new delhi madhmarve and ulwe in mumbai are the top residential investment destination in india promising property price appreciation of 94 per cent and 70 per cent by 2020 respectively according to a report by property consultancy knight frank india new airport road in viman nagar pune has merged as the third best investment destination with an expected price appreciation of 63 per cent by 2020 followed by panathurvarthur in bengaluru at 61 per cent majiwadakasarvadavali in mumbai at 59 per cent vishrantwadi in pune at 56 per cent and thanisandra in bengaluru at 55 per cent new gurgaon sectors 8195 in ncr is ranked as the eighth most attractive destination promising a price appreciation of 47 per cent by 2020 followed by golf course extension in gurgaon at 42 per cent and puppalgudanarsingi in hyderabad at 41 per cent the residential market demand in each of the selected destinations will be driven primarily by two factors employment generation and infrastructure development this includes the subject markets connectivity with important locations and social and physical infrastructure facilities available currently and in the foreseeable future says samantak das chief economist national director research knight frank india the indian residential sector has been reeling under tremendous pressure since the past couple of years despite a new government at the centre and a flurry of reforms homebuyer sentiment has not yet picked up due to issues such as stalled projects unaffordable prices delays in the completion of major infrastructure projects and low credibility of developers this demand slowdown in the residential market has resulted in a poor price performance over the last three years with most cities not even able to exceed even the inflation rate in the economy while the weighted average price in the six major cities of india mumbai ncr bengaluru pune chennai and hyderabad have appreciated in the range of 12 per cent to 23 per cent since 2012 consumer price inflation has increased by 24 per cent during the same period shows the report going forward we anticipate that price growth in residential properties will be considerably muted compared to the previous five years said said mudassir zaidi national director residential services knight frank india adding residential real estate will no longer be a speculative investment and will have to compete with other investment avenues such as equities commercial office space and commodities among others knight frank in 2012 had identified 13 locations across five cities as the top destinations to invest in prices in most of these locations have significantly outperformed the overall price growth in their respective cities while prices in hebbal in bengaluru has appreciated by 67 per cent they have increased by 50 per cent in ulwe in mumbai and hinjewadi in pune we strongly believe that any investment in real estate based on sound research can seldom go wrong and there are ample opportunities to earn healthy returns even today said das