Research by Commonfloor, which offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem, has shown that there are some cities where investing in real estate could offer good returns in the next five years.
CommonFloor Groups co-founder and head Vikas Malpani said that after talking to real estate players, his company has listed out cities that could be good investment bets in the year 2016.
Ghaziabad has emerged as the dark horse of NCR in 2015 with significant real estate activity seen across three prominent markets including NH -24, Raj Nagar Extension and Krishna Vihar.
These markets saw significant activity in terms of new launches in 2015 in both apartments and plots category which is likely to continue in 2016. Centre’s nod for road widening of NH -24 towards Ghaziabad was one of the major factors driving growth in the city.
South and East Bangalore offer potentially good real estate opportunities. Ample new supply coupled with affordable property prices, high consumer demand and wide range of options across segments have upped the ante of few micro markets in these two regions in 2015.
The leading markets include Whitefield, Panathur, Electronic City Phase 1, Begur Road, Kanakpura Road and Bannerghatta Road. Good connectivity and affordable property prices will continue to drive these markets in 2016 as well.
Bhiwadi has emerged as an industrial and real estate hub adjoining Gurgaon. It is well connected with highways such as NH-8 and NH-71B. The proposed Neemrana airport is expected to give a boost to the realty sector. Moreover, it falls along the Delhi-Mumbai Industrial Corridor, which makes it a promising destination for property investment.
Thane is one of the most attractive regions for investment in the Mumbai Metropolitan Region in 2015 due to the plethora of options available there backed by fast growth in infrastructure such as a proposed extension of Mumbai metro.
Thane West witnessed good activity due to their connectivity and proximity to important commercial and industrial areas in the region. In terms of affordable areas, Kalyan and Dombivli ruled the roost.
With the political cloud clearing over Andhra Pradesh’s bifurcation, Hyderabad has emerged as one of the most promising real estate markets of the country. Low ticket prices and buoyant office space activity have boosted the realty prospects in the city.
Madh–Marve (Mumbai) is identified as the top destination, with an expected price appreciation of 94 per cent, thereby emerging as a promising asset class for the next five years. Ulwe, the top destination of the Mumbai Metropolitan Region (MMR) scores second this time with a 70 per cent price appreciation by 2020, while Majiwada– Kasarvadavali will experience a price appreciation of 59 per cent by then.
New Airport Road in Viman Nagar in Pune is identified as a potential location with an expected price appreciation of 63 per cent, while Vishrantwadi is to witness a 55 per cent growth appreciation.
Thanisandra and Panathur–Varthur (Bengaluru) is expected to emerge as potential residential investment destinations with estimated price growths of 61 per cent and 55 per cent, respectively.
Delhi-NCR’s Golf Course Extension Road and New Gurgaon could emerge as potential destinations for residential investment in NCR.
Puppalaguda– Narsingi cluster (Hyderabad) is emerging as one of the potential destinations for residential investment.