India Key Facts
Phone: +44 8701826515
Fax: +44 8445852550
Population 1.02 billion
Capital  New Delhi  
Language Hindi 
Local Time   GMT +5½ Hours  
Climate  Average Summer Temperature 31.5°C 
Currency  Rupee 
 Key Facts
India's ancient and diverse culture , sweeping back at least 5000 years, with successive waves of migration absorbed into the fabric of Indian life, has enriched over and over again to make a multi-cultural nation with a wide diversity of languages, customs, cuisines, religions, literature and arts. Within this kaleidoscope of immense variety there is a thread of continuity that has determined Indian civilization and social structure.  

India is the largest democracy in the world, the seventh largest country by area and has the second largest population. Located entirely in the Northern Hemisphere, it is bound by Pakistan, Afghanistan, China, Nepal, Bhutan, Myanmar and Bangladesh. The Arabian Sea, the Indian Ocean and the Bay of Bengal border its coastline.  
The nation's diversity is abundantly obvious with the bustling metropolis of Delhi & Mumbai, the arid state of Rajesthan and the tropical beaches of Goa. The nation is vast and difficult to encapsulate in a few short words.

From a property perspective, Delhi & Mumbai does present opportunities but it is also one of the most expensive real estate markets in the world. Most investors tend to focus on Goa, which is an increasingly popular tourist destination and even retirement location due to the low cost of living. The former Portuguese colony feels unlike any other part of this giant country. It has a distinctly European air in many towns, although you never feel like you are anywhere other than India.

There are a number of small resort towns scattered along the idyllic tropical coastline that present potential opportunities for property investors. Places such as the popular market town of Anjuna, Margoa, Panji, Cavelossim, Palolem and many others along the coast have increasing numbers of interesting purpose built developments.

Whilst there are countless things to do and see across India, Delhi is probably a good place to start on a pursuit of Indian investment property.
Compelled by a serious economic crisis in 1991, India made a decisive break with the post-Independence economic policies encapsulated in the term "Nehruvian socialism". The economy responded: annual GDP growth averaged a little over 6% in the 1990s, well above the annual average GDP growth of 4.3% for the previous four decades (1950-90), although growth slowed to 4.3% in 2002/03. Population growth fell back. So per capita income accelerated, growing by over 4% per annum in the 1990s. India is now the world's twelfth largest economy by market exchange rates and the fourth largest in PPP terms (2002) after US, China & Japan.  

But growth was not evenly distributed. Some States achieved S E Asian "tiger" growth rates, while others lagged behind. The States of Karnataka, Andhra Pradesh, Tamil Nadu, Gujarat, Maharashtra, Rajashthan, and West Bengal grew rapidly, while the populous but poor States of Uttar Pradesh and Bihar grew slowly, barely keeping pace with population growth.
A rapidly growing consumer class has emerged since 1991. This is reflected in the rapid increase in use of consumer durables. Currently, there are about 75 million television sets, projected to reach 225 million in 2008; and 5 million personal computers, projected to reach 30 million in 2008. India's present two million Internet subscriptions are projected to reach 50 million in 2008. There are 26 million fixed telephone lines, expected to reach 125 million in 2008; and 3 million cellular phones, projected to reach 12 million in 2008.  
Equally important, the reform programme, although slow in its implementation, has reduced economic distortions and has increased external and internal competition. The public sector role both as producer and consumer of goods and services is declining, although still significant - in 1999/00 the public sector accounted for a quarter of GDP, one-third of investments and one-sixth of final consumption expenditure. This will fall gradually, as the privatization programme gains momentum in the coming years. Notwithstanding concerns over the sale of one public sector oil company, IBP, to another state-owned Oil Company, IOC, the round of privatization completed in February 2002 is a significant step forward in a process that has been on hold for a considerable time. This has enhanced the attractiveness of state-owned assets in sectors with a promising future such as telecoms, oil and gas, pharmaceuticals, real estate development and travel and tourism. 
 History & Politics:
From the eighth century onwards the Muslim invasions into India started, culminating in a long rule of the Mughals. In the sixteenth century the Europeans including the Dutch, English, French and Portuguese came to India in search of trade. As the Mughal empire collapsed, the British slowly gained ground over both the other Europeans and Indian Kingdoms, and India became a part of the British empire in the middle of the nineteenth century. The United Kingdom administered most of India directly and controlled the rest through treaties with local rulers, until 15 August 1947 when India attained Independence.  
Indian democracy follows the parliamentary system of government generally based on the British system. There is universal adult suffrage. The President is the constitutional head of government. Real executive power rests with the Union Council of Ministers headed by the Prime Minister. The members of the lower house of parliament, or the Lok Sabha, are directly elected by the Indian people. India has a federal system of government that gives considerable autonomy to its States and Union Territories. The States have their own elected governments, and are styled on the same pattern as the Union Government. In the States, the Governor is the constitutional head while the Chief Minister wields the real power.  
 Standard of living 
The cost of living in India is moderate by American or European standards. The per capita income of US$ 480 (2001/2; at market exchange rates) compared favorably with the rest of south Asia. However, this could purchase many more goods and services in India than would similar level of incomes in developed countries; India's per capita income in PPP terms was about US$ 2,540.  
The seventh-largest country in the world, India covers an area of about 3.29 million square kilometers. India is located in the southern peninsula of the Asian continent. It is bounded to the northwest by Afghanistan and Pakistan, to the north by China, Nepal and Bhutan, and to the east by Bangladesh and Nyanmar. The southern part of India tapers off into a peninsula, with the Arabian Sea on the west and the Bay of Bengal on the east. The Gulf of Mannar and Palk Strait separate India from Sri Lanka.  

The mainland comprises four regions: the great mountain zone in the north; the Indo-Gangetic plains, about 2400 km long and 240 km to 320 km wide; the southern peninsula, consisting of the fairly high Deccan Plateau, the mountains and coastal strips; and a desert region in the north-west.
 Travel Information: 
Passports / Visas 

Foreign Nationals wishing to enter India must be in possession of a valid passport and a visa. 

Visas are obtained from the Indian High Commission and there are a variety of visas available. All visas specify the number of times a visitor may enter the country. A multiple entry visa will be required for those intending to visit neighboring countries like Pakistan, Sri Lanka, Bangladesh or Nepal and who plan to re-enter India. For more information on visas please visit the High Commission for India website.  

A card for disembarking is to be completed and submitted along with the

passport at the time of arrival. 

Tourist visa
Tourists wishing to India for a holiday should ask for a tourist visa. A tourist visa is generally valid for 120 days in India.  
Foreign nationals going to India on a long term visa of more than 180 days should obtain a registration certificate and residential permit from the Foreigners' Registration Office within two weeks of their arrival. If a foreign national who has arrived on a visa valid for up to 180 days decides to stay in India for more than the specified period, they should immediately make an application to the Foreigners' Registration Office.  
Extension of visas 
Applications for visa extensions can be made at the Foreigners' Registration Offices and in all state and district capitals at the office of the Superintendent of Police.  
Health advice / risks 
You are advised to contact your local GP before making any trips to India. Travel Insurance is essential.
Travel routes to India 
About 97% of foreign visitors to India come by air. Mumbai ( Bombay) and Delhi are the major entry points. Others enter through Kolkata ( Calcutta), Chennai ( Madras), Thiruvananthapuram. There are also a few other small international airports providing international flights, but the frequency is fairly limited. Among these are Bangalore, Hyderabad, Ahmedabad, Calicut, Goa, Varanasi, Patna, Agra, Jaipur, Amritsar, Tiruchirapally, Coimbatore, Lucknow. The four main international airports are served by over 50 international airlines.  
It is essential that visitors reconfirm their return flights at least 72 hours prior to departure.  
Airport departure tax
There is a tax of Rs500 for all persons leaving India for foreign countries. The tax on travel to neighboring countries is only Rs150. The general practice is however to collect the tax when the ticket is issued.  

Property Frontiers can assist in making travel arrangements for visits to India. Please visit our Travel Services page for more information.


How to get to & from the airport


It is best to arrange to be picked up from the airport. Your hotel would normally be able to set this up for you.

 Traveling in India 
There are official buses operated by the Government, Indian Airlines and other agencies at most airports in India. Foreign visitors also have the option of traveling to the commercial centers or place of residence either by metered taxis or pre-paid taxis. Most international airports have pre-paid taxi booths inside the arrival hall. This is the best and most economical way to get to a commercial center or place of residence. If other taxis are used, visitors are well advised to negotiate the prices, as there is a general tendency to charge higher amounts. Visitors can also hire a chauffeur driven car at airports from the travel counters, but this is a more expensive way to travel. 
India 's major domestic airline, Indian Airlines, flies extensively throughout the nation and into neighboring countries. The country's international carrier, Air India, also operates domestic services, principally on the main metropolitan routes like Mumbai (Bombay) - Delhi, Mumbai (Bombay)-Calcutta, Delhi - Calcutta and Delhi - Chennai (Madras) routes. There are several other independent private airline operators giving tough competition to the Indian Airlines, the best among them being Jet Airways and Sahara Airlines. Even smaller are regional airlines operating on regional sectors. Most airlines have computerized booking, hence getting flight information and flight bookings is relatively simple.  
Check-in time is normally one hour before departure, except in the case of Air India domestic flights where international rules apply.  


