india property recovery led by commercial sector
News Posted On: 11 November 2009
It is very difficult to find a negative report on the India property market right now -- and that is saying something.
Apparently rents on commercial India property are currently rising in central areas according to new data from CB Richard Ellis. There are also reports of price inflation on building materials which will push up property prices.
It is hardly surprising that India's commercial sector should be growing. India is one of the best places in the world to set up in business, because of its massive population growth, and more importantly the massive growth in the middle class; the property buying population if you will.
In fact the only place that can really rival India in terms of growing middle class population is China, and foreigners are not allowed to buy in China period.
However, the positive data in the commercial sector bodes well for the residential sector as well for the time being. This is because the foreigners coming into the country for employment and/or to start/relocate businesses will all need somewhere to live. This means there is plenty of potential for solid residential lettings in the short-term and possibly sales in the mid-long term.
There are hundreds of properties for sale in india at low prices, but to fit in with the expanding portion of the market it is probably better to spend a litter bit more on a property that will be more appealing to international entrepreneurial types.
View property for sale in India
Written by Les Calvert
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