17 Emerging Corridors on Indian Real Estate Map

A Cushman and Wakefield-GRI Real Estate Investment Report has brought to light the 17 emerging corridors on the real
estate India map, following the land crunch and unaffordable property rates in metros.

Top ranking destinations are Hinjewadi near Pune and Manesar near Gurgaon,
scoring high on all parameters, says the report, with a promising future
ahead. Their growth would continue to be sustained by the neighbouring
towns.

Other corridors finding a place on C&W’s report are GST, Sriperumbedur, Shamshabad, Panvel, Virar, Greater Noida, Devenhalli, Chakan, Khadadi, Kokapet, Bidadi, Thane, Bantala, and Tumkur Road.

These zones were graded on the basis of their sustainability, pace of
progress, and the economic environment. The ranking serves as a guide to
investors scouting for long-term investments in upcoming locations.

State capitals and their suburbs are getting highly congested with industrial
clusters, corridors and hubs, driving the private sector to relocate
to Tier II and Tier III towns.

The National Association of Software and
Service Companies has listed towns like Chandigarh, Pune, Visakhapatnam,
Vijaywada, Mangalore, Mysore, Kochi, Coimbatore, Madurai and Tiruchi
where business will grow.

However, some of these locations are already
succumbing to the lack of civic infrastructure, and future business
has no option but to look at vacant land fringing these towns.

Photo: Street views in Chennai 2K22TNKAN (77) by Vinayaraj, licensed under CC BY-SA 4.0, via Wikimedia Commons.