Why is India investment property so attractive? May 6, 2009
Posted by janey in : india , trackbackWhy is India investment property so attractive? Of all the talked about and said to be strongest future economic powers which include Brazil, Russia and China, only India is set to sustain strong and high growth into the second half of this century with its economy expected to be bigger than Japan by 2023 and the US by 2042.
India’s largest cities New Delhi and Mumbai, will be the world’s secong and third most populated by 2015 and in doing so will provide massive concentrations of retail sales potential.
The government in India has taken extensive steps to help and encourage the growth of the economy. Some of the steps taken to drive domestic demand over the last 10 years include -
1. Regulation Reforms driving economic growth.
2. High investor confidence driving FDI
3. Increasing consumerism driving domestic demand
4. Trade and investment economy has been opened up
5. Dismantled controls reduced bureaucracy
6. Private sector investment actively encouraged thereby reduced public sector monopolies.
Economic growth:
India is the 7th largest global economy in terms of Gross 9.40% Domestic Product (GDP) and has grown around 8% per annum in the last 3 years. The World Bank forecasts growth of the Indian economy in the next financial year is at 5.8% while the global economy is expected to be only 0.9%.
India’s economy growth is being spurred on by continued performance of services sector. India should be expecting growth in industrial production of up to 10%, up from 8.3% in 2007, with the India food market to double by the year 2025 revenues expected to rise to US$5.37bn in the next four years from US$1.6bn in 2008.
Real estate Investment Activity
These Strong economic indicators are helping to make more attractive the property investment market in India, one of the most current popular investments include Chandigarh Property. Punjab and Haryana State capital city and one of the most modern cities in India and as such a very desirable place to live for the up and coming and more affluent and wealthy Indians.
Also Chennai property is very attractive – Still famous for its classical concerts but more recently fast becoming a major IT development centre; its population has now flourished to 7 million. So it is no wonder that investment property in Chennai is very attractive.
Comments
Sorry comments are closed for this entry