India – a fast growing economy

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by Kay Murchie

Whenever there’s a rapid expansion in the property market, there are always people who speculate about how long the growth will last. The UK economy has experienced a long period of rapid growth and there are many who wonder how many economies around the world will experience a long period of growth.

Many studies show that India is the second fastest growing economy in the world and it is expect that its property market will continue to thrive, making it a good overseas investment.
There is speculation that JPMorgan, the US global finance firm, and Aparna Constructions & Estates are in negotiations concerning the investment of a $100 million property development.

Other aspects to bear in mind are the recruitment of many professionals from overseas by Indian firms to support their growth. It is evident that during the last few years, between 5% and 15% of managers employed by Indian firms are expats. Such a property scheme may increase demand in the buy-to-let market for these managers if they choose to rent their homes and avoid the paperwork involved with purchasing a home.

As long as the growth continues, the opportunities for property investment will rise.