For several months now, it has been believed that the real estate scene in India is undergoing severe depreciation. Here’s the myth-buster: only properties in the sub-Rs.5000 price range are expected to get some price correction. However, luxury and commercial properties are believed to be moving strong with more and more buyers. Numerous developers are offering villas in cities like Bangalore and Ludhiana, while other big cities like Delhi and Mumbai are already abundant with such high-end properties. Let us take a look at the top 3 cities in India which are perfect for luxury housing investors in the present scenario:

Delhi-NCR:

In Delhi-NCR, Gurgaon has been an interesting property destination for HNIs. While Noida has always been touted as the affordable housing market, Gurgaon is more into the luxury market segment.  In addition, Delhi-NCR also has a good fraction of the super-rich on India, which is why developers always show interest here.

Also, Delhi-NCR has seen a decent appreciation of property prices in the last several years and possession of these properties has also been timely. This is why more and more investors have shown continued interest here, even though there are other untapped markets in North India like Ludhiana, Chandigarh and Lucknow. While these Tier-II cities have also grown over the years, Delhi-NCR has kept its own.

Luxury properties in South Delhi and Gurgaon start at Rs. 7500 psf and go up to 30,000 psf.

Mumbai:

Mumbai is one of the traditional real estate markets in India, which has been, for decades, the most expensive city in terms of property prices. More than one-fourth of properties in Mumbai are priced at more than Rs.1 crore. In Delhi and Bangalore, the proportion of such properties is considerably less.

Now, that very less empty space  is available in Mumbai owing to the city’s formation, the outskirts of the city have been developed. These areas, like Thane and Navi Mumbai, are expected to take the load off Mumbai with more and more luxury properties.

Bangalore:

Bangalore is one city which has seen immense boom in the last decade. More than 75% of Bangalore’s total units under construction are priced at less than Rs.50 lakhs. Unlike numerous other metro cities, Bangalore provides great options to buyers, right from affordable housing to palatial villas. Even during the real estate crisis in 2009, Bangalore’s market was absolutely stable. In prime locations in Bangalore one can get luxury houses under Rs.30,000 psf.

 

2 Responses to India’s hottest cities for Luxury Housing Investment in 2013

  1. Sandeep Chandna says:

    The above mention project is very attaractive.

  2. I am happy to hear the development plan for the Bhiwadi not just because we have invested hear. 1 BHK Bhiwadi
    It is really proud moment to know our city is doing better and connectivity is improving here. These

    plans are great relief for commuters travelling between Delhi and Bhiwadi. http://jeetproperties.com
    By Sandeep Chandna

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