Rupee devalues by 25% against the USD & Property prices are back by around 25% on 2008 values…..
Add this to the fact that duty rates have been reduced and finance rates are at an all time low, and you have the best buying conditions for NRI’s that have ever been seen.
If a property was 1Cr in 2008, it had a holding cost of around Rs. 1lak per month….
If you bought the same property today it would have a holding cost of around Rs. 50,000 per month !!
That is an incredible difference in affordability, - 50%
Right now is the best time you will ever see to buy property in the Indian market. You have good selection with some excellent deals on offer and a simple path for buying, renting and managing the property.
India has massive underlying demand (some 20 million dwellings required right now) and with an increasing population, diminishing house sizes and growing affluence the demand will continue to increase.
Add this to the fact that duty rates have been reduced and finance rates are at an all time low, and you have the best buying conditions for NRI’s that have ever been seen.
If a property was 1Cr in 2008, it had a holding cost of around Rs. 1lak per month….
If you bought the same property today it would have a holding cost of around Rs. 50,000 per month !!
That is an incredible difference in affordability, - 50%
Right now is the best time you will ever see to buy property in the Indian market. You have good selection with some excellent deals on offer and a simple path for buying, renting and managing the property.
India has massive underlying demand (some 20 million dwellings required right now) and with an increasing population, diminishing house sizes and growing affluence the demand will continue to increase.
A great example of current value - Tivoli a Whitefield, Bangalore’s IT hub, was Rs2600/sft now only Rs1875/sft….Fantastic value !
(more info on www.ljhproperty.com/tivoli)
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