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17 Emerging Corridors on Indian Real Estate Map
Thursday, October 04, 2007

A Cushman and Wakefield-GRI Real Estate Investment Report has brought to light the 17 emerging corridors on the real estate India map, following the land crunch and unaffordable property rates in metros.

Top ranking destinations are Hinjewadi near Pune and Manesar near Gurgaon, scoring high on all parameters, says the report, with a promising future ahead. Their growth would continue to be sustained by the neighbouring towns.

Other corridors finding a place on C&Ws report are GST, Sriperumbedur, Shamshabad, Panvel, Virar, Greater Noida, Devenhalli, Chakan, Khadadi, Kokapet, Bidadi, Thane, Bantala, and Tumkur Road.

These zones were graded on the basis of their sustainability, pace of progress, and the economic environment. The ranking serves as a guide to investors scouting for long-term investments in upcoming locations.

State capitals and their suburbs are getting highly congested with industrial clusters, corridors and hubs, driving the private sector to relocate to Tier II and Tier III towns.

The National Association of Software and Service Companies has listed towns like Chandigarh, Pune, Visakhapatnam, Vijaywada, Mangalore, Mysore, Kochi, Coimbatore, Madurai and Tiruchi where business will grow.

However, some of these locations are already succumbing to the lack of civic infrastructure, and future business has no option but to look at vacant land fringing these towns.

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