Experts believe that the realty market of India can be a promising destination for investors.
If you are planning to own a house this year, one that fits your pocket and holds a great scope for price appreciation; check out our list of top 3 real estate destinations in India where one could buy property for investment or end usage purposes. Happykeys identified these realty hubs based on connectivity and infrastructure, integrated model township, proximity to commercial hub and relatively affordable prices. These hotspots are ranked based on the high livability index and number of available inventories –
- South of Gurugram (Sohna), NCR
South of Gurugram is fast emerging as a prime residential location. According to a report by Cushman & Wakefield – the areas of south Gurugram such as Sohna have shown promising improvement on many key livability parameters.
Happykeys micro-market report reveals that the locality has potential for future urbanisation. The report is based on assessment of key parameters such as existing and potential connectivity with emerging commercial hub, health care infrastructures and educational facilities, rail and road connectivity etc.
Gitamber Anand, President, CREDAI says, “Sohnais an upcoming location with great potential for the future. We are looking at it very keenly especially to see the support the government initiatives are providing to this location. We are seeing definite interest from end users and investors for the currently underway projects.”
Major factors favouring Sohna:-
- Excellent connectivity
- Integrated model township (as per new city master plan)
- Rail Corridor along Kundali-Manesar-Palwal Expressway
- Mumbai – Delhi corridor
- Horamavu, Bengaluru
Horamavu is strategically located centrally between Whitefield and Manyata Tech Park. And these two suburb areas cater major chunk of young IT professionals. Horamavu- the sub-city of Bengaluru has become an important realty market of India.
According to R. Rohit who runs a property brokerage service in Chikkanna Line, Horamavu, “Strong connectivity with the rest of the city and even suburb areas make Horamavu a preferred choice of investment for many. The locality is surrounded by KR Puram, Hebbal, Ramamurthy Nagar, Banaswadi and Kalyan Nagar. The area is witnessing massive construction that leads to creation of affordable homes. In and around commercial area pushing the demand for homes in the locality. The locality is well connected through Outer Ring Road (ORR) and Commercial Street such as MG Road. It is also in proximity to HAL Airport. It is also known for housing IT giants and multinational companies, thus, witnessing a rising demand for real estate from professionals working in and around”.
Major factors favouring Horamavu:-
- Close to ORR
- IT hubs at Whitefield
- Magadi Road, Bengaluru
Located towards west of Bengaluru, Magadi is another location that has a huge potential in terms of real estate development. The popularity of this location is largely based on its smooth connectivity and easy access to Bengaluru airport.
Magadi is located at a distance of 42 km from the Bengaluru East Railway Station. The International Airport- Kempegowda is 80 kilometres away via National Highway 07.
The real estate market of Magadi is driven by its proximity with the BengaluruAirport. The flat built-up area in Magadi ranges from 1,200 – 2,400 sq. ft.
Major factors favouring Magadi:
- Good connectivity via Nice Road
- Outer Ring Road make easy access to other parts of the city