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The Market
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India |
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India is currently one of the world’s best places to buy
property for investment purposes. |
| Overseas money is flooding into India, and the rate of
influx is increasing. |
| At 8%, the GDP growth is second only to China, twice as
fast as that of the USA and four times ahead of the European
Union. |
| The current boom in the real estate sector is driven by
the Governments decision in March 2005 to allow 100% foreign
direct investment in the property market. |
| Lower interest rates, local housing finance, rising
salaries and job prospects have also contributed to the
boom. |
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Punjab |
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Amritsar is in the state of Punjab which is the strongest
of all the Indian states, with the highest per capita
income, and boundless opportunities for investment. |
| It has 6 airports including an International Airport
being more than any other Indian state. |
| Consumer spending in Punjab is higher than the national
average. The average per person monthly consumption
expenditure is Rs 1183, which is higher than the national
average of Rs 1149. |
| Punjab is the favoured destination for the retail
industry, so investors are keen to tap into the huge
potential that the Punjab offers. |
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Amritsar |
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As the jewel in the crown of the Punjab, Amritsar has the
best infrastructure in the country. |
| According to an infrastructure index from the National
Council of Applied Economic Research, it has a score of 210
against a national average of 100. |
| A number of financial institutions are based in Amritsar,
and the area is developing into a thriving financial centre. |
| Amritsar enjoys a good transport infrastructure and is
close to the international airport. Low cost flights are
available from other parts of the world, particularly the
USA, UK, mainland Europe, and the tiger economy countries of
Asia like Japan and South Korea. |
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Investment Potential |
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As an investment, this is just like a London buy-to-let,
but for much lower prices. Amritsar is experiencing enormous
growth, so your investment has huge potential. The real
estate market, which is about US$ 16 billion, is predicted
to reach nearly US$ 60 billion by the year 2010, according
to the Associated Chambers of Commerce and Industry of
India. |
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Rental Market |
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There’s great potential for the rental market in India
for both residential and holiday lets. |
| With the influx of new local business opportunities there
is a strong demand for residential lets from corporate
executives looking for all inclusive high quality
accommodation. |
| In addition, Amritsar is a world class tourist
destination with a reported seven million tourists each year
visiting the Holy city and the spiritual and cultural centre
of the Sikh religion. |
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