Goa Tops the Chart of ‘Emerging Growth Centers’

June 28, 2007	(Be the first to rate this story!)  Loading ...
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Goa has been rated as the best in terms of social infrastructure in a study of India’s emerging growth centres. Whether cost of living, presence of quality educational institutions or entertainment avenues, Goa has everything.

Prices of residential property in Goa are likely to shoot up with an increasing number of high net worth individuals holding large interests in sea facing villas and apartments.

Kochi, the commercial capital of Kerala, too benefits from its location. Sought after as a major tourist hub, the city has come up as a significant transport and investment destination.

With the government of Kerala putting so many hard efforts to gain attention from IT/ITes companies through upgradation of transport, water supply, and other infrastructure facilities, the real estate scenario in the state seems to hold great potential.

Visakhapatnam, known as the fastest growing industrial city on India’s east coast, is also availing productive response from IT/ITes sector. Rising developments in Indian retail sector has also pushed the real estate sector.

Ahmedabad has also made an entry into the chart of top five upcoming cities. The city has a buoyant industrial base, but is now expanding its horizons to emerge as a lucrative investment destination for IT/ITes companies owing to the extremely low cost operations. Ahmedabad has been seeing a soaring demand for low rise building, bungalows, and row houses.

India would need to invest an additional amount equals to 3-4% of GDP on infrastructure if it requires to maintain its present growth, says the data showcased by the Knight Frank study.

Overall, the efforts of the nation will be focused on pushing economic development of smaller towns and cities.

News Published Under:   Real Estate India |

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