Top 5 investment hotspots in India When you put your money in real estate, you genuinely want your money to grow. Depending on your identity - whether an end-user or an investor - where in India should you invest for rental returns or capital appreciation? Check for five factors before you invest- -Connectivity -Social infrastructure - Development - Legality - Growth potential As per PropIndex (Oct-Dec 2014), the India Apartment Index by Magicbricks, Mumbai, Bengaluru, Pune, New Delhi and Hyderabad are the preferred cities for investment. Primary determinant is job opportunities. Mumbai Mumbai defines not just Dalal Street or Bollywood, but is the nerve centre of finance, films and FMCG, the city is the centre of economics. More and more prospective buyers bank on Mumbai as an investment destination for the same reason. There is scope for sizeable rental returns - from Rs 18,000-50,000 per month depending upon the location! Bengaluru Think IT and the Silicon Valley of India comes to mind. The city attracts the tech-crowd from all parts of the country. Mahesh Gopalan, an individual consultant at PropIndia says, “Bengaluru has the credit of being the most favourable South Indian city in terms of cosmopolitan culture, new jobs, investment and businesses as well as progress with respect to industry and infrastructure. Young buyers who would have spent all their life in some city in the North willingly choose to invest in Bengaluru.” Pune For many Mumbaikars looking for an alternative yet lucrative option, Pune springs up as a favourable realty destination. Not only have new corridors of growth been identified, this IT city is growing in terms of other industries such as manufacturing and BFSI. Therefore, Pune undoubtedly is promising in terms of future growth potential. Delhi NCR Talking about supply stock, most buyers are heading towards Noida and Gurgaon for real estate investment. Reason? Both areas have extended Delhi by a few kilometres on either side. Divy Kothari of NCR Properties says, “Both have a cosmo-culture. Prices in Noida are considerably lower than the existing prices in Delhi and the new stock appeals to even the migrant employees. New investments in the field of IT and education and plans around a new airport would trigger further investments. Hyderabad Swear by affordability? By far the most affordable real estate markets, Hyderabad’s IT/ITeS, automobile and the manufacturing corridors make the city promising. Additionally, familiarity of the local crowd with Hindi is something most non-natives appreciate. Sathyan Sumughan of Swayam Naad Properties says, “For engineering graduates and tech aspirants from Hyderabad, Bengaluru and even abroad, Hyderabad is a sought-after city. There are many small investors who go in for plotted development. Rational pricing has kept investments alive. Infrastructural developments such as the Hyderabad Metro have further opened up the peripheral growth corridors.”
Posted on: Mon, 19 Jan 2015 11:22:15 +0000
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