India's Best Growth Corridors in 2016

Realty markets along the industrial corridors are expected to be prime hubs of investment in 2016, owing to infrastructure development and expansion.

Since the time the existing government has taken up the baton from the previous government in 2014, to has been actively announcing several initiatives, reforms and capital funds to boost the real estate market. Right from ‘make In India’ campaign to industrial and infrastructural developments along the five industrial corridors it is aptly setting the stage to uplift the dwindling realty market of the place.

Industrial development always acts as a catalyst for the growth of any realty market. Therefore, the major focus here is on-going industrial developments along he five major stretches – Delhi Mumbai Industrial Corridor (DMIC), Mumbai-Bangalore Economic Corridor (MEBEC), Chennai-Bangalore Industrial Corridor (CBIC), Visakhapatnam-Chennai Industrial Corridor (VCIC) and Amritsar-Kolkata Industrial Corridor (AKIC).

The Director, Finlace Consulting Pvt Ltd, Pawan Jasuja adds, the rise in Industrial activates will definitely increase demand for office space and other commercial land like industrial property. This will convert into more demand for residential units, especially in affordable category.

DELHI-MUMBAI INDUSTRIAL CORRIDOR

Experts anticipate DMIC will impact 20 cities across the country. Expansion and development of infrastructure along its nodes is likely, to impact the tenant’s purchaser in many ways. According to Knight Frank Report, the study highlights that DMIC plan will have a rub-off effect on the smaller urban centres in proximity to plan nodes and are expected to grow faster rate than the bigger ones.

Starting from Western Uttar Pradesh (UP) to Mumbai, the most important planned along the stretch is railway freight line that will cover 1438 km and is anticipated to generate 3 million job opportunities benefitting the budgeted residence purchaser. The key regions to watch for realty growth in the short in the short- term include Dadri and Charani Vihar in Ghaziabad owing to proposed metro connectivity and two industrial sectors in the neighbourhood. Adjoining to Gurgaon, an industrial hub of Bhiwadi which is well-connected to NH8 and NH71 will also see an uptick. Other regions that are expected to grow in the short-term are SG Highway, Satellite in Ahmedabad, Mhow Rajendra Nagar and Ambicapuri in Indore Dholera in Gujarat , C-Scheme, Ram Bagh, Bani Park and Tonk Road, Jaipur and Goverdhan, Mahesh Nagar and Kamla Nagar In Jaipur

AMRISTAR-KOLKATA INDUSTRIAL CORRIDOR

AKIC is largely going to benefit many cities along its development. Ludhiana will be first city to witness realty growth along the corridor. The major impact will be seen around regions as Dalbazar, Janakpuri HM Colony and Guruarjandevnagar. Patna will be second to benefit with localitieslike Frazer Road Area, Defence Colony, NayaChowk and Hanuman Nagar. Famous for its small and medium enterprises (SMEs), Kanpur is also expected to pick u pace in and around regions like Cooper Ganj, Trivedi Nagar and Shankaracharya Nagar.

Among other cities regions will witness growth include Sudamour, Bhagwanpur and Ratanpur in Varanasi, Bidhan Nagar, Benachity and Hari Bazar in Durgapur and Munshibazaar, Wellington and Kumarpur in Asanol.

MUMBAI-BANGALORE ECONOMIC CORRIDOR

On a broader perspective, major metro cities that have witnessed short-term benefits from this corridor include Pune, Mumbai and Bangalore. However there are some smaller towns too that are reaping benefits on the back of infrastructure developments. Tumkur Road an industrial hub in Bangalore is the prime region that has lured investors and end-users from the announcement of the stretch. Other region in and around to benefit from the development include Shantinagar and Kundur.

Furthermore, Kolhapur is a renowned textile industrial hub that has also seen an improvement. Prominent regions to that have witnessed major activity include Shantinagar, Vidyanagar and Temlaiwadi.

CHEENNAI-BANGALORE INDUSTRIAL CORRIDOR

Connecting Chennai to Bangalore via Sriperumbudur, Ranipet, Bangarpet and Hoskote, CBIC is not only to boost commercial development but will also uplift the residential market. Although the plan is as its nascent stage, there are some small regions along the stretch other have witnessed traction

Satellite town of Bangalore, Hoskte has witnessed realty growth backed by presence of educational institutions and industrial hubs. Besides, its geographical site at the intersection of NYH-4 and NH-207 also adds to its realty evolution.

Other small urban pockets that are expected to witness a hike include Sikarajapuran, thendralnagasr and Zion Nagar in Ranipet and Mabakkam and Vellaganni Nagar in Sriperumbdur.

VIZAG-CHENNAI INDUSTRIAL CORRIDOR

Another growth corridor which will boost the realty along its way is VCIC. Situated onNH-5, Nellore is a prominent agriculture and aquaculture hub. The key regions here with high realty potential are in and around Parameshwarinagar, Balajinagar and South Rajupalem.

Another region that is expected to pick in the short-term is Vijaywada in Andhra Pradesh. Besides political advantage, this region is growing on the back of presence of a commercial hub and is touted to be a hotspot for realty investment in the near future. The smart city tag is an additional advantage. Some of the key regions to watch out for realty growth here include Machillpanam, Guntur and Tenali.