Property show announcement marks further Indian boom

Released on = June 20, 2007, 11:24 am

Press Release Author = Jimwatson

Industry = Real Estate

Press Release Summary = When any market booms, there are always those who wonder how
long things can last and when the bust will come. Such pessimism is sometimes
justified, but not always. Just as, for example, the UK economy has enjoyed a long
period of economic growth without the boom and bust of the past, so there are many
who will argue that many emerging economies around the world have a long period of
growth ahead.

Press Release Body = When any market booms, there are always those who wonder how
long things can last and when the bust will come. Such pessimism is sometimes
justified, but not always. Just as, for example, the UK economy has enjoyed a long
period of economic growth without the boom and bust of the past, so there are many
who will argue that many emerging economies around the world have a long period of
growth ahead.

Of course, much of this oracle reading is speculative and subject to life\'s
uncertainties, but there does appear to be a number of indicators that India, the
second fastest growing economy in the world, is likely to see its property sector
continue to expand, making investment a good bet.

Certainly a positive message will be part of the India Property Show 2007 in the USA
and Canada. Already staged in Dubai, the North American version will seek to boost
the market further with investment from the two G8 countries.

It will be the second year in a row such a show has taken place, with the
announcement, made via the Cinemaya Media Group today, pencilling in dates for
Canada, Ontario and New Jersey.

Of course, it is one thing to put on a show, but the proof comes with the response.
It would be reasonable to say organisers were sufficiently encouraged by last year
to re-run the event, but solid, major investment is the real evidence.

Such investment may indeed be on the way. A report in the Economic Times indicates
that US global finance firm JPMorgan is currently in talks with Indian real estate
firm Aparna Constructions & Estates with a view to investing $100 million in a
property project in the country.

There are other factors to consider too. One is the impact of the recruitment of
many professionals from overseas by Indian firms to aid their growth. Reporting on
the case of Londoner Peter Akers and his wife Jane, the BBC noted this week that in
the last few years between five and 15 per cent of managers hired by Indian firms
were expatriates. Such a development may, of course, increase demand in the
buy-to-let sector for these managers should they rent their homes rather than try to
skirt round the red tape to buy. But it also suggests that Indian companies are
successfully attracting the kind of expertise needed to ensure the growth of the
economy is built on rock and not sand.

Mr Akers, who is learning Hindi to help integrate socially, told the BBC: \"What
we\'re doing here is difficult and not without its stresses, but it\'s all about
growth.\" As long as that growth continues, the prospects for investors in property,
whether in the commercial field as disposable incomes rise or the buy-to-let sector
as the middle class grows, should continue to be good and attract more investment.


Web Site = http://www.assetz.co.uk/

Contact Details = Assetz House, Newby Road, Stockport, Cheshire, SK7 5DA, 0845 400
7000, linkexchangeseo@gmail.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •