Most promising Residential Locations in India & Mumbai

Most promising Residential Locations in India & Mumbai

The Top 13 residential places in India which will see a rapid development in the next five years starting from 2013 was classified by a renowned real estate agency. In the subsequent five years, residential properties in these locations are set to become highly profitable assets. The property options available in the real estate market in India in the price bracket of Rs. 3100 per sq. ft. to around Rs. 15,000 per sq.ft give a property investor a return of around 18-29% every year. According to the report the five locations which are expected to gather thrust post 2017 in the Indian real estate market include Rajanpada in Navi Mumbai, Manesar in Gurgaon, Yelahanka in Bangalore, Narela in north-west Delhi and Neemrana in Rajasthan.



Top 3 Locations in Mumbai that will appreciate the most in the next 5 years

Chembur, Ulwe in Navi Mumbai and Wadala are the top 3 locations in the financial capital of India that are likely to fetch the most returns for real estate investors who deal in residential properties in the next five years.

Actually, six of the top nine places in the list of the thirteen areas in the country are taken by the locations from Mumbai and Pune. In the next five years, the rates in Ulwe are expected to elevate by 145%, Wadala by 133% and Chembur by 125%.

The development in these places is because of factors like new job opportunities, changing lifestyles, and infrastructure developments. This list is derived by considering the factors like hotel room demand, air travel traffic for business activities, use of banking facilities, etc.

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