India is now one of the fastest-growing economies in the world and it is becoming a popular choice for property investment. Those with connections to India can benefit from a wide variety of investment opportunities across the country.
When looking for ideal investment opportunities, it is essential to completely research the area. Consider the area's infrastructure, including the amenities such as road and rail access, as well as schools and employment opportunities. All these aspects will make a property more appealing to potential tenants or purchasers.
With so much growth going on in certain parts of India, you should also consider areas where the amenities are still being put in place, such as places close to a new rail service which gives access to a city. Regions where there is a lot of investment being put into a new infrastructure will also provide opportunities to buy some prime residential property before the popularity of the area grows. Further advice can be sought from companies such as First Choice Properties Indiaon buying property.
The population of India is growing fast and demand for residential accommodation along with it. With an increasing number of workers with a good disposable income, renting a property is appealing to many and demand for rental property is increasing. There are some legal restrictions regarding purchasing property, but companies such as First Choice Properties India can assist with advice and planning.
Mumbai is the financial capital of India and there are many job opportunities there. As the city centre is so expensive, there is a high demand for residential properties in the surrounding areas. With the development of the Eastern Expressway, the monorail and metro-rail access to the city from towns such as Chembur and Wadala will be greatly improved.
This makes them ideal places to live for city workers and as demand for property grows, house prices in these areas are expected to climb.
The plans for the Seawood-Uran suburban rail network will mean that other areas are going to become popular with city workers and demand for residential property is expected to increase. These areas include Panvel, Kalamboli and in particular Ulwe. In the past, accessibility to Ulwe has prevented property prices from rising. However, with the new rail network as well as its proximity to the new airport, this area is expected to grow in popularity.
The Dwarka Expressway will link the Delhi to Gurgaon, the Millennium City, via Palam Vihar, greatly improving access to job opportunities. There are around sixteen residential areas planned for development. However, this is a long-term investment because until the road is finished there will not be a lot of demand for property. When it is completed, demand is expected to grow very quickly, especially in areas such as those closest to Delhi. For those with the patience and finances to wait until the work is finished, these properties will provide a great opportunity for investment.
Popular Areas for Property Investment in India