Sunday, January 4, 2009

Nine best places to invest in real estate in 2009 - according to Jones Lang LaSalle Meghraj (JLLM)

Investing your money in real estate is not enough. Knowing where to invest is necessary for attractive gains in the property market. So which are the best places to invest in real estate in 2009?

Global real estate consultancy Jones Lang LaSalle Meghraj (JLLM) outlines the nine best places that can fetch you lucrative returns:

Pune:

Pune’s new growth corridor encompassing Kharadi and Nagar Road can be considered as the most lucrative real estate investment zone for 2009-2010. Proximity to revamped airport, improved connectivity, upcoming IT SEZs, commercial ventures and reasonably low entry costs make it profitable for investment.

Price: Rs 2,700-3,500/sq ft

Mumbai:

It has different areas in which growth can still be observed. These areas will sustain prices even as other areas in Mumbai will see a correction. Vasai-Virar region, known for budget housing, is a good bet as connectivity will increase with additional trains planned for next year.

Price: Rs 2,500-3,500/sq ft

For prime property hunters, Bandra-Khar area is a preferred destination owing to its elite profile & high-level of shopping & other facilities.

Price: Rs 18,000-25,000/sq ft
To read more, please, visit The Economic Times

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