Some of India’s high-growth zones for real estate investments

3 min read

Indian real estate has been in the news for mixed reasons really. On one hand, you have updates regarding the liquidity crisis that developers find themselves in and the countless residential projects that have been stalled across the country. On the other hand, you have the Central Government unleashing one fire-fighting measure after another to bring the sector back on its feet after a prolonged slump post demonetization, RERA and GST.

The three big measures have notably cleaned up the sector and made it more attractive for investors. Residential real estate has been boosted by the Government’s emphasis on affordable housing, PMAY incentives, cut in GST rates, incentives for second home purchases, tax benefits, lower interest rates and a lot more including the newly announced stress fund for completing stalled projects. As a result, the sector is slowly making its way upwards and is expected to keep recovering rapidly over the next couple of years or so. In this context, if you are looking to invest in real estate in a high-growth location in the country, there are quite a few options at hand.

Some of the high-growth real estate investment hubs have been highlighted below:

Golf Course Road (Gurgaon)Golf Course Road has been one of the most coveted locations in the city and will continue to attract buyers and investors alike. This zone has witnessed steady growth with strategic Government measures, access to the National Highway 8, swift industrialization and corporatization of surrounding stretches, growth of high street retail and entertainment hubs nearby and of course, the easy proximity to the Indira Gandhi International (IGI) Airport.

Several leading real estate developers like Raheja and DLF have come up with premier projects along Golf Course Road which lies near the Rapid Metro and Cyber Hub. Livability is excellent, in terms of social infrastructure, connectivity and amenities. Growth was sparked off by the Delhi-Gurgaon 8-lane Expressway and the completion of the Dwarka Expressway will be another shot in the arm in the future.

Thane (MMR)Thane is one of the key housing markets in the Mumbai Metropolitan Region at the moment and is finding takers from both mid-range and luxury residential segments. Thane is a well-established city in its own right today with mushrooming corporate, IT and commercial hubs and excellent civic, physical and social amenities. This has accelerated demand for residential and commercial real estate alike, with potential for earning attractive returns in the future. In the year 2017, more than 90,000 units were added in the residential category for this micro-market alone. With major infrastructural developments like the Trans-Harbor railway network, new flyovers and inclusion in the Smart City Mission, Thane’s growth story seems set to continue.

Line 4 of the metro railway network is already being constructed and will boost connectivity immensely in Thane. Thane also benefits from major commercial hubs like the Olympus Centre which caters to top companies like TCS and others.

HITEC City (Hyderabad) HITEC City is located in close proximity to one of the most prime areas in Hyderabad, namely Jubilee Hills. This has kept the residential real estate market chugging along for several years along with infrastructural development. HITEC City is a major IT and ITeS hub alongside, offering major employment opportunities to thousands of professionals from the city and outside. HITEC City functions as a large integrated residential cum commercial township with top-notch amenities and facilities. There are several residential colonies here along with shopping areas and complexes, cafeterias, banks and other necessary infrastructure. The State Government has emphasized upon infrastructure development in the area including monorail and metro railway connectivity along with connectivity to several major roads. The area is also home to several premier luxury real estate projects and 5-star hotels.

HITEC City will continue to be a major real estate hotspot due to skyrocketing commercial and residential growth. Another factor behind its consistent growth is that several professionals are migrating back here from Silicon Valley and other IT hubs in India and abroad. This is because the area is home to some of the top global companies including Facebook, Google, Deloitte and Microsoft. This reverse migration trend will naturally keep the housing market ticking along with all the other market dynamics.

Kharghar (Mumbai) – At a time when even Navi Mumbai’s core micro markets have become saturated and costly, Kharghar is a breath of fresh air. Kharghar is being planned as a mega-city of the future and offers excellent livability as well. There are several major roads and highways running through the locality which has picturesque surroundings, encompassed by hills. Kharghar is less than 1 hour way from Mumbai and is located near the Central Business District (CBD) in Belapur.

The development of the upcoming Navi Mumbai International Airport will naturally boost connectivity immensely here. Property prices and rentals are comparatively affordable for home buyers here. CIDCO is planning a corporate business park spread over 140 hectares here which will be modelled on the BKC (Bandra-Kurla Complex). Metro connectivity in the future will lower commuting times for Kharghar residents while the Mumbai Trans-Harbor Link will connect Sewri in Mumbai to Nhava Sheva in Navi Mumbai. The Parsik Tunnel will cover 3 kilometres, linking Kharghar’s Tata Hospital to Turbhe Station and connecting to the International Airport directly. The Virar-Alibaug Multimodal Corridor, Navi Mumbai Marina and Navi Mumbai Coastal Road are other major infrastructure projects that will boost real estate growth in Kharghar over the next few years. Kharghar offers ample recreational facilities as well including its Central Park and Kharghar Valley Golf Course among others.

These are some of the fastest-growing zones for real estate investments in India. Residential and in some cases commercial real estate growth are projected to be consistent in these areas owing to infrastructure development and strong livability factors.

 

Resident Editor