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Strike a Hot Deal Cities with huge growth potential are best realty investments
(05-12-2011) |
Investing is all about spotting the right opportunity. Places where big infrastructure and industrial projects come up see rapid growth, ensuring good retus on property investment. We explore some markets with huge growth potential -
Ahmedabad, among India's fastest-growing cities for years, has only recently started realising its real estate potential. It is witnessing a construction boom and an increase in population.
Ahmedabad: The city is witnessing a boom in industrial and real estate activities.
The city has many developing and premium areas and a large number high-income individuals. According to the National Housing Bank's (NHB's) residential index (Residex), prices of houses rose 33 per cent in the year up to June 2011. Despite this, properties are relatively affordable. Land, too, is available at relatively low rates.
MUST READ: Realty offers better retus than gold
"Ahmedabad-Surat-Vadodara is an emerging metropolitan cluster. While Ahmedabad is the largest city in Gujarat, Vadodara is a major industrial centre with big pharmaceutical and chemical manufacturers. Surat is known for its textile and diamond processing industries. The region is expected to embark on a growth trajectory with landmark projects such as the Delhi-Mumbai Industrial Corridor (DMIC) and the Gujarat Inteational Financial Tec-City," says Himadri Mayank, senior manager, research and real estate intelligence service, Jones Lang LaSalle India (JLL).
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