TOP TEN REALITY DESTINATIONS

Top 10 Realty Destinations 1. MUMBAI the financial of India is always a major attraction when it come to real estates. Mumbai has three promising regions The extended western suburbs-the vasai-virar sub-region. This region is known for budget housing. Drivers Economic drivers such as special economic zones by DHL BIO Ted1SEZ by Mahindra and IT SEZ Higher connectivity after the introduction of additional sub-urban trains from 20II The area adjoining Panvel many developers have already initiated large township projects in the region. Drivers This region is benefiting significantly from trunk infrastructure enhancements such as the upcoming international air-port. the Trans—Harb0ur Link, a railway terminus, and mono rail. Positive impact from the upcoming Mega SEZs by Reliance and others. The expansion of JNPT. Bandra-Khar area : Despite higher property rates, prime property hunters are still focused on this area. Drivers Increased connectivity due to the Bandra-Worli sea-link, the proposed Metro Line 2 and also the upcoming Santacruz- Chamber Link road. Elite profile and better availability of shopping, healthcare, education and recreation facilities. Redevelopment schemes by property developers. 2. Delhi   NCR is known to be business and poetical territory. Since the growth in the industrial and the corporate is making way for a huge number of people from all over the country, the demand for real estate is continue to rise in the long term. The areas around the 150—meter road that will even-tually connect Gurgaon to Dwarka — specifically Sectors 103-lll - have significant growth potential. Drivers The area is currently underdeveloped, however, when res-idential proiects there reach completion in 2·3 years, the appreciation will be between 30 and 35% A lot of this depends on the ability of developers to raise enough cash to complete projects. 3. BANGALORE the Silicon Valley of South, has witnessed a robust economic growth due to increasing number of IT companies in the region in the past few years. It has become one of the major destinations for high—end employment. This makes investment in Bangalore property most lucrative in the long term. Established suburban areas like Koramangala, Outer Ring Road and Bellari Road continue to be good investment destinations. Koramangala Drivers : No scope for fresh developments.

REALTY is an attractive investment option since it provides a stable income stream. There is also the added benefit of capital appreciation. After a brief lull in 2008-09, property prices rose sharply in 2010. Come 2011, the momentum in property pricesis likely to continue, say investment experts. But the gains may not be uniform across the country unlike during the past two years. Property prices are likely to appreciate in a few pockets. With the help of property advisors, Innes lang LaSalle India and CB Richard Ellis India, ET Intelligence Group presents you the list of hot property destinations for 2011.

4. Hydrabad Is a major centre for pharmaceuticals with companies such as Dr Reddy's Laboratories and is fast developing into a centre of biotechnology sector in India Genome Valley and Nanotechnology Park is some of the upcom-ing project. IT and ITeS companies are also expanding their presence in the city. Gachibowli and Tellapur regions have residential real estate growth potential Drives Proximity to the financial district.This is where the highest growth of IT and other commercial projects is happening Outer Ring Road (Phase I in advanced stage, phase 2 scheduled after six months) in the vicinity will reduce com-muting time of resident to key workplace locations. 5. MOHALI Chandigarh has gone through the roof and there is little scope for appreciation for now. Moreover Chandigarh is a planned city conceived on certain density specification, which give rise to limitations on development. It is therefore not dynamic in real estate terms, which means it will not change much with time. Chandigarh could not partake in the IT boom for these reasons. However adjoining Mohali presents a completely different picture. The area called Greater Mohali, which encompasses the fast-developing Landra—Moha1iRoad area, is a very promising residential nexus. Pan India developers such as Unitech, Emaar-MGF , Ansals and DLP have snapped upland there for development into mega, multi-sector residential hubs. These will be highly organized cluster projects and all the right drivers are in place: Drivers Upcoming intentional airport Destination for the planned Indian Business School Multi—terminal bus stand soon to be commissioned I20 area town ship with IT SEZ coming up The investment opportunity here is in land, after 3-4 years. The land rates in these areas  will surpass those in central Mohali. 6. Kochi has the fast-growing residential market in Kerala. The NRI investments has caused sudden spun in residential  demand in Kochi City Apartment units have the highest demand owing to affordable prices and availability. 1. The prime residential areas adjacent to MG Road and along Marie Drive still command a premium Driver Close to the central business district Huge demand for waterfront apartments http://economictimes.indiatimes.com/quickiearticleshow/7206952.cms