At each of the international airports of Delhi, Mumbai ( Bombay), Calcutta and Chennai ( Madras), there is an instant Booking-cum-Reservation counter that facilitates onward journeys by train.  
The Indian railway system is the world's fourth largest and almost all towns and cities are linked by railway. Wherever available, foreign visitors are advised to travel in first class air-con or first class. The air-con carriages only operate on the major trains and routes. The fare for first class air-con is more than double the normal first class. A slightly cheaper air-con alternative is the air-con two-tier sleeper, air-con three-tier sleeper and the air-con chair car. These carriages are more commonly available than first class air-con, but are still only found on the major routes.  
Visitors are also advised to check with the Indian Railways on details of Indrail Passes, which are extremely popular and economical as they provide unlimited travel on trains during the period of validity. The rates vary according to the number of days of travel as well as the class of travel.  
Fares on Indian railways are less expensive than air travel, but travel times are also much greater. For example, air travel time from Delhi to Mumbai ( Bombay) is only two hours, compared to the exhaustive 17 hours journey by train.  
India has a wide network of roads. A number of roads connecting various states have been classified as National Highways and are generally in good condition. In the second categories, are the State Highways or the roads maintained by the local bodies, which are not as good as the National Highways.  
All vehicles travel on the left. Because of the extreme congestion in the cities and the narrow bumpy roads in the country, driving is often slow and disorganized.  
India also has an extensive and well-developed bus system for inter-city travel. Inter-city or inter-state bus services are frequent and inexpensive. In most states, there is a choice of buses available on the main routes - ordinary, express, deluxe and deluxe air-con.  
The best way to travel around towns is by taxis. Yellow top taxis are generally easily available at stands, near commercial and residential areas and can be stopped on the roads. Visitors are advised to ensure that the meter is flagged down before starting the trip. A maximum of five passengers is generally permitted. Payment should be made according to the meter. Where meters are old, payments should be made in accordance with the revised tariff chart for the corresponding meter reading.  
Sometimes taxi drivers do not show these charts in order to charge higher amounts. Visitors are advised to insist that the revised tariff chart is shown.  
In some cities, scooter rickshaws are also available and are more economical, at roughly half of taxi rates. These too are metered and should carry a revised tariff chart where applicable. A maximum of three passengers is generally permitted.  
Night charges of 25% over and above the normal fare are payable for taxis and scooter rickshaws engaged between 23.00 and 05.00.  
Private, non-metered taxis are available in most cities. They can be hired on a journey basis, or for the day. Hotels can also arrange taxis for the day depending on your requirements.  
Pre-paid services are generally available at airports. All passengers can make use of these services by contacting the Pre-paid Taxi booth.  
Car hire 
Cars may be hired with or without a chauffeur. Renting a car with a chauffeur in India is relatively inexpensive. Visitors coming from the UK intending to drive need to hold an International Driving License. However, the facility of renting a car at one place and leaving it at another is not common in India. Most of the chauffeurs and car rental agencies can communicate in English. Hotels also provide car rental services for their customers. Driving in India is hazardous for the visitor and is not recommended.  
India offers an unusual variety and range of accommodation to suite any visitor's budget and lifestyle. All the major towns and destinations have hotels to match international standards - ranging from the 5 star luxury to budget accommodation. The service in the 5 star hotels is outstanding and so is their warmth and hospitality.  

Hotels and restaurants

The accepted practice is 10% of the bill for meals, except that when bills are large a reasonable amount should be given.  
Cloakroom attendants 
It is not a practice to tip cloakroom attendants. Being discretionary they may be tipped between Rs10 and Rs50.  
Airport porters
Airline passengers generally use trolleys available at the airport for carrying their luggage. For excessive luggage, the services of porters may be used on the basis of Rs10 per item. No other tips are required to be paid.  
Train porters 
Train porters are generally paid on the basis of Rs10 per baggage. There is no other tipping.  
Taxi drivers 
Taxi drivers are not tipped where taxis are used for local commuting. However, where taxis are hired for the full day or for longer periods including long distance travel, tipping is optional and an amount between Rs50 to Rs200 is acceptable.  
Hotel porters
Hotel porters are tipped on a discretionary basis, however, not less than Rs10.  
Hairdressers are usually tipped up to 10% of the bill amount.  
Petrol pump attendants 
Petrol pump attendants are not tipped.  
Restaurants in India offer a variety of cuisines such as Continental and Chinese. Of course Indian, Mughlai and Tandoori food are the specialty, with the time honored ritual of hand pounding, grinding and marinating over special fires. This cuisine provides more than a meal, it opens a new avenue of experience; a journey into the Mughal past facilitated by culinary expertise.  
When ordering an Indian meal, visitors should request dishes to be mildly spiced depending on their preference.

Though the towns and cities are full of restaurants, some of the best restaurants are located in the five star hotels.

Most restaurants are open for lunch from 12.00-15.00 and for dinner from 19.00-24.00.  
Electricity supply 
Sockets are the three pin-round variety, similar (but not identical) to European sockets. Though European round-pin plugs may go into the sockets, the fit is loose and connection is not always guaranteed. It is advisable to carry an adaptor with you. (Most hotels normally hold a limited supply of adaptors for guest use).
Hours of business 
Normally 09.30-13.00 and 14.00-17.30 Monday to Friday, but these times can vary with some offices staying open much later. Some business is open on Saturday mornings.  
For money transactions, banking hours generally are from 10.00-14.00 Monday to Friday and 10.00-13.00 on Saturdays. However all banks do remain officially open in the afternoons generally up to 17.00 Monday to Friday for all other business activities. These business activities can also be conducted in the mornings during banking hours.  
Normally 10.00-19.30 Monday to Saturday.
Social etiquette 
While the universal language of a smile and gracious nod may result in an instant warmth in India, the most common social courtesy is greeting with hands folded as in a prayer, which is known as namaste.  
Women should generally be greeted with folded hands; shaking hands, except in westernized circles, should be avoided. However, when men greet each other, they usually shake hands.  
Etiquette requires the use of the right hand when giving or receiving. 
 India, a great investment! 
Property prices in Delhi are currently one third of other global centers such as London, Tokyo, New York and Hong Kong, therefore capital appreciation is set to be huge over the medium to long term. It is already the fastest growing city in the world, attracting large amounts of foreign direct investment every year. Capital growth increased from 15% in 2003, to 25.5% in 2004, and stabilized at 19% in 2005.

India is the new investment destination. The economy is growing at a brisk 7-8%. Bank credit is easy. There is a new generation of IT / ITeS professionals with money to spend. All around there are signs of frenzied construction. Real estate and stock markets are booming. If you want to invest in India, the time is now. If you are looking for property there are choices galore. Almost anything you buy is likely to appreciate. Rentals are healthy. Prices are rising steadily. The industry is well regulated, eliminating fly-by-night developers. Foreign investment is now permitted in real estate. You can't lose.

