Mohali, India (PressExposure) April 29, 2009 -- Real Estate India is not only one of the fastest growing one but is also aspiring to play a role of a prime mover in the global economy. When there is panic of sorts arising out of the US subprime credit defaults, India remains fairly unaffected. More importantly, overseas nri investors, well-known private equity funds included, are busy investing here; a clear enough signal of the things to come despite the cynics and the un-informed holding contrary views. When an economy gallops at 9% every year, the fear of slow down comes naturally, especially to those who watch the exciting story from the sidelines of property in India. The critical point to note is that Indian economy is now a matured one, strong on fundamentals. The economic correlations have undergone substantial changes, as a result real estate in India is no longer a derivative of speculative gains. Nor is the sector the parking slot for dirty money. Demand for India real estate is derived from other growth parameters impacting the economy as a whole. Demand is rising due to the rising income multiplier and resultant higher disposable income with the consumers. Often it is argued that the rising interest rates are causing a slow down of demand for India real estate. The proponents of this line of thinking feel that easy money is the principle factor driving India property demand. In my opinion the argument is faculty in more than one count. First, more than easy liquidity, returns on the investment is important. As long as the national profit from India real estate ownership covers the interest is happy. Second, and no less important, is the fact that realty ownership helps the owner in raising liquidity with out much ado. Finally, one cannot wink at the point made earlier that real estate in India demand rate of economic growth. Since the Indian real estate growth story is just unfolding, the nri investors in real estate can continue to invest.
Real Estate in India - Property in India
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Press Release Submitted On: April 29, 2009 at 12:17 am
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