Navyroof.com – the company that brings investment opportunities from the most up and coming areas of India to investors in the UK – has been quick to present Rudrapur to UK investors after the change in Indian investment laws. Units start at just £28,950 (€ 36,735).
Rudrapur is situated 250km north east of Delhi in Northern India, near the Himalayas. Chosen with care – on the basis of its many merits – this 4,200 acre development will employ 300,000 people upon completion. It will be home to some of the world's and India's leading manufacturing companies attracted by tax incentives, availability of skilled labour force, cheap energy costs and excellent transportation links.
With a large influx of people to Rudrapur, a severe housing shortage can be expected. The Government of India has already reported a 19.8 million unit housing shortage in the country, offering a huge investment potential for UK property investors looking for options as exorbitant UK property prices and the credit crunch limit investment in the UK.
Andrew Fassnidge, Managing Director of Navyroof.com said, "With the UK market in decline and investors increasingly looking further abroad, India is a very attractive proposition. 'India Inc.' has invested approximately £1 billion (€ 1.27 billion) in Rudrapur, making it the next big address for industry. What Bangalore is to IT, Rudrapur will soon be to manufacturing."
He added, "With the law change it is now possible for foreign buyers to invest in India and the Indian property market is primed for a phenomenal boom. Merrill Lynch has predicted the property market will increase from a value of £ 6 billion (€ 7.63 billion) in 2005 to £ 45 billion (€ 57.19 billion) by 2015. Capital appreciation will not be overlooked by the astute investor here."
Seminars will be held by Navyroof.com in the coming weeks to give potential investors more information about these properties and investing in India.
About Rudrapur
In the 17th century Rudra Chand (ruler of Kumaon) laid the foundations of a town that was 250km from Delhi to defend his hill kingdom against attacks from plainsmen. He called it Rudrapur.
New Delhi came out with a special package of fiscal incentives for the development of this northern hill state of Uttaranchal. Special Economic Zones (SEZ) were set up to attract manufacturing companies to Uttaranchal
The biggest and most prestigious of these SEZ is based in an area 1km outside the city of Rudrapur. This huge 4,200 acre has attracted 465 large companies to date. Construction of 388 factories is in progress, with another 77 units having already begun production of goods.
Leading companies that have bought plots include:
Tata: One of India's largest car manufacturers, with 96 divisions and employing over 246,000 people – an incredible 1000 acre site
Nestle: The world's largest food and beverage company – 24 acres
Bajaj: One of India's leading motorbike companies – 60 acres Jagson Pal: Among India's premiere pharmaceutical companies – 11 acres
HCL: Leading global Technology and IT enterprises with annual revenues of US$ 4 billion – 9 acres
Reasons to invest in India – Some facts
- 70% increase in Indian property prices over the last 2 years
- 7 fold predicted increase in value of the property market from 2005-2015 (Merrill Lynch)
- 300 million middle class people living in India by 2010 (higher than the US)
- 8% economic growth predicted until 2020 (Goldman Sachs)
- 19.8 million unit housing shortage (Report from Gov of India)
- 13.8% increase in wages in 2006 (highest in Asia-Pacific region)
