India - The Most Exciting Real Estate Market in Asia
Real estate in India is touching unexplored heights with property boom spreading in all directions. Property prices in India are rocketing, and not just in the big cities but also in increasing number of smaller towns. As tech boom spreads across the country and the economy grows at faster than 8% a year, more Indians are buying homes than ever before and the real estate is attracting more and bigger investors, majority of them from abroad.
The new stand adopted by Indian government regarding foreign direct investment (FDI) policies has encouraged a growing number of countries to invest in Indian Properties. According to Merrill Lynch, the Indian realty sector is expected to grow from $12 billion in 2005 to $90 billion by 2015. In the past year and a half, land prices have escalated by 30% to 100%. Such a steady rise in value has attracted leading foreign investors like Morgan Stanley and Merrill Lynch, who are investing heavily with local builders. Foreign companies have also poured money into funds that invest in Indian developers. India is now believed to be one of the last major countries in Asia with an improving real estate market.
ETA Star Property Properties in India
Recognizing the soaring potential of the Indian realty sector early on, ETA Star Property Properties has already begun investing in prime locations across the country, building iconic properties with international appeal and world-class standards.