India has witnessed major development and rapid transformation in the recent past, which is a proven advantage to the economy. This development has led to rising trends in lifestyle, purchasing power and property value.
The property market across the globe is at a low, with investments yielding between 2% to almost negative returns. The Indian real estate scenario, in contrast, is far more promising with an appreciation value anywhere between 25-40%. So, when it comes to investing in property, it comes as no surprise that many NRIs are now putting their money into India. In addition to making good business sense, their underlying emotional attachment to their home country makes it inevitable.
The appreciation of property values in cities like Pune, one of the fastest growing in India is valued at a minimum 7%, with its bordering cities and annexes, such as the twin townships of Pimpri-Chinchwad (PCMC), Chakan and Chikali growing at a whopping 30%. Driven by a number of factors, such as flourishing industry, a vibrant automobile, steel, IT and service sectors, the demand for housing continues to rise in PCMC, which boasts of state-of-the-art infrastructure. Chakan and Chikali are now commercial hubs with easy access and connectivity to Mumbai. Keeping this in mind iParmar’s River Residency has been designed and created to suit living and investing needs.
Whilst the rise in property values has seen a corresponding rise in the number of NRIs investing in Indian real estate, there are other contributing factors as well: Several Non Resident Indians plan to return to India in the future and purchasing property now just makes better sense. But it’s not only NRIs with plans to come home who are buying property; a large number of the Diaspora, are also emotionally tied to India, with family members still living here, and with e-solutions now easing the way, India’s property market is fast becoming part of its shining story.
As in every business decision, due diligence is a must, if one is to reap the many benefits of this burgeoning market. So, going with a reputed builder with an established track record is always recommended: Not only are you assured of a quality construction packed with modern amenities and specifications, you also get the peace of mind that comes with knowing you’ve spent your money wisely and well.
The property market across the globe is at a low, with investments yielding between 2% to almost negative returns. The Indian real estate scenario, in contrast, is far more promising with an appreciation value anywhere between 25-40%. So, when it comes to investing in property, it comes as no surprise that many NRIs are now putting their money into India. In addition to making good business sense, their underlying emotional attachment to their home country makes it inevitable.
The appreciation of property values in cities like Pune, one of the fastest growing in India is valued at a minimum 7%, with its bordering cities and annexes, such as the twin townships of Pimpri-Chinchwad (PCMC), Chakan and Chikali growing at a whopping 30%. Driven by a number of factors, such as flourishing industry, a vibrant automobile, steel, IT and service sectors, the demand for housing continues to rise in PCMC, which boasts of state-of-the-art infrastructure. Chakan and Chikali are now commercial hubs with easy access and connectivity to Mumbai. Keeping this in mind iParmar’s River Residency has been designed and created to suit living and investing needs.
Whilst the rise in property values has seen a corresponding rise in the number of NRIs investing in Indian real estate, there are other contributing factors as well: Several Non Resident Indians plan to return to India in the future and purchasing property now just makes better sense. But it’s not only NRIs with plans to come home who are buying property; a large number of the Diaspora, are also emotionally tied to India, with family members still living here, and with e-solutions now easing the way, India’s property market is fast becoming part of its shining story.
As in every business decision, due diligence is a must, if one is to reap the many benefits of this burgeoning market. So, going with a reputed builder with an established track record is always recommended: Not only are you assured of a quality construction packed with modern amenities and specifications, you also get the peace of mind that comes with knowing you’ve spent your money wisely and well.
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