Knight Frank India today launched the first of its kind Investment Advisory Report thereby signifying the beginning of a series on real estate investment advisory.
This report identifies the top residential destinations in the country and addresses the need of the house buyer from the investment point of view over the next five years (2013- 2017). Notwithstanding the slump in the real estate market, the report unravels destinations like Ulwe in Mumbai as the most promising investment destination with price appreciation of 145%.
The study involved extensive research and has identified these destinations from over 100 urban centers in the country. It is based on assessment of real estate drivers namely employment, physical infrastructure, connectivity to important locations, access to social infrastructure, planned development, proximity to premium office spaces & land availability. A total of 13 destinations have been identified which are spread across Mumbai, Delhi-NCR, Bengaluru, Chennai and Pune. It also identifies select under-construction projects in each of these destinations where an investor can buy property.
The Top 13 Destinations in the Country From An Investment Point of View Over the Next Five Years
2012 Average Price (Rs./sq.ft.)
2017 Forecasted Average Price (Rs./sq.ft.)
Prices to double in (Years)
Mumbai: The Top City To Invest In:
The top three investment destinations from all over India, with price appreciation in excess of 125%, are from Mumbai. The city ranks ahead of NCR, the biggest residential market in the country. The city will witness burgeoning commercial activity resulting into occupied office stock increasing by 63% in 5 years. While the upcoming Eastern Freeway Project will enhance the south-north connectivity, the upcoming Metro Rail will address the much needed west- east connectivity in the city through a mass rapid transport system by 2015.
Navi Mumbai: A Key Growth Zone:
Developed as the planned satellite city of Mumbai, Navi Mumbai is emerging as a self-sustained real estate market on account of the presence of employment opportunities primarily in the IT/ITeS sector.
Occupied office stock in Navi Mumbai will increase by 105% in the next 5 years.
Increase of air passengers from the current 29 mn. passengers to 119 mn. in 2030-31 will be supported by the city's second international airport coming up in Navi Mumbai
65,403 units out of the 87,055 residential units launched in Navi Mumbai since 2007 are already sold
Ulwe, Chembur and Wadala: The Top 3 investment destinations in India:
Ulwes residential property is forecasted to appreciate by 145% over the next 5 years
Of the 6,606 residential units launched in the region since 2009, 4,805 units are already sold
Ulwe will benefit on account of the corollary commercial activity arising from the upcoming International airport and the SEZ land
Ulwe has access to the zone's 5 major office markets within a distance of 22 km. The upcoming Seawood-Uran suburban train network will enhance this access through a mass rapid transport system
The discount factor of residential capital values in Ulwe in comparison to Vashi will reduce to 38% by 2017Chembur:
Residential property in Chembur would appreciate by 125% over the next 5 years
Of the 3,518 residential units launched in Chembur since 2007, 2,625 units are sold
On account of its strategic location in the MMR, overall growth of employment in the city will drive the residential market of Chembur
The Eastern Freeway project and the Santacruz Chembur Link Road will significantly enhance the connectivity of Chembur with island city and western zone respectively
The Chembur-Wadala phase of monorail project is in an advanced stage of construction and is expected to be operational by early 2013
Prominent office markets of BKC and Lower Parel are located within a distance of 12 km from ChemburWadala:
Wadala residential property shall appreciate by 133% during the next 5 years
Of the 1,871 residential units launched in Wadala since 2007, 1,387 units were launched in 2011 alone
With a slew of launches in the premium segment, the perception of Wadala as a residential market has significantly improved
Being strategically located, Wadala will benefit from its connectivity with employment hubs across the MMR
The region development authority's intention of developing Wadala in a similar manner as BKC will further increase the appeal of this destination
The region has the potential to provide a lifestyle shift, which is possible in projects developed on large land parcels that facilitate high rise premium developments with plush amenities