The Union Budget 2016 has paved way for the home buyers to explore options in up-and-coming suburbs around major cities of India. With mid-range, premium and luxury projects in these suburbs, home buyers have a lot more to look up to, now that these areas promise a good lifestyle in affordable means.
Well-connected to the mainstream city featuring a range of premium, mid-range and luxury housing options, these areas have been able to seize a sizeable share in the realty market. Here are some of these emerging, new localities that you would want to invest in:
In the Capital - Delhi
A New Delhi suburb situated at the south of Gurgaon (a part of National Capital Region (NCR) of Delhi) Manesar is known for being home to the Maruti Udyog Plant and an attractive budding IT hub. With Phase I of the Industrial Model Town in Manesar already in place, the locality is expected to attract more work and living opportunities, driving demand for both commercial and residential properties. The Delhi Western Peripheral Expressway or Kundli-Manesar-Palwal Expressway, once there, will add up to the existing merits of the place and facilitate more demands.
Located towards South-West Delhi in close proximity to Delhi airport, the sub-city of Dwarka has both rail-based and road-based accessibility. Connected by a direct metro line with the city center, Dwarka combines aesthetic, recreational and infrastructural facilities to soon house over a million people who can boast of a swanky and modern address.
In the City of Dreams - Mumbai
Both infrastructure wise and in residential amenities, Chembur, situated in the harbor line is growing fast as one of the top residential areas to invest in Mumbai. India’s leading independent commercial and residential real-estate consultancy, Knight Frank India suggests that Chembur falls second in a list based on assessment of key factors that drive property investment like infrastructure, connectivity, employment opportunities, land availability and proximity to work spaces. The popular suburb is close to Eastern Express Highway and Santacruz-Chembur link road, connecting it to mainstream Mumbai and the western zone. With upcoming monorails and popular work hubs of BKC and Lower Parel falling in a short distance of Chembur, the place is an attractive investment opportunity.
As Knight Frank suggests, Wadala is one of Mumbai’s suburbs where prices are likely to increase by 125-133 percent in the next five years. Located in Navi Mumbai, Wadala, like Chembur, also falls close to employment hubs and the eastern freeway project, soon to be connected by monorails. Strategically located, Wadala has enhanced lifestyles as premium spaces and office buildings, malls and recreational centres have come up with plush amenities.
In the City of Tech - Bengaluru
An IT hub in itself, Whitefield has come to be one of the most striking investment centres in Bengaluru, home to leisure facilities, booming infrastructure, residential apartments, several top notch commercial properties and software companies.
In the Populous Youth City - Pune
Located between Manjiri on the East and Ghorpadi on the West, Keshavnagar in Pune offers a lot of ambient greenery. Infrastructure here is rapidly undergoing development here as it rises to become a popular destination for mid-income and upper middle-class home buyers. Airport, Railway Station and leisure destinations fall close by and from a residential outlook, Keshavnagar is ideal for most IT employees and other corporate who work in nearby IT hubs and office spaces like in Magarpatta, Kharadi, Kalyaninagar, etc.
Even educational and healthcare centres and prestigious areas like Koregaon Park and Hadapsar are easily accessible. Tapping the place’s land availability and future development potential, reputed realtors like Godrej Properties have come up with accomplished architectonics that involve the latest technologies and great amusement. Godrej Infinity is their admirable address in this hotspot with sprawling greenery beyond wide acres of land and international brand of facilities like Club House for every phase, health zone with Poly clinic facility and ample ventilation.
In the City of Joy - Kolkata
With the metro station, iconic golf course and the Tolly Film Club close at hand, Tollygunge is well-connected and a popular hotspot for residential apartment buildings and complexes. Located in South Kolkata, it is surrounded by established areas, adding value to the locality.
Preferred residential locality, this area is high on infrastructure developments, metro connectivity and social infrastructure with a swift access to various parts of the city via EM Bypass Road.
Rudimentary areas always have a scope for modern improvements, and becoming an opulent and popular property hotspot. Investment in such properties gives you a lot of chance to renovate, refurbish and transform it for a positive influence. Happy exploring!
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Updated Date: Jun 06, 2016 17:04:20 IST