porur in Chennai West and Pallavaram, and Thoraipakkam in Chennai South are also featured among the top 50 list. Property prices in these region have appreciated between 11-28% last year. The top investment locality of Chennai is Thoraipakkam which has shown 28% appreciation in 2014.
Well Vatsa,
The top areas that have appreciated the most in Pune are Ambegaon, Bibewadi, Chinchwad. These areas have shown an appreciation ranging from 22-26% over a period of one year. Pune has seen a continuous trend of IT companies and the city is emerging as a viable option for investors from Mumbai.
And in Delhi/NCR, most of the high growth areas are in the NCR region of Noida, Greater Noida, Ghaziabad and Gurgaon. Famous areas in the top 50 list include Techzone - 4, Pari Chowk, Noida Expressway in Greater Noida; Sector-46, Sector-120, Sector-110 in Noida; Sector-54 and Sector-73 in Gurgaon.
@Bhuvan, It seems to me that the city has been able to hold on to the momentum inspite of the overall fall in property transaction in the past year. All these have appreciated by between the range of 20% to 45% in the past one year essentially because of infrastructure development, connectivity and lower base price.
Right Jay, Areas in Delhi NCR that have given the best returns to the investors are Sector-46 Noida, Sector-54 and 73 in Gurgoan. Property prices in these areas have appreciated in the range of 35-45%. Rohini in North Delhi is the only locality that is in main city of Delhi and has featured in the top 50 investment list, the area has given 11% price appreciation.
Hi Abhinands, The research was conducted to help the investor community identify & shortlist areas that hold the promise of good returns based on their past performance. The research also gave property recommendation for people falling under different income brackets.
Right Devika, Chembur East in Mumbai Central Line, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai Andheri-Dahisar have posted over 20% price appreciation. Mumbai has seen stabilization in property prices on account of un-sold inventory and delay in new project approvals. Areas in Thane and Navi Mumbai are finding favor among the investors who want to invest in sub 10000/sq-ft properties with the promise of high returns.
Hi Devika, Do you have any updates of Kolkata Realty market? Which are the area emerging in terms of real estate? How much appreciation one can expect in yearly basis?
Hi Bipin,
Garia and Tollygunge localities from Kolkata are other areas that have made it to the top 50 most investor friendly areas in India. These areas have given an appreciation between 8-11%