Indian cities are developing at a pace never before,check out which locations in your city have highest rental yield and highest returns
Real estate investment in the National Capital Region (NCR) of Delhi, which includes cities like Gurgaon, Noida, Ghaziabad, and Faridabad, can be a good option due to the high demand for property in the area. Some popular areas for real estate investment in the NCR include:
Gurgaon: With a growing number of IT and multinational companies setting up operations in the city, Gurgaon has become a popular destination for real estate investment.
Noida: The city is known for its planned development and infrastructure, making it a popular choice for real estate investment.
Ghaziabad: The city has seen a lot of development in recent years, with a number of new residential and commercial projects coming up.
Faridabad: With a growing population and demand for housing, Faridabad has become a popular destination for real estate investment.
Rental yield in Delhi’s Hauz kauz retail has been recorded as India’s highest and world’s 20th,Delhi-NCR has been ranked 10th in the list of most expensive office market in Asia Pacific, according to Knight Frank. In its Asia-Pacific Prime Office Rental Index for Q2 (April-June) 2022, real estate consultant Knight Frank said that prime headline rent of commercial office space in the Delhi-NCR was recorded at USD 51.6 per square feet per year.
Greater Kailash is dotted with well constructed independent residences that may be millionaire’s homes. GK is one of the best places in India to invest in real estate, with big mansions that can be rented out for as high as INR 10 lakhs per month.
Hauz Khas is a thriving residential neighborhood in the National Capital Region. Condo revenues in this area might reach INR 8 lakhs per month if well-equipped big units are available.
Shanti Niketan, in South Delhi, is peppered with high-profile homes with prices ranging from INR 5 crores to INR 90 crores. Renting a home in this area might help you earn up to INR 5 lakhs each month. Smaller, unfurnished houses, on the other hand, are commonly rented for around INR 50,000 per month.
This area is in a league of its own. Golf Links is one of India’s best places to invest in real estate, with beautifully constructed luxury villas and large single-family houses. The expensive properties in this area may be rented out for as little as a lakh per month. Purchasing property in this city may cost up to INR 90 crores.
Mumbai, also known as the financial capital of India, is a popular destination for real estate investment. Some popular areas for real estate investment in Mumbai include:
South Mumbai: Areas like Colaba, Fort, Marine Drive, and Churchgate are known for their prime location, sea views, and upscale neighborhoods. They are considered as the most expensive and luxury real estate market in the city.
Suburbs: Areas like Andheri, Bandra, and Borivali are popular for their proximity to the city and good infrastructure. These areas are considered as the most expensive after South Mumbai.
Navi Mumbai: The satellite city of Mumbai, Navi Mumbai is known for its planned development and infrastructure. Areas like Vashi, Nerul, and Belapur are popular for both residential and commercial real estate investment.
Affordable Housing: Affordable housing schemes like MHADA and DDA are also gaining popularity in Mumbai and are considered as a good investment option for middle-income groups.
Mumbai was at 11th position with an annual rent of USD 45.8 per square feet, while Bengaluru ranked 22th in the list of 23 cities commanding an annual rent of USD 20.5 per square feet.
Located between Andheri and Borivali, Goregaon is an ideal destination in Mumbai for anyone who is looking for a good rental income. It is linked with Mumbai international airport, Western Express Highway, and the Jogeshwari-Vikhroli Link Road. Investors get a good rental income from 1 and 2 BHKs due to the Metro line from Versova-Andheri-Ghatkopar. After the Mumbai Metro Phase 2 is complete which connects Mankhurd-Charkop-Bandra-Dahisar and the Colaba-Bandra-SEEPZ, known as Line 3, the connectivity will improve even more.
Thane connects the suburbs via Trans-Harbour and Central railroad and has hence, become a prime spot. After a decade, Thane has developed so much that it gives investors a reaping rental income. There are many commercial estates in Thane which make it a city like Mumbai. The Wadala-Thane-Kasarvadavali Metro 4 and the Gaimukh-Shivaji Chowk Metro 10 will increase the real estate demands to another level.
