Planning to make a real estate investment in 2016? Indian real estate sector has been sluggish for a few years but is expected to make a turnaround in 2016. Experts believe that the sector is expected to record increase in sales and a reduction in unsold inventories. Buying a home best way to invest in real estate 2016 in everyone’s wishlist and this investment involves financial planning and strategy.
If you are planning to buy a property in the year 2016 ensure that that you make a smart choice and not a hurried one. They believe the government initiatives announced this year will give a push to the sector and reinstate investor confidence. Overall, the next few years would see forging of some strategic partnerships with select developers, private equity investors also looking at liquidating assets. Consolidation through joint development activities would unlock development potential in major cities, going ahead. 125 basis points in 2015 and both the developers and buyers expect to see the transmission of these lower rates to consumers in 2016. If you are planning to invest in real estate in the new year then the buyer should keep in mind certain points as the market has multiple choices to offer. It is important for a buyer to get a detailed information on the shortlisted projects including the builder type, locality, to name a few.
As a buyer you must not get lured by freebies and discounts that are being offered all around and rather check all the legal documents thoroughly and carefully. After talking to real estate players, we list out cities that could be good investment bets in the year 2016 and give good returns in the next 5 years. It emerged as the dark horse of NCR in 2015 with significant real estate activity seen across three prominent markets including NH -24, Raj Nagar Extension and Krishna Vihar. These markets saw significant activity in terms of new launches in 2015 in both apartments and plots category which is likely to continue in 2016.
Centre’s nod for road widening of NH -24 towards Ghaziabad was one of the major factors driving growth in the city. The location advantage of the highway and the direct link with Delhi, Noida and other areas of Ghaziabad have also increased the realty prospects here. Ample new supply coupled with affordable property prices, high consumer demand and wide range of options across segments has upped the ante of few micro markets in these two regions in 2015. The leading markets include Whitefield, Panathur, Electronic City Phase 1, Begur Road, Kanakpura Road and Bannerghatta Road. Good connectivity and affordable property prices will continue to drive these markets in 2016 as well. The city is an emerging industrial and real estate hub adjoining Gurgaon is well connected with highways such as NH-8 and NH-71B. The proposed Neemrana airport in the vicinity is expected to give a boost to the realty sector.
Moreover, it falls along the Delhi-Mumbai Industrial Corridor, which makes it a promising destination for property investment. Thane has emerged as one of the most attractive regions for investment in the Mumbai Metropolitan Region in 2015 due to the plethora of options available here as well as fast growth in infrastructure such as a proposed extension of Mumbai metro. Thane West witnessed good activity due to their connectivity and proximity to important commercial and industrial areas in the region. In terms of affordable areas, areas around Kalyan and Dombivli ruled the roost. With the selection of Kalyan and Dombivli as smart cities, one may expect significant commercial as well as residential activity in these areas in the coming years. With the political clout clearing around Hyderabad post the state bifurcation, the city has emerged as one of the most promising real estate markets of the country currently.
Low ticket prices and buoyant office space activity has boosted the realty prospects in the city. Marve is identified as the top destination, with an expected price appreciation of 94 per cent, thereby emerging as a promising asset class for the next five years. Kasarvadavali will experience a price appreciation of 59 per cent by then. New Airport Road in Viman Nagar is identified as a potential location with an expected price appreciation of 63 per cent, while Vishrantwadi is to witness a 55 per cent growth appreciation.
Varthur emerge as potential residential investment destinations with estimated price growths of 61 per cent and 55 per cent, respectively. Golf Course Extension Road and New Gurgaon emerge as potential destinations for residential investment in NCR. Narsingi cluster emerges as one of the potential destinations for residential investment. MMR, Whitefield in Bangalore, Viman Nagar and Nagar Road in Pune and Kochi are among top investment options in 2016. I have read this blog. I would say one should go through with it. Shree Ram Group is a leading real estate company in Jaipur, Rajasthan.