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| Advertisement Title: |
MUMBAI INVESTMENT OPPORTUNITY WITH FLEXIBLE PAYMENT PLAN |
| Advertisment Description: |
India’s property market is currently ‘on fire’, with population growth of this emerging global player fuelling property appreciation by 25 - 40% per annum for the past two years.
With the middle class currently growing by around 100,000 people per year, this price increase looks set to continue. Every year the number of Indian’s earning above $20,000 per annum is increasing by 20%.
Mira Road, in the capital city of Mumbai, is an exclusive address and the home to a new development of luxury apartment blocks. These are designed to meet the demand from the growing number of affluent, middle-class city workers who want to rent, or buy, an apartment outside the city centre – where prices can compete with London – but within an easy commute.
Mira Road offers an impressive investment opportunity, with properties in a convenient and well-chosen suburban location, at an affordable price. The emphasis is on interesting buildings offering aspirational, spacious living, a world away, yet just a stone’s throw, from the crowded metropolis.
With building having just started, the time to find out more about investing in this well thought out development, for maximum return, is now. Low entry prices – from just £12,310 for a one-bed apartment – should make this desirable address an even more attractive investment option.
Why invest in the city of Mumbai?
• It is India’s commercial, financial and entertainment capital
• Arrival port for most international tourists to India
• Has a very active high-end real estate market
• Limited availability of prime locations in the suburbs
• Large population with growing, aspirational middle class
The global picture
‘Smart money may have found a new home in India’s underdeveloped property market’: Price Waterhouse Coopers recently estimated that as much as $8 billion dollars of private investment will flow into India over the next 12 months
In July 2006, Farallon Management, a US Hedge Fund, snapped up an 11-acre property in Central Mumbai for $54.5 million an acre. The purchase was called an act of idiocy by local developers. A few months later they offered 95.5 million an acre for a nearby property, it was the second lowest bid.
Morgan Stanley plans to invest over $1 billion over the next 4-5 years
Global players s such as Morgan Stanley, Lehman Bros., HSBC and ABN Amro are queuing with billions to pick up stakes in real estate companies.
Goldman Sachs have revised their prediction for India’s long term growth rate from 5% p.a. to between 8-10% p.a. Goldman Sachs believes India will be the fastest growing economy over the next fifteen years, and emerge as the third-largest economy by the year 2020
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| User Name |
admin |
| Type of premise: |
Residential |
| Type of building: |
Flats/Apartments |
| Price: |
0 |
| City: |
MUMBAI |
| State: |
Maharashtra |
| Phone: |
+44 (0) 23 8076 0468 |
| Submitted On: |
2007-10-30 |
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Contact : 9891870097
TOP BRICKS REALTORS Pvt. Ltd.
for:
GREATER NOIDA / NOIDA / GHAZIABAD |
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