India is now one of the
fastest-growing economies in the world and it is becoming a popular choice for
property investment. Those with connections to India can benefit from a wide
variety of investment opportunities across the country.
When looking for ideal investment
opportunities, it is essential to completely research the area. Consider the
area's infrastructure, including the amenities such as road and rail access, as
well as schools and employment opportunities. All these aspects will make a
property more appealing to potential tenants or purchasers.
With so much growth going on in
certain parts of India, you should also consider areas where the amenities are
still being put in place, such as places close to a new rail service which
gives access to a city. Regions where there is a lot of investment being put
into a new infrastructure will also provide opportunities to buy some prime residential property
before the popularity of the area grows. Further advice can be sought from
companies such as Global NCR Properties India on buying property.
The population of India is
growing fast and demand for residential accommodation along with it. With an
increasing number of workers with a good disposable income, renting a property
is appealing to many and demand for rental property is increasing. There are
some legal restrictions regarding purchasing property, but companies such as Global
NCR Properties India can assist with advice and planning.
Mumbai is the financial capital
of India and there are many job opportunities there. As the city centre is so
expensive, there is a high demand for residential properties in the surrounding
areas. With the development of the Eastern Expressway, the monorail and
metro-rail access to the city from towns such as Chembur and Wadala will be
greatly improved.
This makes them ideal places to
live for city workers and as demand for property grows, house prices in these
areas are expected to climb.
The plans for the Seawood-Uran
suburban rail network will mean that other areas are going to become popular
with city workers and demand for residential
property is expected to increase. These areas include Panvel, Kalamboli and
in particular Ulwe. In the past, accessibility to Ulwe has prevented property
prices from rising. However, with the new rail network as well as its proximity
to the new airport, this area is expected to grow in popularity.
The Dwarka Expressway will link
the Delhi to Gurgaon, the Millennium City, via Palam Vihar, greatly improving
access to job opportunities. There are around sixteen residential areas planned
for development. However, this is a long-term investment because until the road
is finished there will not be a lot of demand for property. When it is
completed, demand is expected to grow very quickly, especially in areas such as
those closest to Delhi. For those with the patience and finances to wait until
the work is finished, these properties will provide a great opportunity for
investment.
About the Author
This article is written by Ravi
Chauhan on behalf of Global NCR Properties, I recommended to check out the my last
post TDI
City Kundli.
