Property in India
India is currently one of the world’s best places to buy
property for investment purposes.
- Overseas money is flooding into India, and the rate
of influx is increasing.
- At 8%, the GDP growth is second only to China, twice
as fast as that of the USA and four times ahead of the
European Union.
- The current boom in the real estate sector is driven
by the Governments decision in March 2005 to allow 100%
foreign direct investment in the property market.
- Lower interest rates, local housing finance, rising
salaries and job prospects have also contributed to the
boom.
Punjab
Amritsar is in the state of Punjab which is the strongest
of all the Indian states, with the highest per capita
income, and boundless opportunities for investment.
It has 6 airports including an International Airport
being more than any other Indian state.
Consumer spending in Punjab is higher than the national
average. The average per person monthly consumption
expenditure is Rs 1183, which is higher than the national
average of Rs 1149.
Punjab is the favoured destination for the retail
industry, so investors are keen to tap into the huge
potential that the Punjab offers.
Investment Potential
As an investment, this is just like a London buy-to-let,
but for much lower prices. Amritsar in Punjab India is
experiencing enormous growth, so your investment has huge
potential. The real estate market, which is about US$ 16
billion, is predicted to reach nearly US$ 60 billion by the
year 2010, according to the Associated Chambers of Commerce
and Industry of India.
Rental Market
There’s great potential for the rental market in India
for both residential and holiday lets.
With the influx of new local business opportunities there
is a strong demand for residential lets from corporate
executives looking for all inclusive high quality
accommodation.
In addition, Amritsar is a world class tourist
destination with a reported seven million tourists each year
visiting the Holy city and the spiritual and cultural centre
of the Sikh religion.
Click here for
specific information regarding property, real estate and developments in
India
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