British Investors Turning to Indian Real Estate Market
Market Dynamics
The current real estate landscape presents an intriguing opportunity for British investors, with India emerging as an attractive destination for property investments. The market demonstrates remarkable potential, characterized by several compelling factors:
Key Investment Indicators
- Property prices in India have surged approximately 70% in the past two years
- Merrill Lynch predicts a potential 700% increase in the Indian property market by 2015
- British property markets, in contrast, have experienced price declines
Investment Trends
British investors, particularly those of Indian origin, are increasingly focusing on strategic urban centers such as:
- Gujarat
- Gurgaon
- Bangalore
- Chandigarh
- Pune
- Jaipur
Facilitating Investment
The Indian government has strategically relaxed foreign investment regulations in the housing sector, further enhancing the market's attractiveness. Organizations like Navyroof.Com are actively promoting investment prospects to UK investors.
Upcoming Property Exhibition
The Housing Development Finance Corporation (HDFC) is organizing the "India Homes Fair", a two-day event designed to support Non-Resident Indian (NRI) property buyers. Key highlights include:
- Date: June 28
- Participating Developers: 18 leading Indian developers
- Showcased Properties: Flats and villas
- Objective: Simplifying the home buying process for NRI customers
Expert Perspective
- Fassnidge, Managing Director of Navyroof.Com, emphasized the market's potential: "All the economic indicators project a bright, sustainable prospect for India."
Renu Sud Karnad, Joint Managing Director of HDFC, further explained the exhibition's purpose: "Home buying is a tedious process. As pioneers in housing finance, we have well understood this need and have thus organized this exclusive event to guide our NRI customers so that they take an informed decision."