"Real estate prices had witnessed a lull between 1995 and 2000 and it is only in recent years that they started moving up," says Renu Sud Karnad, Executive Director, HDFC. "We have seen that the interest in real estate and the corresponding demand is from genuine buyers and not from speculators or investors. Since the demand for housing is from genuine purchasers, there shouldn't be too much concern of the market heating up." Apart from the five metros, the hunger for living space is evident in more than a dozen cities: Ahmedabad, Bhopal, Chandigarh, Coimbatore, Goa, Hyderabad, Indore, Jaipur, Kochi, Nagpur, Pune, Vizag... Take your pick!  
 Property Investment in India 
The Economy in India is surging ahead at a brisk pace. The growth rate in 2004-05 was 6.9%, which is second highest among the global emerging markets surpassing all expectations. Indian Real estate market is reaping the rewards. Almost 80% of real estate developed is Residential and rest is commercial. IT and BPO success story has brought about a situation increasing disposable incomes which has changed the face of real estate in India. Real Estate is vital to the country's infrastructure and economic development. The Indian government has realized this and has taken steps in introducing several reforms and schemes such as facilitating Foreign Direct Investment (FDI) thus allowing further boost in the growth of the Real Estate. This sector has a bright future and there is huge scope for development. 
Commercial Market
BPO and IT companies do not require prime locations. Suburban locations are more reasonable and suited to this. This has led to the development of these areas. Developers are constructing properties with facilities and amenities at par with international standards. Yearly appreciation on commercial real estate market across the Indian metro ranges from 19 to 51%. 
 Retail market 
Retail market is standard and integral part of the real estate development in India. The entry of the leading retail outlets is a matter of time. Large international retailers like Macy’s and Wall Mart are working out the strategies to enter into the Indian market. Average yearly appreciation on the retail real estate ranges from 18 to 43%  
Residential Market 
Real estate in this segment too is booming in metros and other cities. Suburbs are the focal points due to cost factor thus driving relocation strategies of the companies. Developers are building world-class integrated town ship projects with latest facilities and amenities. Easy availability of loans has definitely helped. An individual can avail up to 90% loan amount right from the project commencement stage. Annual appreciation here has remained between 14 to 38%.  
 Delhi Scenerio: 
The Delhi real estate is considered the yardstick for the burgeoning real estate sector in India. Delhi is a mature, demand led market where there are many more end users as compared to other speculative markets in the country. There has been an appreciation in real estate values due to increase in the demand. Investors and HNI's have been actively investing in various real estate properties. The investment market is thriving with returns increasing manifolds over past few years. Currently, the real estate investors are mainly HNI's, with the relaxation in FDI regulation, institutional money is expected to be flowing into this sector.  
 Delhi Commercial Market 
The Delhi Commercial market comprises of the Central Business District (CBD)- Connaught Place, Karol Bagh, Chandni Chowk and Suburban Business District of South Extension, R. K. Puram, Kirti Nagar. As there is no new supply expected in CBD, companies continue to shift to Suburbs. The companies are looking at Gurgaon, Noida, Kundli and Rohtak border because of state of art buildings available in that area. Higher efficiency and most importantly closer to the manpower pockets have helped. The higher demand in SBD is due to lower lease rentals and better infrastructure. Vacancy rates in CBD will lower little bit due to the rising demand of the quality office space by MNCs.IT/ITES companies continue to move into cheaper locations as real estate supply in CBD of Delhi is low, expensive and not to as per the specification therefore suburbs like Punjabi Bagh, Greater Noida and Sona will gain major momentum. The property boom and upsurge in the construction activities in most parts of the city have led to an increase in the investment opportunities in the commercial real estates sector. There has been an appreciation of about 25-55% in values for commercial properties in micro-markets in Delhi barring a few exceptions. 
The commercial property rates are expected to rise by around 15-40% because of the mismatch in demand and supply. Rentals in the secondary Business District of Noida, Gurgoan and Kundli have also witnessed upward pressure. Yields on commercial properties have been between 19-41 % and are expected to remain at this level. 
 Delhi Retail Market 
In Delhi 25 fully functional malls occupying area around 4.5 mil Sq.Ft will be functional by the end of year 2006.0rganized retail development is now shifting towards Western and Southern suburbs due to the availability of the land at the affordable rates. Government's proposed policy to allow the FDI in retail will have strong effect on organized retail developments in terms of construction design, concept, quality safety, amenities and consumers, security and most importantly the post construction mall management. In next 12-14 months foreign brands will be allowed to enter the Indian markets. Areas such as Noida, Gurgoan, Ghaziabad and DLF will emerge for a new concept called as Specialty malls, which cater to a particular product line. Malls are scoring over High Street shopping because of better facilities like food courts, entertainment, cinema theatres and air-conditioned environment. 
 Delhi Residential Market 
