Page 2 - Hotspot

A premium housing destination

Pune's Sahakar Nagar is one of the micro-locations in the traditional core area of the city. It is preferred by the city's elite, as it is one of Pune's greenest and most respectable addresses. The city's established gentry - mid-to-large scale business owners, industrialists and others from the upper crust call Sahakar Nagar their home.As a residential area, Sahakar Nagar largely retains Pune's traditional Marathi culture, even while witnessing subtle changes to align with the modern living trends being seen all over the city. It is a tranquil area famous for its old-world charm, but is nevertheless constantly reinventing itself. Sahakar Nagar has excellent social and civic infrastructure, which adds to its desirability as a residential location of choice.Because it is a rather closed market, resale properties are hard to find. This area is completely developed and new residential supply is extremely constrained. It is a predominantly end-user driven area, and only high-ticket investo

Vanagaram, Chennai: Driven by IT, ITeS workforce

Vanagaram is an emerging residential neighbourhood located in north-east of Chennai

Narela, Delhi-NCR: Growing at 7-10% annually

While the surrounding suburbs have filled in the gap, the prime city of Delhi has a lot to offer for fulfilling the housing needs at affordable prices

Preferred by luxury home buyers

Located in the very heart of central Mumbai, Prabhadevi connects the south part of the island city with the suburbs in the north. It has always been a strategic location within central Mumbai but was for many years saturated. Only when the numerous textile mills in the area gey closed did the potential of redevelopment of these spaces release more land into Prabhadevi.It is a highly preferred luxury residential destination, since it is home to a number of Mumbai's largest companies. These companies took advantage of Prabhadevi's excellent attributes to relocate their offices from the far more expensive central business district in south Mumbai. Today, Prabhadevi boasts a number of high-grade office buildings, bringing a considerable demand for luxurious homes in the vicinity from the corporate c suite. More demand for such homes also percolates in from the upper management class employed at Parel, Lower Parel, Worli, Elphinstone and Dadar.As south-central Mumbai becomes more and more i

Undri-Pisoli, Pune: Spillover demand from nearby areas, good connectivity to drive prices

In the past three to four years, this area has become one of the most preferred residential markets for people working in the Camp areas

HITEC City, Hyderabad: An investment option that offers great deal value

IT houses Microsoft, IBM, Metamor, Toshiba, Oracle and Wipro, beside other leading names

Strong residential, rental demand driving growth

Koramangala is one of the sub-markets within the secondary business district of Bengaluru, and one of the key office, retail and residential precincts of the city. It is almost six km from the central business district and well-connected with established schools, colleges, hospitals, malls and other entertainment options. As such, it is one of the most sought-after locations for residential properties. With the presence of a cosmopolitan population, established high streets featuring all major brands, pubs, cafes and fine dining, this location has everything at an accessible distance.After being established as a key residential location, along with the presence of many popular colleges, Koramangala witnessed office space development. It now has close to two million sq ft of Grade A office space, which has a vacancy of less than one per cent. Shortage of leasable space in this sub-market has pushed the rents up by almost five to seven per cent quarter-on-quarter and about 10-15 per cent

Next destination for Pune's mid-segment buyers

Proximity to the airport, land availability, reducing supply in nearby sub-markets, infrastructure improvements and affordability will trigger new housing supply in the Dhanori region. Dhanori is adjacent to Lohegaon, where Pune's airport is located. It is a rather nascent market for the housing sector but is witnessing spillover development on account of its proximity to Viman Nagar. The interest of developers has now moved further towards Lohegaon and Dhanori, which are emerging as the new residential hubs in the neighbourhood.While Dhanori has already witnessed substantial residential development on the stretch just off the main Lohegaon-Dhanori Road, the defence establishments and height restrictions due to the Air Force base have been impediments in the way of larger real estate developments in Lohegaon. The major developments are in the form of stand-alone and small residential projects/individual houses.Current real estate dynamicsDue to the proximity to major defence installati

Jayanagar, Bengaluru: Appreciation in both property rates and rental yields

Jayanagar has shaped up as a self-sustained residential micro-market that provides all conveniences and infrastructure for its residents

Mulund: Strong rental demand makes it a good investment option

Mulund has good recreational and entertainment facilities, and quality social and civic infrastructure such as educational institutes and hospitals

Ajmer Road, Jaipur: Likely to see increased activity due to proposed SEZ

Jaipur, 258 km from Delhi, is one of the fastest-growing business cities of this region

Magadi Road, Bengaluru: Good potential for future residential development

Magadi Road in the western part of Bengaluru is easily accessible from the centre

Has good civic infrastructure, connectivity to industrial pockets

Pune has become renowned for its strongly-entrenched information technology (IT) culture, and this has led to the rapid growth of IT-centric precincts in and around the city, with a direct correlation to demand for real estate. The Hinjewadi IT Park has been a particularly strong growth generator for certain precincts. While Aundh was the first area to gain significantly from the IT boom in Pune, its development potential diminished rapidly under the onslaught of a relentless spate of projects. Prices also stopped appreciating. Soon, the limelight shifted and neighbouring Wakad has become one of the new high-interest investment locations for mid-income housing on the city's western periphery.Located in the highly-developed PCMC area, Wakad has a host of positive market drivers to keep its real estate market vibrant. With proximity to the Mumbai-Pune Expressway and the thriving IT hub of Hinjewadi, as well as accessibility from the PCMC industrial area, Wakad now attracts end users in t

Prices likely to appreciate 5-10% in a year

Jakkur is an established residential suburb in northern Bengaluru. Set in a serene environment, it has one of the cleanest and largest water bodies in Bengaluru, which provides potable water to the city. The famous Jakkur Airfield, also known by the name Jakkur Flying Training School, is the only general aviation field in Bengaluru. Jakkur is also known for housing some reputed institutes in the city, such as Jawaharlal Nehru Centre for Advanced Scientific Research, Ohio Manipal School of Business, Amrutha Education Society and Pradeep Education Society.Development of the Bengaluru-Hyderabad Highway and Bellary Road was one of the major contributing factors for the growth of Jakkur's real estate market. Jakkur started emerging as a residential precinct soon after the commencement of office operations at Embassy Manyata Tech Park in 2007, because Jakkur is close to this tech park. Real estate growth surged further when the Kempegowda International Airport started operations in 2008. The

Hotspot: NH-24, National Capital Region

Developing fast as an affordable housing corridor