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Hot property destinations for 2006
Published on Thu, Mar 30, 2006 at 10:59 , Updated at Thu, Mar 30, 2006 at 16:56
Source : Moneycontrol.com
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The real estate boom has been a linear one this year, spanning across all cities and regions. Thanks to several factors such as tax benefits on housing loans, cheap availability of housing finance and the overall booming economy, the real estate sector has seen some happy times. But what does the future hold? Most experts agree that it’s not the end of the tunnel. There is potential for further growth. In this circumstance, Moneycontrol asked property consultants to list out which cities will be hot destinations for 2006, and why they think so. Tier I cities, that is, metros will continue to post healthy growth. However, research from Cushman and Wakefield shows that the outer periphery areas or emerging corridors of metros will emerge and witness more investments. Prices in these areas are just above entry levels or below maturity levels leaving scope for capital appreciation and asset maximization.
Metro Areas Mumbai Navi Mumbai Bangalore North East Corridor Hyderabad Uppal, Papanguda & Shamsabad Corridor NCR Greater Noida & Gurgaon Chennai GST Road touching Pallavaram, Mount Poonamalle
At the same time, property consultants Trammell Crow Meghraj lists out the following for Tier I cities, citing reasons for prospective growth.
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Property prices not likely to come down
Dear friend, if u r buying the proposed property for self consumption, go for it right now. If it is for investment...
in Property - ashalanshu at 10-Oct-08 11:28
Property prices not likely to come down
I am planning to buy a flat in a underconstruction tower at Kharghar. However I want to know if the property rates ...
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