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Posts Tagged ‘india’

BRIC Property Markets At A Glance

Sao Paulo Skyline
São Paulo Skyline

The term BRIC originated back in 2003 and was coined by Goldman Sachs economist Jim O’Neill. It was O’Neill’s opinion that since the US economy took a nose dive it allowed the BRIC countries Brazil, Russia, India and China to take a bigger slice of the world’s gross domestic product.

We would be taking a quick peek into the property markets of these four countries, to gain a better overview of what exactly is going on.

Indians Embracing Gated Community Living

gated-community-150x150.jpgIndia’s rising middle class residents, seem to be catching ‘Gated Community’ fever for security and luxuries on offer. With the exodus of the return of non Resident Indians (NRIs) to India booming at the moment, a ‘private neighbourhood’ trend is rapidly catching on in the domestic property market.

For a small annual premium, residents are protected from sporadic water and power cuts, everyday civil problems, and unpicked garbage cans. The communities tend to be self sustaining providing their own power, water, security and sanitation services.

Property Investors to Look To Indian Property

India’s “crunch-proof” property market brought to London by Navyroof.com

As house prices in London and surrounding areas are in freefall, some selling for over £50,000 less than originally purchased, London property investors are looking to India for profitability where Merrill Lynch has predicted a 700 per cent increase in property prices by 2015.

A seminar at the City Hotel, Brick Lane, London, at 7pm on September 17th will give London property investors valuable information on how they can benefit from investing in India’s thriving property sector.

It is hosted by Navyroof.com – the company that brings investment opportunities from the most up-and-coming areas of India to the UK.

Indian Property Slowdown – The Economist

Springfield Apartments and Mantri Flora, Bangalore
Bangalore Skyline

India’s property market was on a high not so long ago. Property investors were flocking to new developments to cash in on a promising future. The new middle class had available funds to help them buy their first homes and everything seemed rosy. Even when the first sign of the global credit crunch appeared, India still powered on.

The market started to pick up back in 2005, when the Indian government eased overseas investment stipulations to make the market more friendly for all. Coupled with India’s economic boom, it made for a fantastic combination until…

Mumbai and Delhi get expensive

Despite the current issue with lack of infrastructure and clashes with displaced locals, India’s real estate prices continue to rocket. Mumbai and Delhi are now amongst the top ten most expensive office locations in the world, comparing with London, Hong Kong and Tokyo for the top slots.

A recent report by real estate consultants, Cushman and Wakefield put Mumbai, in terms of rental costs at fifth most expensive worldwide, and Delhi in tenth.