Press Release Summary = Now is the right time to invest in property in India - at least that is the view of several industry experts who have shared their thoughts in recent days.
Press Release Body = Now is the right time to invest in property in India - at least that is the view of several industry experts who have shared their thoughts in recent days.
Daniel Marshell, an expert in the Indian property market, claims that investors from across the world are now opening up to the possibilities offered by the sector in Mumbai.
Writing on Article dashboard, he said that buy-to-let and commercial investors will reap high rewards if they splash the cash in the city. The rising population and its subsequent density have led to it becoming the \"second-biggest urban agglomeration in the world after Tokyo\", subsequently fuelling the drive for property in the area.
\"Mumbai has a chance for people from every class of the society to invest in [the] property market,\" remarked Mr Marshell.
\"As a middle-class man you can purchase a few apartments in Mumbai and then you can make money by renting them.\"
These views are echoed by another Indian property analyst, India Property Auction. This particular commentator said that the buy-to-let and commercial property investment market is so high that it would become the single largest business sector in India, with a current value of $50 billion ($25.5 billion) and predictions that it could rise by 25 per cent each year.
\"Demand for accommodation is ever increasing and people are willing to pay huge amounts for an accommodation that matches their taste and meets all the mentioned specifications,\" said the specialist.
\"In case immediate selling of any property is not possible, renting the accommodation is a good business and the returns are amazingly high.\"
2012
