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Commercial or Residential Property in India
Author: yaken schecher
With the pace of time Indian real estate market is emerging as one of most lucrative options for investment in the world markets. Since the amount of investment is large, the investors first want to know about the credential of developers and the number of project developed by them before taking investment decision. A large number of NRIs, besides motive of investment, want to buy residential property in India or buy commercial property in India as the growing economy of India also offers huge opportunities.
According to the statement of an IT professional, India is also offering very bright and challenging prospects equivalent to any other world class universities and that is why the NRIs elite group is in no mood to stay abroad and anxious to come back to India.
The present worth of real estate is around $ 16 billion and may reach approx. $60 billion by 2010. Needless to mention heavy-weight investors from across the world may also enter in the fields of real estate and infrastructure.
The main factor behind the rapid growth of real estate has been the boom in IT and ITES industry. It is expected that the industries would employ around four million individuals by 2010 which will considerably increase Indias GDP as well as foreign exchange inflow in future. The other factors, which boost the real estate and infrastructure development in real estate India , are that generally acceptable English language is widely spoken here and talent pool is unlimited as the country churns out around 15 million graduates every year. As compared to U.S, the man power cost is also cheaper in India by 10 14%.
As per the recent survey, only one quarter of Indian population lives in urban areas whereas Chinas ratio is 40% and that of Eastern Europe is two-third. Urbanization in India is still far from over and government is promoting smaller as well as new cities at a faster pace and thus provides a safe heaven for investment in real estate (particularly Delhi & NCR) to the buyers throughout the world.
Article Source: http://www.articlesbase.com/ask-an-expert-articles/commercial-or-residential-property-in-india-113850.html
About the Author:real estate agent.
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Keywords:
india estate real investment property