Hot spots for residential realty


Chandigarh, the capital of Punjab and Haryana is one of the most well-planned cities of India with very high per-capita income. The Technology Park has put it on national IT and international outsourcing sector map, says Limaye.

Another real estate consultancy Knight Frank India has drawn up an advisory report, which claims to address the need of the home buyer from an investment point of view over the next five years i.e. 2013-17. The report suggests 13 local areas in 5 major well-known regions across the country — Mumbai, Delhi-NCR, Bengaluru, Chennai and Pune.

"With property options ranging from Rs 3,200 per sq ft to Rs15,000 per sq ft and investor returns in the range of 18.6- 29 per cent annually, the residential real estate will emerge as a promising asset class for the next five years," says Gulam Zia, executive director, Knight Frank India.

The final call

Various studies by real estate professionals and consultancies, both global and local, show that different drivers would impact the demand-supply gap and hence the appreciation. These reports can only suggest the possibility of an outcome but by no means can it guarantee one.

Over the next couple of years, development in these hot-spots would increase, which in turn would reduce the gap between local demand and supply resulting in slower appreciation or even stagnancy of prices. One may end up missing the investment bus then. There is, however, no foolproof way to predict the behaviour of the real estate markets. Professionals can only give a potential investor a framework, with whose help a decision can be arrived at.


Please read our terms of use before posting comments
TERMS OF USE: The views expressed in comments published on are those of the comment writer's alone. They do not represent the views or opinions of The Indian Express Group or its staff. Comments are automatically posted live; however, reserves the right to take it down at any time. We also reserve the right not to publish comments that are abusive, obscene, inflammatory, derogatory or defamatory.