These Are India’s Most-Searched Localities
Social and physical infrastructure, availability of jobs and pricing benefits are the determinants of a locality’s popularity. Now let us check out which are the localities in India's key cities demand for which is high among homebuyers.
Affordability is helping Gota climb the preference ladder. An efficient public transport network that has booted connectivity in the area has been helpful, too. This locality is perfect for raising a family with a great number of schools and healthcare facilities. Gota offers a good mix of mid-segment and luxury properties for sale.
Average unit price: Rs 12 lakh-Rs 5 crore
Average square foot value: Rs 2,950
Bengaluru: Whitefield Hope Farm Jn
In Bengaluru, Whitefield Hope Farm Jn came up as an affordable alternative for the workforce employed in the city’s central locations. This locality gives even those young professionals, who have only been working for a couple of years, to have a house of their own in a city that is now counted among the most expensive property markets in the world.
Overall, Whitefield is an independent township with easy access to retail, entertainment zones, etc.
Average unit price: Rs 25 lakh-Rs 12 crore.
Average square foot value: Rs 5,360
Lying along the Old Mahabalipuram Road (OMR), Chennai’s Thoraipakkam is a preferred investment destination. Besides jobs, connectivity via local trains is an additional benefit for those who wish to commute to other strategic locations in Chennai. Thoraipakkam is also an affordable alternative to localities such as Velachery, where IT professionals flock to for work. Spacious projects have made their entry into Thoraipakkam and those craving for luxury of space are opting for various formats of housing such as apartments, villas and condos.
Average unit price: Rs 20 lakh- Rs 7 crore
Average square foot value: Rs 6,440
Delhi: Uttam Nagar
Uttam Nagar is an affordable market in an expensive city where fresh properties are hard to find. Since connectivity is no issue as Uttam Nagar is connected with the rest of the national capital through the Metro network, this affordable locality remains popular among property seekers.
Average unit price: Rs 10 lakh-Rs 5 crore
Average square foot value: Rs 3,940
In Hyderabad, majority of homebuyers search for a home in Madhapur. From IT offices to five-star hotels and from convention centres to recreational avenues, Madhapur has it all. The busy work centre is well connected to major areas of the city through roads. Luckily, those looking to build large houses would not find it difficult to buy a residential plot here.
Average unit price: Rs 25 lakh-Rs 5 crore
Average square foot value: Rs 7,300
Kolkata: New Town
Thanks to new projects, a lot of new generation homebuyers prefer New Town in Kolkata. Presence of multi-national companies is the single biggest reason why developers have been launching new projects here. Investors are also seen putting their money here, expecting handsome rental income.
Average unit price: Rs 15 lakh- Rs 5 crore
Average square foot value: Rs 3,585
Mumbai: Mira Road
For those having to battle between affordability and convenience, Mira Road is a top pick in Mumbai. Prevailing property prices are way less than localities such as Andheri, Kandivali and Malad. Connectivity-wise, Mumbai, Thane and Navi Mumbai are easily accessible, thanks to the Western Express Highway and the suburban railway network.
Average unit price: Rs 20 lakh-Rs 20 crore
Average square foot value: Rs 7,725
According to data available with Housing.com and Makaan.com, buyers looking for property in Pune are obsessed with Hinjewadi. Home to over 165 information technology companies, this residential corridor offers all things buyers can wish for. Adding to the charms of this locality is the fact that Hinjewadi would soon get itself on the Metro network. Under Phase-III, the Pune Metro would connect this locality to Shivajinagar.
Average unit price: Rs 30 lakh to Rs 7 crore
Average square foot value: Rs 5,700