In what could be much-awaited news for prospective investors, Cushman & Wakefield has come up with a revelation that the present time is ideal for investing in real estate. Also, the report by the firm has guidelines as to when to invest, a good deal during the initial months of 2014 is recommended.
It is also a wise move to invest after the upcoming general elections as the prices are in for a change. Last year, things were moving slowly due to a decrease in property buyer interest. And, many were convinced that better times are imminent and postponed investment plans.
This new development is a respite for them. And, it is also mentioned in the report that metros, despite the high prices are the best investment. The reason mentioned is that irrespective of any developments, prices are always in for a big leap. A metro means more educational and employment opportunities, more housing options, improved infrastructure and a lifestyle that could be matched with international standards.
If you are able to select a location that is easily accessible from other important areas and provides all basic amenities, your chances of returns are manifold.
There is city-wise information as well on the prominent locations. In Bangalore, the following places were recommended. Hebbal and KR Puram, with the expected percentage of appreciation being well above 90 percent within a few years.
When it comes to Pune, the following are recommended: Ravet, Wakad, Hinjewadi and Tathawade. When considering Mumbai, preference is for these regions; Ulwe, Wadala, Chembur, Kurla and Lower Parel.
The areas in the vicinity of National Capital region have the potential to receive double the initial price in a matter of few years.
In the case of Chennai city, rates in Medavakkam as well as Pallikaranai might double in about five to six years of time.
Hyderabad also has several prominent areas with exceptional possibilities for returns on investment which might go up the ladder with issues on the Telengana matter settles forever. The city of Hyderabad, despite its historical importance and good opportunities, could not see major real estate activities taking place due to the political uncertainty, and things are likely to undergo a change at earliest.