India's
ancient and diverse culture , sweeping back at least 5000 years, with
successive waves of migration absorbed into the fabric of Indian life, has
enriched over and over again to make a multi-cultural nation with a wide
diversity of languages, customs, cuisines, religions, literature and arts.
Within this kaleidoscope of immense variety there is a thread of continuity
that has determined Indian civilisation and social structure.
India is the largest democracy in the world, the seventh largest country by
area and has the second largest population. Located entirely in the Northern
Hemisphere, it is bound by Pakistan, Afghanistan, China, Nepal, Bhutan, Myanmar
and Bangladesh. The Arabian Sea, the Indian Ocean and the Bay of Bengal border
its coastline.
The nation's diversity is abundantly obvious with the bustling metropolis of
Mumbai, the arid state of Rajesthan and the tropical beaches of Goa. The nation
is vast and difficult to encapsulate in a few short words.
From a property perspective, Mumbai does present opportunities but it is also
one of the most expensive real estate markets in the world. Most investors tend
to focus on Goa which is an increasingly popular tourist destination and even
retirement location due to the low cost of living. The former Portuguese colony
feels unlike any other part of this giant country. It has a distinctly European
air in many towns, although you never feel like you are anywhere other than
India.
There are a number of small resort towns scattered along the idyllic tropical
coastline that present potential opportunities for property investors. Places
such as the popular market town of Anjuna, Margoa, Panji, Cavelossim, Palolem
and many others along the coast have increasing numbers of interesting purpose
built developments.
Whilst there are countless things to do and see across India, Goa is probably
the best place to start on a pursuit of Indian investment property.
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