Why India?
The Indian economy and the real estate sector in particular are high on its ride to prosperity. As India's economic growth curve rises, real estate in India has emerged as one of the most appealing investment areas for domestic as well as foreign investors.
Indian real estate has huge potential demand in almost every sector, but especially commercial, residential, retail, industrial, hospitality, healthcare etc. But maximum growth is attributed to its growth from the booming IT sector, since an estimated 70 per cent of the new construction is for the IT sector.
Key Facts
India also has the worlds fastest growing middle class estimated to contain over 583 million people by 2025 up from 140 million today.
Property prices in cities such as New Delhi and Mumbai have tripled in 3 years.
Of all the emerging markets that include Brazil, Russia and China, only India is set to sustain high growth into the second half of this century. India's economy is expected to be larger than Japan by 2023 and the US by 2042.
Financial Analysts estimate that India's property industry will be worth $50 billion by 2010. Property companies have plans in the pipeline worth up to three times the value of all the projects they completed in the past 5 years. (Source: Financial Times 2007)
The real estate boom in India is supported by its own flourishing economy on a sustainable basis. Here, growth of the property market is not a result of renovation and overhauling; but rapid development that witness for India riding the high growth wave.
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Developments in India:
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Palace Gardens
Palace Gardens is located in the vibrant New Delhi suburb of Gurgaon and is perfectly situated to take advantage of the trend for living away from the city centre.
