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Hot property destinations


Hot property destinations

Last updated: January 1 2007
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  • Hot property destinations


    Thought to help you all with your property investment options in NEW YEAR.

    A booming economy, easy availability of loans and plenty of projects to choose from are perhaps some of the reasons for the property market shining bright. Year 2006 has come to an end and if you’re waiting for the right time to buy some nice cozy place under the sun, here we give you a lowdown on the areas across the country that hold the most promise and the reasons as to why they hold high growth potential.

    All Tier I cities will continue to remain a hot favourite in 2007 too thanks to the influx of foreign fund, multinational companies, FDI, better infrastructure among others.

    But then if Tier I cities are out of your reach you could consider investing in the surrounding locations. “A good place to invest in any Tier I city, is the location surrounding the city and the suburbs, as these areas historically have been in demand in most developing international cities. For instance the location surrounding Hyderabad is in demand as the rates in the city has increased. India's largest IT special economic zone is also going to be set up in the outskirts of Hyderabad which will help the residential demand to grow in the surrounding areas.”

    It is believed that a lot of the growth will be driven by developments in the IT and ITES sectors.

    best bets in 2007.

    Tier I cities:

    Tier II cities:

    Of late the trend is also towards owning a second home – a home away from the hustle bustle of city life especially to chill out during the weekend. Say property consultants Trammell Crow Meghraj, “Buyers of second homes mostly constitute the affluent audience of IT professionals, corporate executives, doctors, lawyers and stockbrokers and those with double income”

    You can consider luxury villas in tourist spots like Goa, or if your budget permits, even a place in Dubai. Today, those with a budget of Rs 2 crore or more are increasingly eyeing this jewel of the United Arab Emirates. The incentives are a residential permit, enhanced career prospects and a great standard of living.
    The real realty boom is standing on the threshold of the year 2007.

    Last edited December 29 2006, 10:55 AM.
  • #2


    Re : Hot property destinations


    Hi If U can pass some info on other cities also...especially north India..


    Have any questions or thoughts about this?