Monday, April 21, 2008
Investing in Indian real estate- A Profitable Deal
Real estate in India is now a safe destination for potential investors. Service apartments or Fully-furnished houses are preferred choices of long-stay executives, foreigners, Non Resident Indians and other frequent travelers to India. These properties offer all the convenience of a hotel with the privacy and comfort of home. Whether the person is a business traveler or holiday maker, looking for more than just a regular hotel room, a service apartment is the cost benefit alternative. Giving people more space, more privacy and at a cheaper rate, most of these apartments can be available either for a day or for a year.
Investing in immovable property in India is no more a tough task with difficulties due to a combination of factors. A meticulous planning at the initial investment stage can make the whole process lucid. While on the road way of making investment in this growing market, people are advised to do research online on the real estate market. Extensive research ensures that the investment has been right and in time to come and will allow a good return. Foreign resident of Indian Origin can also invest in this sector. Such investors are advised to discuss the conditions governing purchase and sale of immovable property by Non-Resident Indians and persons of Indian origin before they start their investment venture.RBI grants permission to foreign citizens of Indian origin to invest in local funds in real estate on submission of necessary applications provided such investments are for use of residence.
yes ,now a days there is a continues boom and growth in Indian real estate
every day the properties rates are increasing so its a good deal to invest in Indian real estate
sometimes i read in news that real estate's boom is a bubble only. I too believe that real estate is in good position these days.
This is true but firstly you should be check which place will be better for investing purpose and where the money will be increase in the short of time level.That's necessary
Growing realty sector of India has attracted overseas investors and figures in the top three property markets round the world, presenting the finest prospect for capital appreciation after the US and China. In the group of the most favorite property market in between foreign investors globally, US has retained its top position, while China was ranked 2nd followed by India, a survey carried out by the Association of Foreign Investors in Real Estate (AFIRE) said. China moved to the 2nd position, garnering 21.4 % votes and displacing India in the process, which was preferred only by 16.7% of the respondents favoring the country as the most fancied place for real estate investment.
In 2006 China got 14.6 % votes while India had 18 % and was ranked in the 2nd position. One of the important findings that cannot be unnoticed is the jump in investor’s confidence in China.
AFIRE Chief Executive J A Fetgatter told that this is the 2nd time in 3 years, China has been chosen as the country offering the 2nd best chance for capital appreciation after the US. Interestingly, the United States, whose economy continues to be bogged down by the subprime crisis and faces the danger of a recession, still managed to preserve the top position in the ranking list.Among those surveyed, 26.2 % said America offered the greatest prospect for capital appreciation in the real estate sector as compared to 23 % recorded in 2006.