Bangalore: Seventeen new corridors have emerged as strong investment destinations for investors with different risk appetites, according to the Cushman & Wakefield - GRI India Real Estate Investment Report 2007: ‘India Gaining Momentum’, which was released on Thursday.

 

Hinjewadi (Pune), Manesar (NCR), GST and Sriperumbudur (Chennai), Shamshabad (Hyderabad), Devanahalli (Bangalore), Greater Noida, Panvel and Virar, Rajarhat Thane (Mumbai), Kokapet (Hyderabad), Bidadi (Karnataka), Chakan, Kharadi (Pune), Bantala and Tumkur Road are the corridors that reflect high investment potential.

The exploration of suburban and peripheral developments of major cities as cost-saving and risk-diversification measures is emerging as a vital initiator for analysing the potential investment opportunity within these emerging corridors.

 

Mr Sanjay Dutt and Mr Anurag Mathur, Deputy Managing Directors, Cushman & Wakefield India, say that overburdened infrastructure, rising real estate and operational costs and limited availability of large land parcels have driven corporate and developers to seek alternate locations within their periphery.

 

“These emerging corridors are extensions of tier-I and -II cities that stand to gain from the existing talent pool and benefits from pre-planned infrastructure,” they add. The corridors are rated according to three parameters: sustainability, momentum and economic environment, on the basis of a multi-variable analysis.

 

Courtesy: The Hindu Business Line