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India looks to the world for investment

15th January 2008 | back to article listings BACK    print this article PRINT

Those looking to invest in property overseas may find encouragement in many things. Low prices, growing tourist markets, expanding economies, expanding infrastructure and more airports are all factors which encourage investors.

Such elements can be seen in many locations. Transport developments like the faster Eurostar and new TGV services in France, or the arrival of direct air flights from Britain to Cape Verde are two examples. But for all the above factors, India may be just the place, with the added advantage that this is all part of a major programme to ensure foreign investment pours into the country in various forms.

Those who are buying in the country are undoubtedly doing so mainly for investment rather than lifestyle purposes, according to Nick Marr, chief executive officer of Marr International.

He said that the residential property market has been designed with the overseas investor in mind, with plenty of bargains costing under £50,000 on offer. This, Mr Marr suggested, is particularly attractive just now: "It seems to be that people, because of the credit crunch, are attracted to lower price property this year," he commented.

Moreover, the prospects for India appear to look good, he noted: "There is a lot of growth to be had. Everything looks like it is going to be good in India, especially with property prices. I think the developers themselves are aiming at international investors. It is really geared for international investment."

Such investors may therefore be coming in ever-increasing numbers. Apart from the fact that India's fortunes seem in such contrast with those countries affected by the credit crunch (even if the present difficulties turn out to be a short-lived storm which soon blows itself out), the commitment made to attracting economic investors has been well documented. A particular feature of this is the setting up of Special Economic Zones in various parts of the country, which have attracted multinationals such as Nestle, Tat and HCL among others. With that may come large-scale investment in real estate to provide the kind of homes ex-pats and those among India's growing middle class would like to live in.

India is certainly looking to market itself. In Kuwait this week around 200 projects from 18 different builders are being showcased at a major property expo. This particular display may help attract new investment from the Middle East, but as India grows British investors may also look east to see what kind of opportunities they can tap into.

This is a press release by Assetz also available at http://press.assetz.co.uk/articles/3961.html. Alternatively, please see our full press release archive.

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