BusinessIndia

Hot list of Property Investment Cities in India

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,

Tier II

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

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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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Desh Kapoor

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