If you are thinking to make a property investment in the top cities of India; here are some areas that harvest higher returns on investment and greater rental yields.
It is the most favorable place for investment as it has the highest number of areas that provide profitable returns. Chembur East, Vile Parle (East) & Bandra (East) in Mumbai South-West and Goregaon (East) in Mumbai Andheri-Dahisar have posted over 20% price appreciation. Areas in Thane and Navi Mumbai are finding favor among the investors who want to invest in sub 10,000 psf properties promising high returns.
Next on the charts is the Capital city of India.Most of the high growth areas are in the NCR region of Noida, Greater Noida, Ghaziabad and Gurgaon. Prominent areas include Techzone – 4, Pari Chowk, Noida Expressway in Greater Noida; Sector-46, Sector-120, Sector-110 in Noida; Sector 54 and Sector 73 in Gurgaon. All these have appreciated between the range of 45% to 21% in the past one year essentially because of infrastructure development, connectivity and lower base price. Areas in Delhi NCR that have given the best returns to the investors are Sector 46 Noida, Sector 54 and 73 in Gurgoan. Property prices in these areas have appreciated in the range of 35-45%.
The top areas that have appreciated the most in Pune are Ambegaon, Bibewadi, Chinchwad. These areas have shown an appreciation ranging from 22-26% over a period of one year. Pune has seen a continuous influx of IT companies and the city is emerging as a viable option for investors from Mumbai. This trend is likely to continue for the next few years.
In Bangalore, Banglore North, Rajarajeshwari Nagar from Bangalore West, HAL Layout from Bangalore East, are the 3 areas in Bangalore that have given the best price appreciation. Property prices here have appreciated by between 7-21% in past one year. The ongoing metro corridor is casting a positive rub off on some of the nearby areas which might have caused favorable sentiments.
Prahlad Nagar and Satellite Road from Ahmedabad West and Gandhi Nagar from Ahmedabad Central are the 3 areas in Ahmedabad that have shown an increase in prices in the 11-16% range.
Porur in Chennai West and Pallavaram, and Thoraipakkam in Chennai South have seen an appreciation between 11-28%. The top investment locality of Chennai is Thoraipakkam which has shown 28% appreciation.
