View Single Post
  #5  
Old 03-06-2008, 12:25 PM
realtymatching realtymatching is offline
Active Member
 
Join Date: Nov 2007
Posts: 8
Default

Hi.
Well, it is mostly Indians who've made it big abroad, who want to invest their money in property in India which shows very positive signs. The reasons for this are very clear. India's economy is booming. The people's standard of living, here is improving fast. So, more & more Indians want better quality apartments, have more money to spend, hence want more malls, cinemas, restaurants etc. There is a huge well to do middle class which is growing real fast. Compare this with some other countries where the property bubble has burst and you will see the differences are plain and simple. The populations of those countries are small and dwindling. The economies are mainly based on tourism or 2-3 sectors which is difficult to sustain long term. India just needs to get its act together in terms of infrastructure. Then the property market will explode.
Reply With Quote