The Indian real estate market has undergone sea change in terms of regulations, policy, investment perspective and factors affecting decision making in last 5 years. The real estate market sentiment is subdued since 2014. The market which was once largely unregulated is now more streamlined and controlled by Real Estate Regulatory Authorities RERA of various states. The diversion of funds from any concerned project has been largely restricted to ensure focus on completion. Also, the market has transformed from investor driven to end user driven. Gone are the days, when even an announcement or positive rumour regarding any infrastructure or policy initiative made the market bounce like stock prices.
In the current market, thanks to RERA and other regulations, the investors or end users are taking informed decisions. In this changing world of real estate, the property that holds potential of better returns tends to excel. Instead of the entire city, locations that have potentially better social significance, physical infrastructure, proximity to economic centers and better connectivity to connectivity to transportation corridors or hubs will fetch good returns.
Based on the above mentioned fundamentals, following area can be promising in terms of returns on investment:
1. Madh Marve, Ulwe and Majiwada Kasarvadavali in Mumbai
2. Panathur Varthur and Thanisandra in Bangalore
3. New Airport Road Viman Nagar and Vishrantwadi in Pune
4. New Gurgaon Sector 81 95 and Golf Course Extension Road in Gurgaon
5. Guindy Alandur cluster in Chennai
6. Puppalguda Narsingi in Hyderabad
The next time you look for investing in real estate, make sure to have these on your list.
Disclaimer: The information contained in this post is for general information purposes only. IIFL Home Finance Limited (including its associates and affiliates) ("the Company") assumes no liability or responsibility for any errors or omissions in the contents of this post and under no circumstances shall the Company be liable for any damage, loss, injury or disappointment, etc. suffered by any reader. All information in this post is provided "as is", with no guarantee of completeness, accuracy, timeliness, or of the results, etc. obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability, and fitness for a particular purpose. Given the changing nature of laws, rules, and regulations, there may be delays, omissions, or inaccuracies in the information contained in this post. The information on this post is provided with the understanding that the Company is not herein engaged in rendering legal, accounting, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional accounting, tax, legal or other competent advisers. This post may contain views and opinions which are those of the authors and do not necessarily reflect the official policy or position of any other agency or organization. This post may also contain links to external websites that are not provided or maintained by or in any way affiliated with the Company and the Company does not guarantee the accuracy, relevance, timeliness, or completeness of any information on these external websites. Any/ all (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan product specifications and information that may be stated in this post are subject to change from time to time, readers are advised to reach out to the Company for current specifications of the said (Home/ Loan Against Property/ Secured Business Loan/ Balance Transfer/ Home Improvement Loan/ NRI Home Loan/ Home Loan for Uniformed Services) loan.