1, India’s Stable Government drives Property Investor Confidence
India is an independent Commonwealth country it is governed by a parliamentary system with a cabinet and the overall system is not unlike that in the UK. India’s parliament is overseen by a president, and a democratic election process takes place to herald in changes in party leadership. The familiarity of the system provides a comfort zone for investors who want to be able to understand what happens on the local political front where they buy. Economist predicts that the government, led by the Indian National Congress party will likely remain in place at least until 2009. The political climate has its ups and downs, but overall India remains very stable. This is a great confidence booster for investors looking to invest in property in India.
2, Tourism Drives Investment Returns for Property Buyers in India
The fascinating sights of India are a must for world travellers who want to visit exotic destinations. Although India has long been a favourite for British holidaymakers, tourism from all parts of the world remains strong as well. As the Indian government markets the history, beauty and incredible eco-tourism possibilities the country has to offer to potential visitors from all over the globe, investors are finding their property purchases in India pay off well with rentals to holidaymakers.
3, Strong Investment Returns are highly attractive for Property Investors in India.
The demand for property in India has been high for quite some time. Supply tends to be keeping pace rather well, but investors here will find the potential return on investment is high. The residential market promises high returns for investors. With more corporations opening headquarters here and a steady stream of millions of tourists arriving each year, rental incomes on everything from city based flats to holiday villas tend to make investors very pleased with their investment returns! Values on the residential market are, and remain on the upswing. This means buying property and holding it before reselling at a higher return is also more than possible. The overall stability of the property market makes India very attractive indeed.
4, Booming Economy is Very Attractive for Investors in India’s Property Market
India’s economy is best described as a boom state at the present time. As major corporations open up shop within the country’s boundaries and more buyers and renters make their way here from foreign destinations, the environment is becoming a firm favourite for property investors. The Indian economy had a GDP of USD 797 million in 2005-2006, its annual growth rate of 8.4% has been topped in 2007 with reports of more than 9% growth in the first part of the year and inflation is at a fairly low 5.6% level. Industries that drive India’s economy and bring business into the country include chemicals, textiles, steel, leather, tourism precious jewellery crafting, the country’s main trading partners include the UK, USA and China. The upturn in the Indian economy is very good news for property investors who want to buy in a thriving economic climate where there is massive potential for growth and overall development.
5, Diverse Geography Attracts Visitors and Buyers, Making Property in India an excellent Investment Choice
Bordered by the Arabian Sea and the Bay of Bengal, India has more than a little coastline to show off! Add to this the legendary Himalayas and the extreme breadth of potential for property investment becomes quite clear. Diversity is delivered when India is the location for property investment, in other words, the breadth of possibilities makes India very attractive for investors who desire plenty of property based options.
6, Low Interest Rates Means Buying Property in India a Favourite for Investors who require Financing
Buying property in India is generally a fairly straight forward process; this of course delights investors who do not want to deal with the red tape found in many other investment hotspots. Investors in India have their confidence boosted even higher by the relatively low interest rates locally as well. Additionally, the fact that the economy is booming is a plus point in India’s favour. And with more jobs and higher salaries being enjoyed locally comes the potential to market buy-to-let properties to locals as well as holidaymakers.
7, Favourable Exchange Rate.
The exchange rate between the British Pound and the Indian Rupee is very favourable for British investors. For example, 1 GBP equates to more than 80 INR and the property prices in India are highly attractive especially when the exchange rate is considered. It is more than feasible to buy quality off-plan property even in the most in demand locations for well under GBP 100,000 and in most locations prices start from as little as GBP 20,000.
8, Ease of Accessibility a Plus for Property Investors in India
Getting to India from just about anywhere in the world is very easy. The country is home to more than 20 international airports and a host of smaller runways as well, and this is a major boost for investors. With air routs opening up all the time as the expansion of the Indian economy which continues to grow.
9, Low Cost of Living.
Some things in India cost more than they might in the UK for example, the overall cost of living is considered much more affordable. Clothing, food that isn’t imported and other lifestyle and day to day necessities cost a great deal less in India and with the exchange rate favourable to the pound, Britons who buy or let property in India tend to find their incomes go far further.
10, Indian Climate Appeals to Tourists and Driving Investor confidence.
The Indian Property Market is currently on fire as India’s middle classes steadily grows and so does their wealth, as the government are driving forward with there plans to be among the worlds superpowers they are welcoming NRI’s and PIO’s as well as foreign nationals who are willing to invest India’s thriving property investment markets
