NRI Real Estate and Property Investment in India
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India’s Hot Properties
Tuesday, September 04, 2007

In the current scenario of high interest rates and uncertain real estate market conditions, consultants Jones Lang LaSalle Meghraj have recommended the best locations for investment in India’s metros.

In the Delhi-NCR region, Rohini, Dwarka and Faridabad are potential hotspots and several projects are in the planning and under construction stage where investors can park their funds.

Dwarka has displayed stable market rates, and appreciation to the extent of 10-15% is expected here in 2-3 years. Kundli too is witnessing infrastructural development, and slated to be the city of the future.

In the Mumbai region, Navi Mumbai and Thane are upcoming locations for investment, offering a host of new projects being announced in the wake of the Greenfield airport and Reliance SEZ in the area.

In Kolkata, the eastern fringes of Salt Lake and Rajarhat have attracted investments from large developers like DLF and Unitech, as well as the Salim Group from Indonesia.

In Chennai, again, reputed builders are putting up lavish commercial and residential projects on the Old Mahabalipuram Road, Vellacherry, Koyambedu and Ambathur where IT is the key driver.

In Bangalore, interest has been renewed in Whitefield, and together with Sarjapur Road, Jakkur, Sahakarnagar and Outer Ring Road, is the focus of investment for private developers.

With the inner city locations leaving no room for developments, private builders are pitching their camps in the suburbs with commercial and residential projects

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