Home buying in the year 2016 seems like highly promising for you. Many factors have developed and are being developed by the government, which will make the real estate sector, the all time best investment, as a smart choice for the coming year.
Indian economy is significantly grown in the past year even catching up with its arch rival China. The authorities have already progressing with the promotions of 100 Smart Cities, AMRUT (Atal Mission for Rejuvenation and Urban Transformation), Housing for All by 2022, easing of FDI policy, introduction of REIT’s and many other economic reforms that would aid for a significant economic boom in the coming year.
RBI has enacted a total rate cut of 125 basis points in this year, following which many banks cut their lending rates. While the country’s largest lender SBI was the first off the block to lower interest rates, HDFC recently entered the list by cutting the rates to make it par with SBI. Both the buyers and developers can expect for a transmission of these lower rates to consumers in the year 2016. The Real Estate Bill is also expected to be passed in the coming year, which can also amplify real estate boom. The PE (Private Equity) investment has also remarkably touched a seven year high. On the backdrop of this real estate boom, you can check out the following emerging locations that could be the best bets for your investments in 2016.
This unique area, blessed with the advantageous NH-24 has become a hot location of real estate activities. It is also one of affordable markets in the whole Delhi-NCR. The city also has been included in the Smart City list. It directly links Delhi and Noida by healthy road networks. Ghaziabad has many famous landmarks like Columbia Asia Multi Specialty hospital, Institute of Management and Technology and Hindon Air Force Station in its close proximity.
The location was coined when Noida decided to expand its frontier in Delhi-NCR. The main advantage of Greater Noida is its modest nature. When this is combined with the Metro network, which will be completed in 2017, Greater Noida has a lot more to contribute to the real estate in the coming year. It is one of the most lucrative destinations for buyers.
Located in Alwar, Rajasthan this location has been witnessing hot real estate activities. It is the part of DMIC (Delhi Mumbai Industrial Corridor) and advantageously placed close to Gurgaon. It is enriched by NH-8 and NH-71B. Bhiwadi will be also housing the second airport in Delhi-NCR, for which the civil aviation ministry has provided approval.
Golf Course Extension Road
This developing stretch has carved out its own niche in a short span of time. This unique locality has become one of the prime residential corridors of Gurgaon. The main advantage of this stretch is that it is placed close to the IGI Airport. It provides easy accessibility to NH-8 and South Delhi. Sector 55 and 56 along this stretch is aimed at the best for investments.
Real estate growth of this location is fuelled by good connectivity and high infrastructure activities. New Gurgaon is the moniker coined for the areas beyond the second toll plaza on NH-8. It will influence sectors immediate after the Kherki Daula toll plaza and right up to the sectors developed all the way till Manesar on both sides of highway.