Today the scenario has changed amazingly, to the benefit of all those who want to buy property in India. For the last few years everyone in India has been talking about the property boom in the metros. However the sale price of large properties in the heart of Mumbai, has stunned even the most optimist of investors. An amazing $100 million dollars for a relatively small property of 5 acres seemed unrealistic, but as days went by everyone realized that the property boom in India had finally arrived and would stay for a long period of time necessitating investment by middle and upper middle class to buy property in India, for hefty gains.
There are many factors that have pushed the aspect to buy property in India - all interconnected – and mostly driven by the boom in the technology sector and the rapidly growing urban middle class. The rise in foreign direct investment, an economic growth rate of over 7%, rising salaries and a loosening of the stringent lending regulations have given rise to a real estate market which is expected to show a growth rate of 25% annually. These circumstances have prepared a strong ground to buy property in india.
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