Category: India

India Property

Goa – Good future prospects

Property in India, in particular Goa, is set to be one of the latest world property hot-spots. Goa’s tourism industry has exploded in recent years with over 2.5 million people now visiting a year. This tourism boom, combined with a wonderful climate, excellent infrastructure and a strong rental market is helping the property market in Goa become recognised by international property developers. Many believe that property bought now will make a return well into the double figures over the next 5 years, with some even believing they will double their money.

India’s Property Market Sees Sharp Decline

According to Indian real estate analysts, the property market in India, once booming, has ground to a halt over the last two months with a huge drop of 50% in the number of property transactions. For the first time in three years, property investors are actually having to drop prices to bolster demand.

Developers on the edges of big cities have found the past couple of months difficult, with prime locations within city centres holding their prices best. An example of this is Khargar, on the edges of Navi Mumbai. The prices here have declined by up to around 20%, however the prime location hotspots of the Palm Beach Road Promenade and the land around the proposed new airport have not seen any declines in prices.