Factors that drive real estate prices in India

What are the determinants of property prices in India? The factors vary from city to city. In most countries, the construction of an airport noise is a reason for residents to flee, but in India, the prospect of a second airport coming up near Mumbai Khargar pushed prices. According to Gulam Zia, national director of research and advisory services, Knight Frank, the area of ??Navi Mumbai - will probably grow faster than other places in Mumbai - Vashi to Panvel from. This is mainly due to the expectation that the new airport could be here in the next 6-7 years, in addition to the trans-port. The appearance of the entire Navi Mumbai could change in coming years, as Kharghar and Nerul more growth. Noida and Ghaziabad come together, because the layout of the metro projects in the region. It is planned to extend the metro network in Manesar as well. These are areas of the developed fast enough and should be good here. In Chennai, it is the OMR - which stands for Old Mahabalipuram Road - ready to become the IT city hall. The IT industry is the engine of economic growth in the region. Above, the area around Mahindra World City also see a lot of development. Industrial growth in this region is a major factor contribution. Overall, a balanced mix of growth is supported in this corridor. Disturbances on Telangana aside, Hyderabad, have always been important areas of growth have been Gachibowli, Madhapur and Shamshabad. It is again the main driver of growth. A tremendous amount of supply of real estate can be seen in Hyderabad. "Overall, the city is not as attractive for investment than other southern cities are still in other cities in our top 10," said Zia. In Bangalore, to places that offer good growth enough, the angle, and the area Sarjapur Ring Road intersection. A particular aspect to note that in the vicinity of the city and region Whitefield is an electronics development to see well, but both communities are fighting for the infrastructure. However, these two sectors experience healthy growth over the next two years. Other locations to be monitored include the area around the road between the new airport and Hebal, because they are likely to grow significantly in coming years. In the east the only city of Kolkata in the top 10 cities is expected to experience significant growth. "Kolkata is betting on the IT history. Several projects in Rajarhat and Salt Lake expected. Other locations are emerging Mahesh Tala Tala and Tara. Many new churches are built in Tara Tala and transformed gradually from an industrial area in a municipality of residence . It is a promising area for future