| October 5, 2007 | |
Cushman & Wakefield, a leading global real estate services firm, has listed 17 new locations in India as potential investment destinations. These corridors are believed to hold different risk factors.
The list includes Hinjewadi, Manesar, GST near Chennai airport, Sriperembudur, Shamshabad, Devanahalli, Greater Noida, Panvel and Virar, Rajarhat, Thane, Kokapet (Hyderabad), Bidadi (Karnataka), Chakan, Kharadi (Pune) Bantala and Tumkur Road.
With India poised for high real estate development, the exploration of suburban and developments of important locations come up as the significant initiators for the assessment of the potential investment prospects within these upcoming corridors, as per the data showcased by India gaining Momentum Report.
The report rates these selected corridors on the basis of three parameters: sustainability, momentum, and economic development. There are some locations that score high primarily because of their infrastructure facilities and the nature of economic activity along with broader location. This is why the long term corridors will emerge as the most sought after destinations for real estate investments as far as the risk minimization is concerned.
Many corporates and builders are gearing towards new locations with their periphery due to increasing development costs and limited availability of land. These destinations are extensions of tier – I and tier – II cities and stand to gain from the present talent pool and earn benefits from pre-planned infrastructure.
News Published Under: Real Estate India |
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