Top Ten Destinations Of 2013

The residential sector witnessed a great influx of investors this year but the same cannot be said about the private equity investment in the sector

. Though the homebuyers made maximum deals in the last 12 months, the economy will still be negatively affected due to the disinterest of people in the private equity investment in the sector. This is likely to have an impact on the first quarter of the next financial year, though the Real Estate Bill and the Land Acquisition Bill may improve the situation thereafter. According to the reports, Gurgaon, Noida, Ghaziabad, Faridabad, Mumbai, Thane, Pune, Haryana, Chennai and Bangalore are the top ten markets that are expected to do well in the coming year.

Gurgoan has emerged as an international style city with grade a commercial buildings and a fleet of high standard malls and residential complexes. Golf course has become a feasible investment market and with most of its projects nearing completion, the area is destined to become the next best market with high quality of residential houses. Dwarka expressway real estate market has gained great momentum this year. Almost 2,400 units are launched every month on Dwarka expressway; and looking at the demand of these units it can easily be said that the area has become a favorite of investors. Gurgoan has experienced a consistent growth of around 30% in the last 4 years. Noida too has been doing well since last 4 years and the overall supple in its markets has multiplied by 3.44 times in these years. The new and popular upcoming areas of Noida are sectors 70,74, 75, 76, 77, 78, 79, 113, 117, 118, 119, 120 and 121. Reports show that more than 53,000 units are expected to get completed in the year 2013-15. But the land acquisition issues that hamper the development of projects could continue to disturb the real estate activities in Noida, so the investors must do a thorough study of the project before investing in it and make sure its far away from any kind of legal hassle.

Faridabad, Mumbai, Thane, Pune, Haryana, Chennai and Bangalore are other markets that are likely to grow in the New Year. Ghaziabad real estate sector enjoys the advantage of its proximity to Delhi as well as the commercial sector of Noida. Faridabads real estate is growing at a slow pace, though the projects on arterial road could see an increase in the number of new launches. Mumbai saw the highest supply growth in 2010, but the growth has been slow since then. It has witnessed an average 20-23 percent of unsold stock in the last four years. Pune, Thane, Haryana, Chennai and Bangalore too are expected to witness real estate market growth in the coming years.

by: Deen Bandhu

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