New Delhi: Real estate seems to be hot property these days. With stock markets maintaining high volatility, more and more investors are looking for alternatives to invest in the real estate sector.
“An appreciation of 15 to 20 per cent year-on-year basis will give good returns,” says CFO, JLL Meghraj, Santosh Kumar.
 

A fundamental real estate investment mantra is to invest in emerging cities.
Here’s where you should be investing your money in.

NORTH
Dehradun
Property Rates: Rs 3500/sq yard
In the North, a lucrative place to invest in is Dehradun. It's riding on Uttaranchal's thrust on infrastructural development and the state's newfound love for Information Technology. There's also a proposed 60 acre IT software park there.

Chandigarh
Property Rates: Rs 2500 - 3200/sq ft
And joining Dehradun is Chandigarh, which already has a planned city tag to its credit and now it is riding on some rapid development that's happening on its outskirts.


EAST
Guwahati
Property Rates: Rs 1800 - 2500/ sq ft
On the eastern front, Assam's capital Guwahati is riding high on a population growth.


SOUTH
Vizag
Property Rates: Rs 1400 - 3500/sq ft
In the south, port city Vizag, is fast emerging as a favourable investment option. It is cheaper as compared to Hyderabad. And not just that, the thrust there is on improving infrastructure that is also fuelling demand.

CENTRAL
Indore
Property Rates: Rs 600 - 6500/ sq ft
In Central India, Indore is offering good investment opportunities with projects that are low on cost, but at the same time have a good appreciation potential.

WEST
Vadodra
Property Rates: Rs 1200 - 2300/sq ft

Nashik
Property Rates: Rs 800 - 1900/sq ft

And in the west, Vadodara and Nashik are making the most of the growth in the IT industry.

However, before one makes investments, there are a few things to remember.

It is not advisable to invest in property that has been rising purely on speculation. One will have to be careful if there is too much supply of real estate. It's better to bank on areas where local government is involved in infrastructure development and before one puts in money, it is crucial to check for the available amenities in the area.

High property rates and real estate boom is one thing but one has to be prepared for economic slowdowns also.

“One should study the potential of the city where you want to invest. Find out the pace of development and the developer working on the project,” says CFO, JLL Meghraj, Santosh Kumar.