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A
booming economy GDP 7%-8% forecast |
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FDI
only recently allowed in Real Estate |
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Nearly
$10 Billion FDI in 2005 and rising |
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Amazing
capital growth of up to 100% likely in next 24 months |
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Sustained
long term growth |
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“The
direct upshot of all this NRI investment will be the soaring
prices of Punjabi real Estate.” (Times News Network
17th Jan.06) |
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“In
India, GDP growth is likely to remain in high gear at
7.7 per cent in 2006-67, as economic activity continues
to transition from the public to private sector,"
Bank of America chief economist Mickey Levy’s report
''Global Outlook for 2006''. |
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£6.33
BILLION worth of projects approved in PUNJAB alone!
(HT Jan 06)?
over $25 billion will be spent on urban housing. (Moneyweek
Oct. 05) |
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The
major cities, often referred to as Tier 1 cities, such
as Mumbai, Calcutta, Delhi (often called North Capital
region, NCR), Chennai (previously called Madras) etc.
have already shot up in land price and in some areas have
seen rises of 100% in 1 year. The cities were the focus
of attention for investment of the large investment fund
managers from India and abroad. |
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The
boom in IT with the numerous call centres has been well
documented and lead the surge in investment into India.
Land prices are now beginning to rise in Tier 2 cities
such as Amritsar and Ludhiana in Punjab, the richest
state in India. The local developers such as Ansals,
Unitech and others have begun to invest heavily into
Punjab. New townships, Shopping malls and hotels are
springing up everywhere pushing land prices higher.
NOW is the time to get in before the prices become close
to that of NCR. |
