India Property Price-Drops Good News for Buyers

Developers in India have been forced to drop the price of their off-plan apartment developments, meaning now could be the time to buy property in India, according to overseas property portal Property Abroad. Liam Bailey, their chief market analyst said:

"In my view the current global financial situation has led to one of the greatest bargains in overseas property investment presenting itself in India. The Orchard View development in Rudrapur, India, where the formation of a Special Economic Zone led to the development of some 400 factories in a massive industrial estate right by the development. This was to bring hundreds of workers into the area looking for rental accommodation, of which Orchard View was to help with the under-supply. Now, many of the factories who took plots on the estate have either trimmed their production, or closed their factories altogether and prices have dropped significantly.

"However, no one investing in property now is doing so to make immediate capital gains, or even make gains during the current financial situation, but are investing with the view to making long-term gains. Buying property like this below its market value, is an incredible mid-long term investment opportunity, because they will appreciate massively throughout India's economic recovery, and the re-birth of the industrial estate, during which time the apartments are also set to make impressive rental yields."

The Orchard View development offers 1, 2 and 3 bedroom luxury apartments just outside the Special Economic Zone (industrial estate) from just over £30,000. It is a securely gated 6 acre community, with manicured professionally designed grounds maintained by a professional gardener. The apartment building and apartments are finished to a high standard with marble throughout. The complex, which is close to all amenities, comprises its own commercial centre, restaurant, swimming pool, gymnasium and recreation centre.

Property Abroad has many other properties in India, most of which are priced below their market value and as such excellent investment properties. Find out more by visiting the site.
About Property AbroadProperty Abroad is rapidly growing into one of the best known, trusted and most successful overseas property portals in the U.K. With a slick dynamic site and very reasonable rates Property Abroad currently has among the most extensive worldwide property listings on the net. To find out more contact Liam Bailey on liam@property-abroad.com or the team at: info@property-abroad.com

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