Manoj Ladwa speaks to Vikram Goyal on Indian realty…
1. How important is the timing of the India URealty Show taking place in London?
The Indian real estate market is showing many signs of maturity now after long period of uncertainty. Also the interest from the non-resident Indian (NRI) community is much higher than ever before due to a favourable exchange rate. In terms of timing, as NRIs usually travel to India during Diwali and Christmas it is the perfect time to catch their attention.
2. Is the Indian property market getting easier to navigate?
Indian real estate is changing and yes, there have been measures that have been taken to reduce the black box syndrome associated with it. Governments at both state and central level are taking measure to make processes simple and transparent. However, one still needs a lot of hand holding.
3. What are some of the top tips for global Indians eyeing property investments in India?
The best way to invest in real estate is to define one’s objectives clearly. The parameters of investments for owner occupation are different from return driven investments. If the investment objectives are clear, then it’s an easier choice to make.
However, where global Indians are concerned, I would suggest they should look at India as an opportunity and make the most of it. The real estate returns in India will only continue to grow and they should try to unlock the potential by disconnecting investment values from emotional quotient.
4. What are some of the current hotspots in terms of value for money?
Tier I cities such as Mumbai and Delhi will always yield good returns. However, they may also be a bit too expensive.
Satellites towns such as Thane, Navi Mumbai, Gurgaon and Greater Noida are growing and providing great returns. With Tier II cities, Pune and Ahmedabad are fairly hot at the moment.
5. What are some of the major hurdles that still need ironing out?
The India real estate is a gold mine waiting to be explored. Yes, there are rough edges such as availability of data and information, processes etc which the industry is still catching up with but that is exactly where we (Unesta) come into the picture.
Our expert analysis and due diligence ensures that all our investments have the potential to multiply our investors’ money.
Vikram Goyal is the founder and managing director of Unesta, a UK-based India investments consultancy firm which is behind the first India URealty Show – a platform to showcase Indian properties to prospective buyers in London. www.indiaurealtyshow.com
