It's not just the metros that are hot opportunities for real estate investment. A report by FICCI and Ernst & young bets on 11 emerging cities as destinations for future property investment.

Surat tops the list among emerging markets for real-estate investment. It is mainly because of increased residential activity in localities of Vesu and Damas. The Gujarat government recently signed MOUs worth Rs 1,418 crore with developers to build integrated townships in Surat and land prices have risen by 30 to 50% over the past year.

But even though Chandigarh land prices have recently fallen, the study is upbeat about it and the peripheral areas of Mohali and Panchkula. With infrastructure investment of Rs 4,332 crore planned, real-estate activity will take off in Chandigarh.

Leveraging on the upcoming Mihan project, Nagpur as another good bet for property investment. Land prices around this project have risen 250 to 300% in the past 18 to 24 months. Nagpur is a favourite among IT companies after Mumbai and Pune.

The FICCI-E&Y study also highlights Vishakhapatnam, Vadodara, Jaipur and Tiruvanthapuram as future cities for property investment, followed by Kochi, Nashik, Indore and Ludhiana.

11 hot emerging cities:


    Surat
    Chandigarh (Mohali, Panchkula)
    Nagpur
    Vishakhapatnam
    Vadodra
    Jaipur
    Tiruvananthapuram
    Kochi
    Nashik
    Indore
    Ludhiana


    News Source: moneycontrol.com

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  • HI

    I Have Been Trying To Work Out Some Strategy In Vadodara Since Long But Do Not Have Any Which Side Of Vadodara Is Going To Have Better Development.in Fact There Is Not Much Activity Happenning At Root Level So It Is Rather Confusing.it Will Be A Great Priviledge If You Can Guide Me,is Anything Going To Happen About I.t Hype In Vadodara.
    CommentQuote
  • Is Nagpur a good destination to buy real estate?

    What are the rates at which Nagpur's real estate has appreciated? Is it a good destination to buy property?
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  • Great Information!

    Could you suggest an immediate investment proposal with returns of atleast 35% pa.
    CommentQuote
  • 31 shops sealed, 11 structures razed
    Tribune News Service

    Yamunanagar, February 27

    A team of the Municipal Corporation today sealed 31 shops and razed 11 unauthorised structures.

    Executive officer KK Jain said the drive was undertaken at Gulab Park, Jagadhri, Buria road, Buria chowk, Buria town, and Ghadhauli and Tejli villages.

    He said notices were served on the owners of the sealed shops and asked to get their shops authorised. “The sealed shops would be demolished if their owners fail to get these regularised,” said Jain.
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