India, like many of the other developing countries in Asia, has seen its property market take off domestically. With many of the different industrial sectors fuelling economic growth that is unprecedented in the country's history, what people are beginning to find is that the time is ripe to take a much closer look at the property market of India.
Nicholas Marr is the CEO of Marr International, and he has nothing but high hopes for the future of the Indian property market. According to Marr, the combination of property being extremely cheap in India, a very favourable exchange rate, and a rapidly expanding and developing economy means that the time is exactly right to purchase property in the country. In fact, he went so far as to say that if you invest in India, "…then you are going to make some money."
While the prospects of the Indian property market are good for anyone whether they are domestically or foreign based, Marr stated that the people who can benefit most through investing in this property market are foreign investors.
"Everything looks like it is going to be good in India," Marr says. "I think the developers themselves are aiming at international investors. It is really geared for international investment."
Marr's reasoning is based on three major factors that have combined to create the current situation in India. While a rapidly developing economy and low property values can benefit both domestic and international property investors, the favourable exchange rate is something that makes investment in India extremely beneficial for money coming into the country from abroad.
With the country actively seeking the support of international investment into its property market, Marr argues, very effectively, that the time to secure property in India is right now.
