London, UK (PRWEB UK) 13 December 2012
India the home to over 1.2 billion people, or 17 per cent of the worlds population, though occupying only 2.4 per cent of the land mass may strike as a potentially attractive property investment destination. Indeed, urbanisation growth in the past three decades has led to the growth of over 20 cities in the country with a population of over a million people. Continuing, this trend is likely to further increase real estate demand in the near future. Considering this fact, Frank Quin of investors portal iNVEZZ has taken a closer look at the state of real estate investment across the sub-continent and especially with reference to three of the largest urban centres Delhi, Kolkata and Mumbai. In a recently-released analysis he also covers the main points of consideration to anyone interested in investing in Indian real estate.
The introduction of Quins new editorial tackles one of the main areas of concern in regards to the Indian property market the qualification requirements. From the perspective of property investment, one key fact stands out. By and large, the only people who can buy Indian real estate are Indians. Quin summarises. The author of the editorial continues his analysis, outlining that India is by no means the only country in the world which places restrictions on foreigners buying real estate, though it must surely be the largest to effectively limit the category of permitted buyers foreign or resident by dint of blood ties with the country.
Moving on, Quin classifies two groups of people who are entitled to invest in Indian real estate, outwith locally resident Indian citizens, and who are recognised in the countrys constitution non-resident Indians (NRIs) and persons of Indian origin (PIOs). Continuing his analysis, Quin takes a detailed look at both categories of people investing in Indian property, as well as at an additional option for making such investment for those who fall under neither category through an Indian-incorporated company. The author of the iNVEZZ editorial writes: As in other countries which impose restrictions on foreigners buying real estate, there is the possibility to do so via the mechanism of an Indian-incorporated company or a registered branch of a foreign company. Yet, Quin also remarks that this route to investing in Indian property seems to carry undue risk
Having covered the crucial matter of who qualifies for an investment in Indian property, Quin analyses the real estate market noting that in a country as vast in both geographic and demographic terms as India, it is unrealistic to speak of a single real estate market. As mentioned above, iNVEZZs recent editorial provides more detailed information on three of the countrys largest urban centres Delhi, Kolkata and Mumbai and the state of the real estate market in these cities in particular. After analysing these top property markets, Quin narrows readers attention to one of the main factors which has contributed to the popularity of investing in Indian real estate. He writes: Much of the spectacular growth in Indias residential and commercial real estate pre-crisis was attributable to one industry IT-BPO, the acronym for the closely-aligned information technology and business process outsourcing sectors.
After explaining the IT-BPOs relationship with the property sector in India, Quin concludes his analysis on a positive note: Whatever your preference, theres plenty in Indian real estate to get and keep you interested.
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