For most traditional Indians equity and debt investments are way too tricky. Gold as an investment often appeals to many but the proportion of such investors to those that hold real estate as the big ‘solid’ way to invest is still small. Have surplus currency to park somewhere? Here’s what you must know about surfacing realty hotspots:
Dwarka Expressway, NCR
Considering a true taste of Delhi and Gurgaon? While new stock in Delhi is by far few and limited, areas around Gurgaon are faring well atleast in terms of demand and supply. The area pitches itself as being closest to the economic hubs of Sohna, Cyber City and Golf Course Road. Even the peripheral job hub of Manesar is a decisive factor that governs the property market here. The neighbourhood is cosmopolitan and the mix of properties whether ready-to-move or under construction, is in the range of Rs 5,000-12,000 per sq ft. What is the appreciation like? Let’s have a look at some data here. In a short time, the upper limit grew from Rs 3,500 to 12,000 per sq ft!
Keep an eye on the last leg of construction of the expressway. The remaining 4 km of the 18 km long expressway on completion would boost values like never before. After all, the international airport, proximity to the upcoming diplomatic enclave, upcoming metro network, giant realty players and the much acclaimed cosmo-culture that abounds herein in itself indicate why you should rest your money here.
The name in itself is a buzz. The heart of Kolkata’s IT/ITes, close to Sector V, is a pin-code you would desire. Trend watchers say that for most new-gen buyers, this area crops up as a planned township. You also get the old Calcutta feel. Kolkata as such extends the comfort of a rationally priced market in the range of Rs 2,500-5,500 per sq ft. Some of the well known developers are coming up with projects that define luxury in terms of amenities, neighbourhood and exclusivity.
While much of the older premium localities like Ballygunje and Alipore boast traditional richness, young buyers are speedily heading towards Rajarhat. The upcoming metro might just be an additional boost. Mind that as of now, due to simultaneous constructions, the area might look dusty and haphazard. Stay invested for atleast five years to reap gains.
Ghodbunder Road, Thane
Realty prices are sky-rocketing in Mumbai. It’s a jewel you’d have to pay for a small piece of shelter in the face of shrinking space. Undoubtedly, realty today is moving beyond- to Navi Mumbai and Thane. Thane’s skyline has changed overtime- from bare plots to high rises. With such development came jobs, commercial centres, talks about an upcoming monorail, connectivity boost via Eastern and Western Expressway, premier educational institutes and healthcare units. But fringes too command four digit prices!
Depending upon the brand of developer, prices would be in the range of Rs 8,000-9,000 per sq ft. What will delight an investor is the fact that prices have doubled over the last four years!
The trio collectively forms the IT/ITes, BPO destination and the centre of economics in Chennai. Not only does the region entertain enquiries and attention from locals, for a large number of North Indians working in this part of the city, the region is self-sufficient and a prospective investment option too. For an investor, there is a promise of rental returns in the range of Rs 4000-40,000 per month. But that depends thoroughly on the make of the building, brand of the realtor and the space.
You need to avoid areas where there are water scarcity and water logging. You won’t want to see that side of Chennai!
If you are considering some of the customized spacious beach houses that are put up for corporate leasing or as vacation hotspots, these are some of the hotspots. You’d be surprised to know that exclusivity here in terms of luxe-living can garner as much as Rs 2 lakh per month!
For many of the Mumbaikars, Pune is like the backdoor heaven. Still more or less reasonably priced, Pune’s hot investment spots include Hinjewadi, Baner, Wakad, Wagholi and Kharadi. These top preferred housing areas in Pune are still priced anywhere up to Rs 7,000 per sq ft. Compare this stats with areas in Mumbai such as Powai, Kandivali, Andheri or Chembur where prices run into five digits- up to Rs 20,000 per sq ft or more!
It is interesting to note that Pune as a whole owes its investment potential to the evergreen job industry. Of late, the back offices of most multinational companies too shifted to Pune to cut down on costs that they had to incur being in Mumbai. Simultaneously, Mumbaikars are also investing-exiting-re-investing in some of the popular localities because for the price that it commands, spaces available are livable, say, 600-1400 sq ft.
It is a time honoured mantra and very relevant when it comes to real estate. Bank on the location and your identity either as an end-user or an investor stands to gain!