India's Real Estate Boom
With China’s astounding economic growth rate grabbing all the headlines, it’s easy to overlook the equally impressive performance by India’s economy. But savvy investors have begun to take notice, especially when it comes to the Indian real estate market.
Unprecedented investment opportunities are beckoning in all sectors – retail, residential, commercial and hospitality. Real estate values have been appreciating at a staggering 30 percent annually, spurred by government reforms and the relaxation of foreign real estate ownership constraints. Direct foreign investment is surging – and with good reason. India is the world’s most populous democracy with a growing middle class and the largest English-speaking workforce outside of the United States. In purchasing power, India’s is the world’s fourth largest economy with a growth rate nearly equal to China’s. Thanks to urbanization and easier credit access, developers can’t build residential real estate fast enough. In spite of red tape, sometimes inadequate infrastructure and widespread poverty, skyrocketing demand in the office, commercial and manufacturing sectors is likely to keep the Indian real estate market hot for years to come. The question may no longer be “Why India?,” but “Why not India?”
Courtesy:
Pulling Out All the Stops: The Opening of India's Real Estate Market
Deloitte Insights podcast
1 comment:
Indian real estate is the world's largest and most beautiful real estate market so it's best place to invest in real estate. I always prefer indian real estate market for investing in real estate with best profit gaining opportunities.
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