REASON FOR INVESTMENT IN INDIA
INDIA'S STABLE GOVERNMENT STRUCTURE :
India is an independent Commonwealth country governed by a parliamentary system with a cabinet and the overall system is not unlike that found in the UK. India’s parliament is overseen by a president, and a democratic election process takes place to herald in changes in party leadership. The familiarity of the system is very comforting for investors who want to be able to understand what happens on the local political front where they buy. The political climate has its ups and downs, but overall India remains very stable at its core. This is a great confidence booster for investors looking to buy property in India.BOOMING ECONOMY :
The upswing in the Indian economy is very good news for real estate investors who want to buy in a thriving economic climate where there is massive potential for growth and overall development.
TOURISM DRIVES INVESTMENT RETURNS FOR PROPERTY BUYERS IN INDIA :
The legendary sights of India are very attractive for world travelers who want to visit exotic destinations. As the Indian government markets the history, beauty and incredible eco-tourism possibilities the country has to offer to potential visitors from all over the globe, investors are finding their property purchases in India pay off well with rentals to holidaymakers.STRONG INVESTMENT RETURNS ARE HIGHLY ATTRACTIVE FOR PROPERTY INVESTORS IN INDIA :
The demand for property in India has been high for quite some time. Supply tends to be keeping pace rather well, but investors here will find the potential return on investment is high. The residential market also promises high returns for investors. Values on the residential market have been and remain on the upswing, as well. This means buying property and holding it before reselling at a higher return is also more than possible. The overall stability of the property market makes India very attractive.LOW INTEREST RATES MAKE BUYING PROPERTY IN INDIA A FAVORITE FOR INVESTORS WHO REQUIRE FINANCING :
Buying property in India is generally a fairly easy proposition; this of course delights investors who do not want to deal with the red tape found in many other investment hotspots. Investors in India have their confidence boosted even higher by the relatively low interest rates locally as well. Additionally, the ease of finding property for sale and the fact that the economy is booming are plus points in India’s favor.DIVERSE GEOGRAPHY ATTRACTS VISITORS AND BUYERS, MAKING PROPERTY IN INDIA A SOUND INVESTMENT CHOICE :
Bordered by the Arabian Sea and the Bay of Bengal, India has more than a little coastline to show off! Add to this the legendary Himalayas and the extreme breadth of potential for property investors becomes quite clear. Buyers in India can find ideal ski resort property as easily as they can locate beach-front villas, and in addition to these natural features India is also famous for its lush jungles and bustling cities. Diversity is delivered when India is the location for property investment, in other words, the breadth of possibilities makes India very attractive for investors who desire plenty of property based options.FAVORABLE EXCHANGE RATE MEANS REAL ESTATE INVESTORS’ MONEY GOES FAR IN INDIA :
The present exchange rate between the British Pound and the Indian Rupee is very attractive for British investors. For example, 1 GBP equates to more than 81 INR and the property prices in India are highly attractive especially when the exchange rate is considered. It is more than feasible to buy quality off-plan property even in the most in demand locations for well under GBP 100,000 and in most locations prices start from as little as GBP 20,000.LOW COST OF LIVING DELIVERS EXPATS AND RETIREES TO INDIA AND PROVIDES INVESTORS WITH AN EXIT STRATEGY :
Although some things in India cost more than they might in the UK or US for example, the overall cost of living is considered much more affordable. Clothing, food that isn’t imported and other lifestyle and day to day necessities tend to cost a great deal less in India and with the exchange rate favorable to the pound, Britons who buy or let property in India tend to find their incomes go far further. While this in itself is very attractive for investors who want to buy to let, it also means they have a guaranteed exit strategy if they target incoming purchasers of retirement or holiday property in India.EASE OF ACCESSIBILITY A PLUS FOR PROPERTY INVESTORS IN INDIA :
Getting to India from just about anywhere in the world is very easy. The country is home to more than 20 international airports and a host of smaller runways as well, and this is a major confidence booster for investors who want to make sure holidaymakers can find their way to their properties easily and affordably because some airlines even offer reasonable rates for tourists flying into and out of major European airports to international airport destinations within India.INDIAN CLIMATE APPEALS TO TOURISTS AND EXPATS, DRIVING INVESTOR ASSURANCE HIGH :
India’s diverse geography gives way to a climate that suits every imaginable taste among holidaymakers and to say there is a single climate for the whole nation is incredibly inaccurate! Those who buy, visit or relocate here will find India offers everything from desert to alpine weather - Overall India does enjoy a full four-season climate with cold winters and balmy summers possible, and some areas deliver up very unique weather patterns. The diversity of climates makes India as perfect for those who want to enjoy skiing in the winter as it is for those who want year-round warm weather - again providing a property investor with choice.INDIAN RESIDENTIAL BOOM:
Finally, it happened - Indian real estate has stalled. High interest rates and high prices have cooled the growth of the market, though there is no crash yet. Prices have not risen in key areas of cities in the last six months. Speculators have withdrawn, end-users are being cautious. Property transactions have dropped, and developers are being forced to add sweeteners such as parking lots to attract clients. The State Bank of India, the country’s largest lender, saw a home loan portfolio growth rate of 16 per cent in 2007, slower than the 20 percent growth witnessed in 2006. Despite the recent opening of real estate development to Foreign Direct Investment (FDI), foreigners still have difficulty buying land and property in India (and need the approval of the RBI)
So, Property investment in India is a hot proposition that is showing no signs of cooling. As the economic boom continues, more international corporations make their presence felt in India, employment booms and tourism increases; the attraction of the nation for property investors is likely to continue.