Indian Real Estate Offers Great Investments
India Property Times | APRIL 2008
India is now an attractie destination for NRI’s looking to come back home.
Mohammed Ali Vakil, son of M A Vakil, is one of the Directors of Vakil Housing Development Corporation, one of the leading developers of residential Townships in Bangalore. He takes care of the departments of Marketing of Marketing, Customer Care, R&D and IT at VHDC. Here are some excerpts from an interview with him.
Buying property is more affordable in India compared to buying property in the US. Investment opportunities also attract an NRI to buy properties in India.
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great!!!!Buying property is more affordable in India compared to buying property in the US. Investment opportunities also attract an NRI to buy properties in India.
Prefabricated homes are going to take over the market.Earlier many NRIs used to build their own homes on their own property, but not anymore.The trend of spending 5-10 yrs on building your own house has been taken over by retail real estate,it has become more of a sellers market and individuals have no choice but to buy into it .
[...] Indian Real Estate Offers Great Investments Here are some excerpts from an interview with him. Buying property is more affordable in India compared to buying property in the US. Investment opportunities also attract an NRI to buy properties in India. … [...]
India is being acknowledged as one of the fastest growing economies in the world and in this current economic scenario, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. And this high growth curve in the real estate sector owes some credit to a booming economy and liberalized Foreign Direct Investments (FDI) regime in the real estate sector.India has “enormous potential in all its property investment categories”. Strong population growth, a large pool of qualified workers, greater integration with the world economy and increasing domestic and foreign investment are fuelling demand for office, retail and residential property. India’s burgeoning middle class will drive up nominal retail sales through 2010 by 10% p.a. At the same time, organised retail is becoming more important. At present organised retail accounts for a mere 3% of the total; by 2010 this share will already have reached 10%.India is the prime destination for IT services outsourcing. In the coming five years, at least 55 million m² of extra office space must be completed in the premium office segment alone. Property investments in India are not risk-free. Market transparency is far behind European or US standards. It is therefore vital for foreign investors to have a professional local partner. The lack of liquidity and upward pressure of pricing remain the main concern within the market.For more view-realtydigest.blogspot.com
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