If you were investing in real estate in the past couple of years, which destination would have given the best returns?
The answer is not Mumbai, Delhi or Bangalore. Kolkata, Faridabad and Bhopal would have been better choices. As per the National Housing Bank's Residex - an index of property prices, real estate prices in Kolkata have outpaced other metros since January 2007. The causes of Kolkata's price rise are many, the key being that property values there started-off at a lower base as compared to Delhi and Mumbai.