Why to Buy Residential Property in India

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Why to Buy Residential Property in India?
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Investors were confused as to why they should buy
residential property in India. This was the case
a few months ago. This confusion and dilemma all
emanated form the fall out of the world economic
meltdown. It its sweep, the financial downturn
has had its toll in the property market in India
also. Just as the stork market suffered setback
and many lost their hard earned money, the real
estate sector also met with misfortunes. This
caused uncertainty in the industry and the
investors became wary in their investment
decisions. However, the scenario is undergoing a
change for the better. Industry insiders
speculate that buying property in India in the
prime locations is going to yield good returns in
the coming years. More so, to buy residential
property in India, especially those for the
middle-level income group with single or double
room accommodation, is reportedly going to be a
good investment opportunity.
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It is the time to buy not only residential
property but also commercial property in India.
Industry veterans and investments analysts are
savvy that the property market in India is
gearing up for a quantum leap in the coming
years. In the sweeping metamorphosis,
macro-economic and sector-specific factor will
act as catalysts. The widely acclaimed real
estate consultant Jones avers, "economic recovery
during CY -2010-11 is likely to reinvigorate the
interest of foreign investors in real estate
India market. We expect enhanced capital inflow
in the real estate sector in the
medium-to-long-term".
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The assessment of the International Monetary Fund
(IMF) concurs with the estimate of world economic
analysts that in the coming phase, the advanced
economies on an average are to contract by 3.8
per cent. In such a bleak background, the
economies of India and China will stay as beacons
of assurance with an average growth of 5.4 per
cent. In such projected prospects, it makes sense
to buy property in India. There are other factors
which make it sensible to buy residential
property in India. There is a renewed interest in
the residential property sector in India now. One
of the reasons for this new trend is the
unexpected and unseen aftermath of the recession.
The recession inevitably brought down the
property prices. This created a new interest in
purchasing residential property because now
property rates have become more affordable to
middle income level people. Another reason is the
revised pay scale for Government employees,
higher pay and perks of private sector, etc.
Owing to these multiple factors, there is an
unprecedented demand for residential property in
the lower and middle income group.
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