Check out these key locations before purchasing your home
‘Real estate’ has always been looked upon as an attractive investment avenue. Back home in India, owing a house has its own emotions and values attached. Why should it not too? Various factors such as location and surroundings, design and quality, amenities and facilities, market dynamics, etc. make a property attractive. However, location as a factor is pivotal and weighs the heaviest amongst all factors.
Connectivity of a location, availability of public transportations, development of physical and social infrastructure like educational institutes, healthcare facilities, retail developments are factors of utmost importance for an end-user of property.
A few key locations to watch out for are:
Northern Peripheral Road (NPR), Gurgaon, Delhi-NCR
The Northern Peripheral Road (popularly known as Dwarka Expressway) is a 150 meter wide link 18 Km stretch road. Commercial activities here are expected to gain traction in Gold Course Extension, Sohna Road, Gold Course Road and NH-8 in and around this cluster.
This cluster primarily offers mid to high-end dwelling options from several local, regional and national level developers. This market offers both plotted developments and high-rise group housing projects.
The Kalyan-Dombivli belt (beyond Thane) is an extension of eastern suburbs in the Mumbai Metropolitan Region (MMR). Proximity to Navi Mumbai and connectivity to major work places along the peripheral business district of Thane-Belapur Road (Airoli, Mahape, etc) along with well-developed social infrastructure, this market demands capital values in the range of INR 3, 000 – 5,500 per sf.
In this sub-market, morethan 15,000 residential units are at different stages of construction mainly catering to the lower and middle income groups.