Top Property Investment Hotspots 2018 – West and North India 

Real estate is a dynamic industry where things can change from year to year and even from quarter to quarter. The Indian real estate market has certainly been in flux after the recent policy upheavals. As such, investment decisions must necessarily move with the times. Here are 2018’s top-ranking real estate investment hotspots in West and North India. West India Beyond a doubt, the Mumbai Metropolitan Region (MMR) and Pune have remained West India’s most favourable cities for real estate investment in 2018. The MMR realty market has regained a lot of momentum over the last few quarters, with both sales and new supply increasing q-o-q. MMR: As per ANAROCK data, out of the total new supply of approximately 50,100 units across the top 7 cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad) in Q2 2018, MMR saw maximum new launches with nearly 13,600 new units entering the market. There was a 59% increase in this new supply as against Q1 2018. On the sales front too, MMR clocked the maximum housing sales as against the other cities, with approximately 15,200 units being sold in Q2 2018 - an increase of nearly 26% as against the previous quarter. Pune: Meanwhile, the new housing supply in Pune took a quantum leap of 214% in Q2 2018. This quarter saw the launch of approximately 6,900 new units as against 2,200 units in Q1 2018. The new supply was dominated by two large projects in the affordable category. In terms of housing sales, the city witnessed a 24% increase in Q2 2018 over the preceding quarter. The realty markets in both these regions are very upbeat in 2018. Interestingly, the maximum launches in both these cities were in the affordable segment (<Rs 40 lakh) – evidently influenced by the various Government policy reforms and schemes specifically geared to boost affordable housing supply and consumption over the last few quarters. North India In North India, the major realty hotspots in 2018 are Gurgaon in Haryana, and Noida and Greater Noida in Uttar Pradesh.

• Gurgaon saw the launch of nearly 1,150 units in Q2 2018
• Noida and Greater Noida together saw the addition of approximately 4,500 units.

The new housing supply in both these regions saw a drop in Q2 2018 over the previous quarter – however, the sales numbers are buoyant. While Gurgaon saw a 20% q-o-q rise in housing sales, Noida and Greater Noida collectively saw a 25% increase in Q2 2018. Top Investment Destinations - affordable and the high-end If we examine the most lucrative micro-markets in West and North India currently, it emerges that the top high-end destinations are not necessarily the central districts of the city/region. This is because most central locations are saturated and have minimal or no new supply – in other words, reduced growth potential.