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Cover Story

The top 10 1. NCR 2. Mumbai 3. Bangalore 4. Hyderabad 5. Ahmedabad 6. Pune 7. Chennai 8. Kolkata 9. Kochi 10. Coimbatore

Real estate hotspots From the real estate perspective, specifically commercial space, the National Capital Region domi- nates as substantial projects have and are coming up in Gurgaon, Noida, Faridabad, Ghaziabad etc. As per the Assocham study, Maharashtra tops (percentage wise) with 18.7 % of the Rs. 14.14 lakh crore investment; followed by Karnataka 15.2 % of Rs. 9.85 lakh crore; Gujarat 14.23 % of Rs. 16.28 lakh crore; Andhra Pradesh 11.06 % of Rs. 12.09 lakh crore, while Odisha had a measly invest- ment of 0.9 % out of Rs. 12.09 lakh crore.


The NCR is where all the activity, both industrial and services sec- tor, is happening. Massive pro- jects, commercial and residential, are dotting the skyline of Gur- gaon, Greater Noida, Ghaziabad, Manesar etc. Mega developers such as DLF, Ansal API (Sushant Megapolis, Earth Infrastructure (Earth Sapphire, Earth Techone, and Earth Beta Tech), Wave Infrat- ech (Wave Mega City – 152 acres of mixed development) etc. are getting ready at brisk pace.

Mumbai Despite land constraints in Mum-

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bai, the financial hub continues to be one of the hottest property destinations. The suburban areas are where the piece of action is. Major development projects are coming up in Panvel, Navi Mum- bai, Vasai-Virar. Some of the pro- jects which are making news are Capital and FIFC Tower A in BKC (1.3 million and 182,000 square feet), Peninsula Business Park in Lower Parel (1.1 million sft), Ackruti Solaris and Times Square in Andheri East (800,000 and 690,000 sft), Nesco in Goregaon East (600,000 sft) among others.

growth of areas such as Ban- nerghatta Road, BTM Layout, Hebbal, there is increased mo- mentum in North and East of Bangalore where several projects have been slated. Sarjapur is one area to look for, both from com- mercial and residential invest- ment, as Wipro has an ambitious campus there, besides other biggies. Developers such as Pres- tige, Divyasree (has 10 projects, including two SEZs Orion and Technopark), Brigade Group (Bhu- walka Icon in Whitefield; Magnum in Hebbal) and others.

Hyderabad It was giving Bangalore a run for its money in the IT and ITeS sec- tor, but now its pace has slowed down by the Telangana agitation. However, there are a number of players who are still betting on Hyderabad and the areas which are witnessing real estate activity are Alwal, Kapra, LB Nagar, Pa- tancheru, Uppal Kalan, Malkajgiri etc. Divyasree has three projects in the pipeline (Orion, Trinity and Omega); Berggruen Hold- ings (high-end commercial office complex close to Hitech City); DLF IT SEZ etc.

Ahmedabad It is India’s fastest growing cities due to good infrastructure and proliferation of high networth in- dividuals. Spurred by the develop- ment mantra of the government, substantive investments are being made here. The Tata-Arvind Rs. 1600 crore integrated township project has commenced.

Bangalore Bangalore by virtue of its climate and the growth of the services sector has become a leading property hotspot. After the

Pune The services sector is driving the growth of Pune real estate market as the city has a lifestyle which is

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