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Why India is a hot real estate investment destination? by Rajesh Kumar





Why India is a hot real estate investment destination? by
Article Posted: 11/15/2011
Article Views: 63
Articles Written: 161
Word Count: 577
Article Votes: 0
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Why India is a hot real estate investment destination?


 
Real Estate
India never ceases to fascinate the West beckons like never before. From a distant land development a decade ago, the Indian tiger is roaring and is today one of the top 3 fastest growing economies in the world. The Indian success story illustrates the need for globalization in the world. Information technology after starting the trend, other key sectors have also begun to realize their true potential, which allows an all-round development of the country. Of course, the country is home to over 1.25 billion Folks - it adds another dimension to the plot, which is India!

What makes India a hot destination for property investment? It's amazing that a country that was once a borrower throughout its history, has suddenly transformed into a generous donor to the war torn areas like Afghanistan and Iraq! Not that the country's economic success has totally destroyed the poverty of India, but certainly the stock market booming have a positive impact on the lives of many Indians.

A country as large as India is bound to be plagued by problems galore. Whether its terrorism, crime, social backwardness, lack of infrastructure to support the booming economy, India has seen it all. However, things are looking promising with the major developed countries showering the country with positive ratings to the extent that foreign investment is concerned. The country is also close to the signing of the Indo-US nuclear deal that will allow a de facto nuclear status to India, without signing the NPT. Property in Noida, Delhi, Gurgaon, Kolkata, Mumbai, Chennai, Banglore, Pune and Ahmadabad is reaching new heights in terms of both development and prices. Many real estate consultants are looking to find developers for the project marketing association and customers to sell the property.

The development of the country is rapidly catching up with the successive democratic governments have pledged to build infrastructure to support several development projects across the country. The country is largely dependent on agriculture since independence in 1947 was freed from its label, and now, industry and services sector took over. Although the government is committed to promoting agriculture, the lure of soaring property prices is too great to resist poor farmers. As a result, most farmers rely on the sale of large portions of their land to developers at prices unimaginable. This practice resulted in higher land prices in major Indian cities.

The overheated real estate sector actually works to the benefit of investors. This is because the purchasing power of Indian middle class (which is the largest in the world) has been on the rise, and even companies and financial institutions provide a support for the credit system, the n 'there is no shortage of demand for portions of prime land.

An economist with the Prime Minister at the helm, and the government is committed to taking India into the league of developed nations within a few decades, projections and forecasts are indeed quite high. Last in the series of efforts by the lure of real estate investments is the much touted Special Economic Zone (SEZ) policy, which changed the course of the curve of the real estate dramatically in just a few years. With tax breaks and other incentives, both commercial and industrial houses are making a beeline for SEZ pie.

Investing in residential plots in greater noida will be the best option for North India Investment.

Related Articles - Real Estate India, real estate investment, real estate consultants, real estate greater noida, real estate noida,

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