WHAT’S THE PROPERTY SCENARIO IN INDIA?
According to the ministry of urban development and planning, the percentage of Indian urban population is likely to grow from 35% to 45% over the next 15 years, while
A whopping 52 crore Indians are below 25 years of age and are offered jobs and starting salaries as never before. Indian salaries during the last 5 years have grown at the rate of 15% per annum – by far the highest in the world. In the year 1009, it is expected to rise by a whopping 16% despite the slowdown in the global economy.
Home buying is a wealth-creating instrument, helping the middle class salaried individual to save taxes, while their investments witness a steady rate of appreciation. Over 80% of the apartments booked today are done so by actual buyers, with the help of home loans. And 65% of them fall in the age group of 25-30 years.
Courtesy HT-dtd -17-01-09:
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