Delhi residential segment is performing very well in the current scenario. The demand for the quality residential leased apartments in south and south central Mumbai has increase significantly in past one year. The increase in demand in the suburbs is due to availability of easy loans, with limited supply in south Delhi the shift has been towards East Delhi. The demand is very high in NDSE for sale and lease apartments but due to quick absorption of these apartments and limited construction activities the shift has been to the adjoining areas like Grater Kailash, Sanik Vihar where newer constructions are coming up also there in these areas few pockets have witnessed noticeable capital appreciation. in last 9-12 months. The lease rentals in Defense Colony and Hauz Khas are also under continuous upward pressure due to very limited supply and close proximity to excellent social infrastructure and airport. 
A large supply is coming from western suburbs like Moti Bagh, and, Patel Nagar. Availability of vast industrial land provides tremendous scope for planned development that includes quality housing with ample open space, clubhouse, security etc. Middle and upper middle class have shifted to these areas for the new developments offer better lifestyles to individuals. Upper end luxury residential apartments are experiencing a strong demand by MNCs for their executives. Supplies in suburbs has been absorbed due to a very high demand, the capital values have shown an increase of about 15 – 45%. Many developers are expected to announce new projects soon. The end user demand in the suburbs is expected to continue to be strong. Rental and Capital values in South Delhi will move upwards due to the short supply. Widening of Roads and Western Express high way will make commuting far comfortable for the residents living in the area. Thus property prices in these areas will see further 10-15%increase. To sum up the residential market is on up ward swing and prices trends will continue to be gently upward.  
 Bangalore - Real Estate Investment 
In Bangalore, IT and ITES sector continue to dominate all major real estate commercial space transactions in the market. Backed by the tech sector, the demand for large floor plates has characterized major transactions in the city. Additionally built- to-suit development has also kept pace in the Bangalore Real estate. NRIs living in US and Britain have begun to invest in properties in Bangalore, en masses and this may just be the indicant of the whole new trend in life style and real estate. According to reports nearly 7.5 mil Sq.Ft space is under construction in suburbs and peripheral areas of Bangalore, out of this 3mil Sq. Ft is committed. This is a good indication for HNIs looking at investing in Bangalore. Though the yields in Bangalore have decreased, declining vacancy rates and buoyancy in the market have given optimism to Bangalore real estate. 
 Bangalore Commercial Market 
Bangalore commercial market comprises of CBD-Richmond Road, Brigade Road, Whitefield, Electronic city, Bannerghatta Road, Hosur Road, Airport Road and outer ring road. The major development is taking place in the Peripheral District area with over 3mn Sq Ft office space getting ready by march 2006.The demand for commercial space is increasing and the focus will shift to Yelahanka and Devanhalli due to new international scheduled to be operative by year 2008. Rental values in CBD have risen marginally while capital values across most micro markets have recorded noticeable upward movement. Developers are building as per the demand of the companies requiring A grade space with large floor plates, higher ceiling heights, satellite connectivity and higher bandwidth. Whitefield continues to be the most preferred location today, as land prices are increasing developers are targeting peripheral areas to offer quality space at competitive prices. 
 Bangalore Retail Market 
Bangalore is witnessing a retail revolution and by Year 2007 the retail stock is expected to reach a whooping 4 mil Sq.Ft. In the year 2006, India may have its biggest mall with built up area close to 1.75mn Sq.Ft on the Sarjapur Road. Year 2006 will also witness completion of many malls on Outer Ring road and in Whitefield. The family entertainment concept is fast picking up and new malls are complimented with Cinemas, food courts and entertainment venues.  
 Bangalore Residential Market 
There has been a noticeable demand for prime residential properties and developers are targeting residential areas in the outskirts of Bangalore such as Whitefield, Sarjapur road, Banerghatta Road and Kanakpura Road. Demand is also high for leased apartments in prime areas of central Bangalore by company executives, due to limited supply there is upward pressure on rentals. New developments are shifting away from the central Bangalore due to close proximity to IT and ITES areas and availability of land for lifestyle projects. Nearly six mega townships promoted by reputed developers are on the anvil in Bangalore. The proposed mega townships will have thousands of housing units and will be a mix of apartments, row houses and villas. Moreover the ton ships will include educational, commercial, retail and medical facilities. Capital values for apartments in prime residential areas of Bangalore are in between INR 3000-4000 / Sq.Ft while rental values are in the range of INR 2530/sqft. Per month. Absorption rates for prime and quality residential apartments is very high thus demand is exceeding the supply in the areas of Outer ring road, Whitefield and Airport road. There is scarcity of luxury apartments thus in last one year capita; values in suburbs have increased around 35-50% due to high demand.  
 A summary of The Property Investment in India 
 Buoyant property market, promises, capital appreciation, assured regular income  and inflation Hedge
 Returns or income from real estate much higher than other investment options. 
 Real estate is an attractive investment option 
 About 20% of Foreign Direct Investment coming to India in 2005-06 is estimated to be captured by Real estate.  
 Introduction of Real Estate Venture Capital Funds 
 Foreign Direct Investment in Retail 
 Lower interest rates and easy availability of Housing finance 
Whilst every effort has been made to ensure accuracy and completeness, we cannot offer any warranty that factual errors warranty have been occurred We would like to be told of any such errors so that these can be put right. Axiom Estates or any of its subsidiaries or partners take no responsibility for a1ry damage or loss suffered by reasons of the inaccuracy or incorrectness of the article.  

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