Powai has always attracted home seekers due to the gorgeous Powai Lake and the very famous IIT Bombay. It has great connectivity to Central Mumbai via the railway and to the western suburbs via the JVLR. Powai has gained tremendous popularity among residents due to its easy access to Airoli, Vikhroli, and SEEPZ IT hubs.
Hyderabad is a rapidly growing city and a good option for real estate investment. Some popular areas for real estate investment in Hyderabad include:
Demand for rental housing is driven majorly by IT/ ITeS professionals. These industry professionals are always searching for rental accommodation nearest to their workplace. This is why the areas with the best rental structures in Hyderabad are concentrated in the western part of the city.
The area does compliment the well-laid social and physical infrastructure and network on the liveability front. At the same time, the area is set to receive a massive influx of potential suitors. The supply in the area is well-served by the builders and contractors. That, in turn, fetches the best rental prices for its worth to tenants.
Acting as a residential hub for the city’s IT centres, including the areas like HITEC City, Jubilee Hills, and Gachibowli. The proximity of Madhapur to leisure hubs, i.e., the food trucks, cafes, GHMC dog park, Inorbit Cyberabad, State Art Museum, etc., make it an expensive area.
As the location caters mainly to the premium segment, most of the available properties are in the 3 BHK or 3 BHK+ configurations.
Kondapur is doing splendidly well regarding rental returns. Kondapur was distant from the city centre long ago. Currently, it has in fact it has become one of the locations that are centrally located. A lot of the IT crowd lives there because of its proximity to the IT corridors.
The commercial development in the region is expected to raise the rent prices exponentially. While renting is an option many take, you could quickly expect a capital appreciation of at least 8 percent.
Ameerpet is situated close to Secunderabad. It serves as both a commercial and a residential hub in Hyderabad. The area also houses the metro station where passengers interchange between the Red and Blue lines of the Hyderabad Metro.
Home to many software training institutes and coaching centers. This area is trendy among students and bachelors.
Bengaluru, also known as the IT capital of India, is a popular destination for real estate investment. Some popular areas for real estate investment in Bengaluru include:
IT Corridor: The areas around Electronic City, Whitefield, and Sarjapur Road are home to many IT companies and have seen a lot of development in recent years. These areas are popular for both residential and commercial real estate investment.
Residential areas: Popular residential areas include areas like Koramangala, HSR Layout, and Jayanagar which are known for their good infrastructure and proximity to IT hubs.
North Bengaluru: North Bengaluru areas like Hebbal, Yelahanka, and RT Nagar are becoming increasingly popular for real estate investment due to the development of new residential and commercial projects.
Affordable Housing: Affordable housing schemes like BDA and BMICAPA are also gaining popularity in Bengaluru and are considered as a good investment options.
If you are an investor looking to earn handsome rental returns in Bangalore, then investing in Marathahalli, HSR Layout and Bellandur can be a good choice. These localities offer the highest gross rental yield across the city.All three localities have also been on the PropIndex list of the top ten preferred localities for rent in Bangalore for the last six months.
The rents here have increased by 13 per cent in the past one year,
Another reason driving rental demand is its easy connectivity. The signal-free ORR and the Old Airport Road link it to KR Puram, Whitefield, HSR Layout, ITPL and other areas of the city. “This road connectivity allows residents to easily travel to any part of the city,” says Kanan.
Hosur-Sarjapur Road Layout (HSR Layout) is next in the list. Similar to Marathahalli, the rental demand in the locality is driven majorly by IT professionals.
Rental values in HSR Layout have increased by 16 per cent in the past one year as per data with Magicbricks. Investing Rs 46 lakh can yield an annual rent of approximately Rs 2.1 lakh.
Bellandur is conveniently situated close to companies such as Intel, AOL, Cisco, AT&T, SAP Labs, Wipro, Ecospace and various other SEZs. The ORR and Sarjapur Main Road connect it to ITPL and Electronic City. It also has good bus connectivity to various parts of the city.