A list of hot destinations in India amongst the cities for property investment!
Mumbai – Growing infrastructure, relatively transparent property deals, entertainment and financial hub.
Pune – Growing IT and ITES companies, good infrastructure, better quality of life than metros
Bangalore – Increased demand from IT/ITES sectors, growing expatriate and returning professional NRI’s, infrastructure development
Hyderabad – Increased impetus on IT and ITES sector, quality residential housing, affordable compared with other Tier II cities, infrastructure development
Gurgaon/Noida – Proximity to Delhi, better connectivity with high speed highways, impetus on IT and ITES sector
Chandigarh – One of the best planned cities, government policy towards future development of IT and ITES Sector, improved infrastructure, easy connectivity to Delhi,
Bhubaneshwar (Chandrashekharpur, Bhubaneshwar?Cuttack Highway) – Potential areas for retail development in the vicinity of the IT/ITES Park.
Coimbatore (Vadavalli, Kovai ? Pudur, Peelamedu, Kaudampalayam and Trichy Road) – Major construction activities visible in these areas
Indore (Focus is around the Central Business District (CBD) of M.G. Road) – Important industrial city with its robust textile, engineering and machinery sectors
Jaipur (CBD of Jaipur) – Likely to witness large-scale organized retail activity with leisure, entertainment. Surplus retail spaces may be offered for offices at lower price.
Kochi (NH 47 by-pass road along NH 47 at Edappally, Seaport Airport Road, Kaloor-Kadavanthara road, Vytilla, Kakkanad) – Potential destinations for the future development
Kozhikode (Indira Gandhi Road, Mavoor Road, Cherooty Road, several locations of Indira Gandhi Road, Mavoor Road, Cherooty Road, Beach Road) – Dream City project (a 140-acre project with nature park, amusement park, culture park etc.) coming up, the S.M. Street Heritage Project on 270 acres of land
Lucknow (Mahanagar, Gomti Nagar, Aliganj, Indira Nagar, Nirala Nagar, Hazratganj, Kanpur Road and Rae Bareli Road, Gomti Nagar, Ashok Marg) – Preferred destination for retired IAS, IPS and other senior state government officials, more than four malls proposed in the city
Trivandrum (Techno Park – (1.5 million square feet in 1995) housing global majors like Infosys, TCS, Ernst and Young, McKinsey and Company) – Proposed expansion for phase 2 and 3 of techno park
Nagpur (Amravati Road, Wardha Road, Kamptee Road and Katol Road., Civil Lines, Dharampeth and South and West of the city) – Expansion of residential development is from the core to the fringe areas of the city.
Madurai (Melur Highway) – City growing towards Melur Highway. No significant growth towards southern part of the city
Raipur (The G.E. Road, stretch between Tati Bandh to Teli Bandha, Sharda Chowk, Jaistambh Chowk, Raipur, G E Road) – Emerging as the most active retail destination in the city. Raipur, G E Road would remain most important corridor for retail real estate development
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