Driven by Foreigners, India Property Remains Profitable

Believe it or not the Indian property market is more dependent on foreign nationals and Non-Resident-Indians than the natives of the country. This has emerged in recent years; it used to be that natives would be the primary buyers of property in India.

It all started when India began to see exponential economic growth, on the back of massively rising exports, which then evolved into a massive services sector as India became one of the outsourcing hubs of the world.

The results have been evident since then. Wherever you look around these days, you find huge construction taking place; be it office blocks for relocating companies, or housing blocks for their workers.

Things could have been even better for the Indian property market had the global crisis not struck the world. The past month or so has seen the United States Dollar soar against its Indian counterpart, it even hit an all-time high; but this has not translated into rising investment as it would have before the global downturn.

Going by the trend that has been followed over the years; the Indian property market is a safe place to invest. And even as most of the world falls into recession, India's economy continues to grow, and with it the need for affordable housing, and prices on suitably affordable developments -- thus India is still a place where property investors know they can make a profit.