India is the 6th largest economy by nominal GDP or the gross domestic product and the third largest economy by PPP or the purchasing power parity. The second largest populated country in the world with nearly 1.36 billion people has a median age of 27 which is 10 years lesser than that of the median age of the Chinese population.
This makes anyone guess easily the future growth of India being the biggest democracy in the world. For any country to grow the economy and the workforce forms the major part. Both are poised well for a better future of India in the coming years. This has made India the most sought out country for real estate investments across the globe.
Real Estate In India:
The traditional property investment which is considered as safest the world over is best in India now with low prices. According to recent data, it is confirmed that real estate investment for a short period in India yields better results than in any other country in the world.
Also because of various other factors which include the security of the investment India is the first choice for property investment across the world. The world’s best investment bankers like Blackstone and JP Morgan predict an internal rate of return on Indian real estate investments around 15 %. This by any standards is the best form of investment and particularly with the land on which the investment made is in safe hands in India.
Real Estate In India Today Is A Buyer’s Market:
Considering the future prospects of Indian real estate the prices now available for real estate investment is a true buyer’s market. The prices of many prime properties are now available at low price with all possibilities of going up very rapidly in the near future. The present real estate environment possesses an excess supply and property investment could have a better place to negotiate for better favorable deals. Soon after the prices start appreciating this discount in prices will account for huge returns on property investment in India.
Also, the home loan rates are at 8.3 to 8.4 %, an all-time low now and could increase the capacities of Indians to avail them more and increase the property prices. Also with the regulatory mechanisms in place now the global fraternity is keener to invest in Indian real estate. As per industry reports the Indian real estate sector is projected to receive Private Equity investment to the tune of 4 billion US dollars during this fiscal year. All this and many more make India a real buyer’s market in property investment.
Future Of Real Estate In India With Rera:
Real estate in India accounts for about 7 % of its GDP which is now at around 2.5 trillion dollars. This accounts for almost 180 billion dollar wealth annually. This is only half of China’s contribution of 14 % in its GDP. With RERA India is soon reach an upper target exceeding China’s contribution. That could happen in a very short time with the help of RERA implemented now. The hard times will be over soon and the good time with doubling of its contribution to the GDP and annual wealth accumulation.
Once the regulations of RERA which are affecting the inefficient and weak companies of real estate are over it is only one way for real estate investment from across the world.