India is a country full of tradition, full of surprises
It’s a land where temple elephants live side by side with the microchip. Where local fishermen build simple, traditional fishing boats, while a few miles away, motor vehicles are gliding off conveyor belts in state-of-the-art factories.
Today’s India is also where an increasing number of Fortune 500 and other reputed companies are moving. Microsoft, IBM, Sony, Honeywell, Toyota, Ford, Shell, Unilever and many more have recognised the advantages of investing in one of the world’s fastest growing economies.
They know that as the economy grows at more than 8% a year, investment in India will yield huge dividends. Property prices especially are rising fast, and not just in the biggest cities.
With a population well in excess of a billion the potential for growth in the real estate sector is uniquely huge.
In fact Merrill Lynch has forecast that the Indian real estate sector will grow from $12 billion in 2006 to $90 billion by 2015.
Or, as Michael Smith, head of Asian real estate investment at Goldman Sachs puts it:
“India is the most exciting real estate market in Asia.”
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