Why To Buy Residential Property In India?

Investors were confused as to why they should buy residential property in India

. This was the case a few months ago. This confusion and dilemma all emanated form the fall out of the world economic meltdown. It its sweep, the financial downturn has had its toll in the property market in India also. Just as the stork market suffered setback and many lost their hard earned money, the real estate sector also met with misfortunes. This caused uncertainty in the industry and the investors became wary in their investment decisions. However, the scenario is undergoing a change for the better. Industry insiders speculate that buying property in India in the prime locations is going to yield good returns in the coming years. More so, to buy residential property in India, especially those for the middle-level income group with single or double room accommodation, is reportedly going to be a good investment opportunity.

It is the time to buy not only residential property but also commercial property in India. Industry veterans and investments analysts are savvy that the property market in India is gearing up for a quantum leap in the coming years. In the sweeping metamorphosis, macro-economic and sector-specific factor will act as catalysts. The widely acclaimed real estate consultant Jones Lang LaSalle avers, economic recovery during CY 2010-11 is likely to reinvigorate the interest of foreign investors in Indias real estate market. We expect enhanced capital inflow in the real estate sector in the medium-to-long-term. The assessment of the International Monetary Fund (IMF) concurs with the estimate of world economic analysts that in the coming phase, the advanced economies on an average are to contract by 3.8 per cent. In such a bleak background, the economies of India and China will stay as beacons of assurance with an average growth of 5.4 per cent. In such projected prospects, it makes sense to buy property in India.

There are other factors which make it sensible to buy residential property in India. There is a renewed interest in the residential property sector in India now. One of the reasons for this new trend is the unexpected and unseen aftermath of the recession. The recession inevitably brought down the property prices. This created a new interest in purchasing residential property because now property rates have become more affordable to middle income level people. Another reason is the revised pay scale for Government employees, higher pay and perks of private sector, etc. Owing to these multiple factors, there is an unprecedented demand for residential property in the lower and middle income group.

by: Josephsmith

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