As the Indian Property Show returns to Olympia London, we tell you why it’s the ideal time to invest in India.
By Bea Patel, TLE Property Editor and Director of Shop for an Agent
The steady growth of the Indian economy is having a huge influence on the real estate sector of India. Major cities like Delhi NCR, Mumbai, Hyderabad, Chennai, Bangalore, Pune and Kolkata are being influenced by this growth and have given rise to the development of smart cities and gated communities.
With the depreciating rupee and the Indian Government creating a buyer friendly environment, the real estate sector looks promising for the next five years. This can make for an attractive investment proposition for NRI, PIO and OCI investors.
Recently there has been some action in the commercial sector. Mumbai has locked in returns of 12 to 19 per cent per year, Bangalore 11 to 12 per cent and Delhi NCR eight to ten per cent. The Government of India has announced a host of measures to spur the real estate sector, and the Reserve Bank of India has cut the repo rate thrice in less than nine months. This has brought down the yearly rate of home loans from 10.75 per cent to 10.25 per cent.
Currently the market conditions are in favour of overseas investors, there are some good deals with good payment plans and the depreciating rupee provides a favourable exchange rate. The Indian Property Show at Olympia London, Hammersmith Road on 23 and 24 April 2016 will showcase Indian properties. Over 40 leading real estate developers, brokers and home loan providers from across India will be at the show. Seminars will be aimed at educating people to make informed decisions and will cover investment basics, legalities relating to buying property in India and an insight into Vaastu.
Srividya Rajan, general manager of Corporate Sales & Brand Engagement, Sumansa Exhibitions said: “The Indian Property Show is designed to fulfil the specific needs of the overseas Indians. Through this show, we aim to fulfil the dream of every NRI of owning a home back in India while educating them to make informed decisions.”
To register for this free show, visit http://indianpropertyshow.com/pre-register