Even in the wake of the global recession, India’s real estate market is booming. As Western-based companies outsource their customer service and IT departments, the demand for high-end office buildings, quality homes, and individual office spaces has never been higher.
The Indian National Abroad
Indian nationals living abroad are uniquely positioned to take advantage of these economic developments. Living in India affords them a working knowledge of the Indian business culture and real estate trends. Ten years ago, an Indian national would potentially have been able to predict the current upswing in call center/tech support positions within India’s young, educated, upper-middle class population. Today, Indians living in the United States and other foreign countries can capitalize on their knowledge of Indian real estate trends.
Indian Real Estate Funds
Several well-known Indian financial institutions are developing funds specifically targeting real estate investors. Some examples of these institutions include HDFC, ICICI Venture, and Kotak Mahindra. Each of these financial leaders creates funds specializing in a specific type of real estate. Investors often find these specified funds advantageous, as they are able to purchase a more diverse product with specific parameters in place.
One of the fastest growing real estate markets in India today is the market for modern homes. Small communities are experiencing enhanced purchasing power thanks to an ever-increasing level of education and local business opportunities. This increased purchasing power translates itself into building modern homes and modern buildings to house businesses.
Foreign companies are choosing India as a launching ground for their business efforts. Thanks to the relatively inexpensive cost of Indian land and building materials, and the increasingly modern Indian infrastructure, this trend will likely continue. Large building projects will translate into greater profits for Indian real estate investors.
Bio: Alexis Bonari is a freelance writer and blog junkie. She is currently a resident blogger at the First in Education site, researching areas of accredited online degrees. In her spare time, she enjoys square-foot gardening, swimming, and avoiding her laptop.