Mumbai
Madh-Marve in Mumbai and Ulwe in Panvel are among the top 11 residential investment destinations in India for the next five years, according to a Knight Frank report released on 16th December.
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The Residential Investment Advisory Report 2016 said these residential hotspots are expected to outperform in terms of appreciation in property prices.
Other destinations are in the National Capital Region, Bengaluru, Pune, Chennai and Hyderabad. Ulwe in Navi Mumbai, the price growth has been 50% in the past three years from Rs 4,000 a sq ft in 2012 to Rs 6,000 a sq ft in 2015. It is located close to the proposed international airport.
The report also list Madh-Marve as a top investment destination despite the area currently having poor connectivity and infrastructure. "However, two upcoming infrastructure projects (coastal road and an upcoming sea bridge) are estimated to unlock this locality's potential as a premium residential market, which would draw parallels with Lokhandwala in Andheri (west)," it said. Property prices in Madh-Marve are between Rs 12,000-Rs 15,000 a sq ft "It sells at a discount of 41% from the Rs 23,000 a sq ft price prevailing in Lokhandwala," said the report. "With the construction of the Versova-Madh sea bridge and coastal freeway in the next five years, an appreciation of 94% is expected during the next five years," it said.
The Residential Investment Advisory Report 2016 said these residential hotspots are expected to outperform in terms of appreciation in property prices.
Other destinations are in the National Capital Region, Bengaluru, Pune, Chennai and Hyderabad. Ulwe in Navi Mumbai, the price growth has been 50% in the past three years from Rs 4,000 a sq ft in 2012 to Rs 6,000 a sq ft in 2015. It is located close to the proposed international airport.
The report also list Madh-Marve as a top investment destination despite the area currently having poor connectivity and infrastructure. "However, two upcoming infrastructure projects (coastal road and an upcoming sea bridge) are estimated to unlock this locality's potential as a premium residential market, which would draw parallels with Lokhandwala in Andheri (west)," it said. Property prices in Madh-Marve are between Rs 12,000-Rs 15,000 a sq ft "It sells at a discount of 41% from the Rs 23,000 a sq ft price prevailing in Lokhandwala," said the report. "With the construction of the Versova-Madh sea bridge and coastal freeway in the next five years, an appreciation of 94% is expected during the next five years," it said.
Source - TOI
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