India Property Investment For Sale
"Those looking for a pure investment buy will probably be tempted by cities such as Mumbai, Bangalore and Jaipur."
India is one of the world’s fastest growing economies, ranking ninth largest in terms of nominal GDP with a huge population of 1.2 billion people. One of the all-powerful BRIC nations, India is home to the most populated city in the world, the most prolific film industry and one of the most favoured cuisines.
The growth of the Indian economy has been quite staggering during the first decade of the millennium and has only slowed a little due to the world recession. The economy has been further helped by the Indian government opening the economy to more investment from abroad.
With a population that is growing at an unprecedented rate (set to overtake China by 2030) millions of new homes will need to be built and for those who can buy here it looks like a good investment.
And there lies the catch – only those with strong personal links to India can buy in India - ie a non-resident Indian or persons of Indian origin. For those who are eligible there are a number of key centres in which to invest.
Mumbai – The commercial and financial capital of India offers a fantastic public transport network so no area is out of reach and property generally is in high demand although expensive.
Bangalore – The technology hub of India where demand for apartments is high.
Jaipur – The ‘pink city’ popular with tourists due to its stunning lakes, forts and palaces, it is also a centre for substantial IT and industrial development.
Rudrapur – Created as a Special Economic Zone by the government, Rudrapur is home to 450 new factories and the population is growing rapidly.
Goa and Kerala – Both popular tourist destinations in the south.