Global consultancy firm PWC has come out with its annual series of Emerging Trends in Real Estate for 2017 (Asia-Pacific). Amongst the top investment cities India has scored big with 2 cities making it to top 5. Here are our key takeaways from the list and some trending projects in the region.
- Bengaluru ranks no.1 both in terms of development and investment. Bengaluru has a large concentration of grade-A office spaces with a huge demand from IT/ITES, R&D, and BPO sectors. It makes it an important investment hub which is in focus of a number of institutional investors. Bengaluru was ranked 12 in the 2016 report, so it has come a long way in terms of future prospects.
Trending Projects
Emprasa Start Up City is based on the smart city concept targeted at the upcoming start-up culture. The low ticket size for a quality investment spread over 52 acres, has helped garner a lot of interest from investors.
Golden Gate Panorama, situated off Kanakapura road, offers three side open homes at very reasonable rates. The investment in this project comes with guaranteed exit options and an easy payment plan.
Monarch Aqua is a luxury project with lake facing homes located at KR Puram, off Old Madras Road. Attractive payment plan and assured returns has made this project a hot seller in Bengaluru
- PWC has ranked Mumbai second in its top investment cities, but it trails Ho Chi Minh City as third in rank for development. Mumbai is witnessing a strong demand for its office spaces but residential spaces continue to see sluggish demand. This is expected to improve in 2017 with old inventory clearing up and new units being lined up for sale. Long-term fundamentals for Mumbai stay solid and could have an influence on its ranking which was 13 in 2016.
Trending Projects
Spread over 7.8 acres, Alta Vista is an upcoming residential project in the fast growing micro market of Chembur (E). The project includes thousand residential units built over nine towers. They are available in a configuration of 1,2 and 3 BHK. The USP of the project is an attractive price protection scheme and a 40,000-sq. ft. elevated clubhouse.
Epsilon Phase 2, Kandivali (E) is a premium project being developed by SD Corp which is a joint venture between the Dilip Thacker group and Shapoorji Pallonji. This is a part of a larger development spread over 52 acres. On offer are 2 and 3 BHK apartments with special payment plans.
In Mumbai Metropolitan Region, Thane is seen as an upcoming realty hotspot. Hiranandani Estate situated off Ghodbunder Road is a sprawling community spread over 200 acres of land. Currently, bookings are open for Obelia and Solitaire projects within the township. While Solitaire consists of studio apartments, Obelia has high-end apartments with 2, 2.5 and 3 BHK configurations. Apart from the reputable brand name, its excellent location makes it a lucrative investment option.
Other cities
The only other Indian city on the list is Delhi. It has been ranked at No. 13. Amongst other major cities, Singapore has slipped down and is now ranked at 21., Hong Kong has fared a little better at rank 18. Sydney, ranked at 9, Beijing at 11 and Tokyo at 12 also show promising prospects.
