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The study, undertaken on the luxury housing market in India, was based on the number of visits and searches on property.sulekha.com, its dedicated site for all property needs, through 2011 and 2012. It also takes into consideration trends in premium property listings in the last two years.
The analysis only covers properties priced between Rs 1 crore and Rs 15 crore across eight cities of Delhi, Mumbai, Chennai, Bangalore, Kolkata, Hyderabad, Pune and Ahmedabad.
Places to look for properties in the range of Rs 1-6 crore: in Chennai were Neelankarai and Abhiramapuram; HSR layout and Shanti Nagar in Bangalore; Sainikpuri and Attapur in Hyderabad; Vile Parle East and Bandra West in Mumbai; Punjabi Bagh East in Delhi-NCR; Kothrud and Baner Road in Pune; Ambli and Odhav in Ahmedabad; and EM Bypass and Malda in Kolkata.
In the Rs 4-6 crore category, it was Boat Club Road in Chennai; Vijaya Bank Colony in Bangalore; Domalguda in Hyderabad; Bandra West and Nalasopara East in Mumbai; Som Vihar in Delhi-NCR; Model Colony and Aundh in Pune; Naranpura and Juhapura in Ahmedabad; and Ballygunge in Kolkata.
The premium property market is on the upswing across all the eight cities. Compared with 2011, there was a 64 per cent increase in 2012 in the number of searches on Sulekha.com for properties between Rs 4 and 6 crore.
Villas were most searched for in 2011 (58 per cent of the premium property), while in 2012, plots were most sought after (55 per cent), it said.
