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1. TOP LUXURY REAL ESTATE MARKETS IN INDIA
The real estate market in the country continues to remain upbeat & optimistic despite confusion
that remains on whether or not we are witnessing an overall economic downturn. Infrastructure
concerns have eroded some of the sheen of the real estate sector but housing continues to be
one of the big engines of growth with both jobs & demand for commodities on the higher end
of the spectrum. In view of the continued bullish trend, it is obvious some destinations in the
country continue to score high on real estate investment indices. The current top five real
estate destinations in India can be enumerated as below:
1. Mumbai: The financial capital of India is the number one destination for realtors and
consumers alike. The demand is high, supply consistent and the appetite for growth on
the bullish side. The Madh–Marve area in Mumbai according to a study is expected to
bring in a price appreciation of 94% by 2020. Other top destinations include Versova,
Ulwe, Majiwada and others.
2. Bengaluru: Public infrastructure continues to be a bane for real estate investors in
Bengaluru, however the demand for housing is unprecedented in the city. The startup
culture continues to make the city more cosmopolitan and the demand for housing
remains high. East & North Bengaluru corridors are high on demand and there are a
plethora of projects that have sprung up in the recent past.
3. Pune: Slowly and surely out of Mumbai’s shadow, Pune is now emerging as the next
hotshot destination for both investors and residents. With a slew of new ventures and
attractive prices, the city is seen a huge surge in real estate demand. The new airport
road area and Visharantwadi will be the areas to look at in the days to come.
4. Gurgaon: Like Bangalore, the infrastructure worries continue to haunt Gurgaon but the
demand for housing is unabated. As newer projects take off and the economies
continues on the higher trajectory Gurgaon leads the demand side hands down. There is
a continuous stream of supply with the biggest names in real estate development
making a bee line for ushering in newer projects.
5. Hyderabad: Jostling with Bangalore for the tag of the startup capital of India, Hyderabad
is back on the hot real estate destinations chart once again. The dogma of the political
unrest now firmly behind, the city is a hot destination for the premium housing segment
in the affordable price range. Good infrastructure, stable political climate and prices yet
to rocket high make it a top destination for home buyers!