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International Property Investment News
"Can't go wrong" in India
The amazing economic growth of India offers great long-term prospects for property investments, according to industry commentators.
Hetal Shah, director of Investors Provident, said that investment in the booming cities of Mumbai and Delhi would offer lucrative returns and was more advisable that attempting to capitalise on the popularity of tourist destinations like Goa.
"Goa's probably done and done, especially the more popular tourist areas in the north of Goaâ¦if you go and buy a property there, it's very, very expensive.
"Areas like, for example, Bangalore, Hyderabad, where you've gotâ¦the IT sectors, you can't go wrong with those. And definitely the metros: you've got Mumbai, Delhi."
He confirmed: "[They're] expensive, but then again, you can't go wrong because it's like investing in London: you'll just never go wrong in the long-run."
India now has one of the fastest growing economies in the world, with a GDP growth of 9.4 per cent last year - Asia Today recently reported that the economy is now worth $1 trillion.
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