if you are a investor then you would like to update yourself with the best places to invest in India. People who think out of the box really benefit over the time. See ! if you are a pieceful person and happy with the 9 to 5 job then may be you will not able to make some good profits because profits comes with risks and i will also not advice you to invest in real estate because it is the game of sharp minded people like pure  real estate business mans…but yes the profits are huge which you can not earn in your whole life time…Tier 2nd cities and Tier 3rd cities are good investment options to invest but what are these best destinations ?

As property market in india was growing at tremendous rate in last 10 years but presently the pricres either stable or less as compare with previous year so  It is important to be very alert what is going on in real estate market in India in this expensive market where prices on sky limits.

Some hot destinations in India comes with vadodra, Navi mumbai, indore, chandigarh, nasik, pune….& the list is going on…

The Demand in the metros continue, as in the year 2007 but the smaller cities, which have a huge potential to generate good returns for investors.

Anuj Puri, Chairman and Country Head, Jones Lang Lasalle Meghraj sheds some light on this. He says, “Emerging localities are a much better bet compared to saturated, bigger cities. As the prices in big cities continue to remain high and since optimal investment requires low entry levels and appreciable growth within a realistic time frame. Therefore, as one or the other destination reaches its peak potential on all these counts, new ones come into the limelight.”

The research firm puts together this handy list for you when you go property shopping.

Vizag – (in Andhara pardesh)

Why? Vizag real estate growth drivers are availability of land at cheaper cost via Hyderabad, relatively low cost of skilled manpower (as well as lower attrition rates), improving infrastructure and considerable demand. The market also has lesser competition and project costs are lower, leading to increased margins. Meanwhile, overall purchasing power in Vizag is high. The upcoming commercial and retail destinations in Vizag are Dwarakanagar, Seethamadhara, Gajuwaka, Rushikonda, Anakapalli, Bheemili and Paarwada. For residential investment, the best areas now are Madhurawada, Pendurthy, Parawada, Bheemunipatnam and the areas towards the Anakapalli Corridor.

India Property rates:

Seethammadhara: Rs 1,400-3,000 per sq foot

Murali Nagar: Rs 1,400-2,200 per sq foot)

Beach Road, MVP colony: Rs 2,800-3,500 per sq foot

Siripuram: Rs 2,500-3,200 per sq foot

Parwada: Rs 1,200-2,000 per sq foot

Vadodara

Why? It definitely ranks high among the emerging investment destination due to various projects. The prime residential areas are Alkapuri, Race Course Road, Old Padra Road, Jetalpur, Akota and Fatehganj.

Property rates:
Old Padra Raod: Rs 1,200-1,500 per sq foot
Alkapuri: Rs 1,900-2,300 per sq foot
Race Course Road: Rs 1,500-1,800 per sq foot
Fatehganj: Rs 1,300-1,700 per sq foot

Dehradun

Why? Dehradun property is seeing a gradual but definite boom associated with the rise of malls in the region. Land rates are rising and there is considerable infrastructure development. Another driver is the growth of Information Technology (IT) sector in the region. The State Industrial Development Corporation of Uttaranchal is setting up a high technology software park on more than 60 acres of land at Dehradun. Chatrata Road, Mussoorie Bypass and Sahastradhara Road are the best locations for small to medium investors.

Property rates: The current rates begin at Rs 3,500 per sq yard. Here will be between 10-12% of appreciation over the next three years.

Indore

Why? Indore real estate star is fundamentally on the rise, and offers good investment opportunities in project with low entry cost that are located in an area with good appreciation potential.

Property rates in Indore:

Vijay Nagar: Rs 3,000-10,000 per sq foot

Bypass, A B Road: Rs 3,000-10,000 per sq foot

Rau: Rs 600-1,200 per sq foot

Gulmohur Colony: Rs 3,500-6,500 per sq foot

Green Park Colony: Rs 800-3,500 per sq foot

Nashik

Why? Nashik is displaying an increasingly buoyant industrial scenario, with considerable growth expected in the IT/ITES industry. Overall infrastructure and connectivity Mumbai and other regional towns is improving rapidly, lending increased credibility to Nashik property market. It is a vertex of the Pune-Mumbai-Nashik Urban Golden Triangle. The upcoming suburbs of Anandwalli (Gangapur Road), Indiranagar, Untwadi, Aadgaon (off Mumbai-Agra Road) and along Pathardi Link Road bear special watching.

Property rates:

Gangapur Road: Rs 1,200-1,900 per sq foot

Mumbai Agra Road: Rs 800-1,600 per sq foot

Agra Road: Rs 600-1,000 per sq foot

Guwahati (in assam)

Why? The capital city of Assam has witnessed a population growth of over 40%, in the last ten years. This extensive population growth has been responsible for a quiet revolution on Guwahati’s real estate market. There is an upsurge in the retail sector, and outskirt locations such as Khanapara, Zoo-Narengi Road, Basistha and Beltola are emerging as the new residential destinations.

Property rates: Current rates range between Rs 1,800-2,500 per sq foot. The upcoming Games Village at Sarusajai will add a new flavour to the residential market along NH-37.

Chandigarh and its nearby places

Why? Though there has been a lot of speculation on Punjab’s real estate market, Chandigarh is among the emerging cities that are seeing very encouraging real estate trends. It is India’s first planned city, and it conforms perfectly to the key parameters by which we judge a city’s growth — property market, people, physical infrastructure, social infrastructure, and business environment. Chandigarh scores very high on these counts, especially in terms of the potential of its property market. Chandigarh property boom derives from the rapid development taking place on its outskirt areas.

Property rates:

Panchkula: Rs 2,500-3,000 per sq foot

Mohali: Rs 1,500-2,500 per sq foot

Dera Bassi: Rs 1,300-2,000 per sq foot

Zirakpur: Rs 2,700-3,200 per sq foot

Nagpur: Plans have been finalised to develop Nagpur as the logistics and cargo hub of India. “This along with decent land prices will propel Nagpur in the big league in the coming years.” Says Kapoor.

Pune: Despite, the ‘time-line perspective’ ie the growth for a period followed by a slowdown, this city remains an attractive destination for your real estate dreams.

Navi Mumbai: (in Mumbai)
This fast-growing area adjacent to Mumbai can be a very good value for your investments due to the upcoming economic hubs in the adjoining regions. “Panvel and Uran are especially areas to watch out for,” adds Kapoor.

Want to buy a home? Don’t wait!

If you want a place to live in 2008, you should go for it! The reason for this according to Harsh Roongta, CEO apnaloan.com is,’ Timing the prices in property market is not only difficult but very risky as well.’ Of course, provided you fulfil any of these three conditions, suggested by Roongta:

1. You are sure that you would like to live in the city long enough to justify the purchase.
2. You are confident about a steady income and an increase in it in the coming years.
3. You can afford the purchase and repay loan EMIs with ease.

Related and useful articles from other sites:

Maharashtra: Best investment destination in India – By rediff

Gujarat top investment destination in India: Deutsche Bank report by financial express

West Bengal still among top investment destinations’ – in business standard

‘Haryana, Punjab top investment destinations in north: Assocham\

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