Property Investment in India

SteadyEddie · 16-04-2007 9:33am #1

I have been toying with the idea of investing in an emerging market, and for a variety of reasons i have decided to avoid Poland, Cape Verde, Bulgaria etc etc. A country that I have liked the look of for some time has been India - 2nd largest growing economy, and year on year growth in all sectors in society. I read an article in the Sunday Independent on a particular Indian property investment, by a company who I am not particulary familar with called Larionovo. Has anybody had any experience with them? I would also be interested in your opinions on the article - I do not think it is a very balanced article but I still feel there are several interesting facts backing up the writer.

http://www.unison.ie/irish_independent/stories.php3?ca=303&si=1812640&issue_id=15510

A Random Walk · 16-04-2007 10:30am

Can't speak for Larionovo.

Indian economy is...meh. It's not a China in terms of entrepreneurial spirit and progress. It has a huge population and is democratic, but has inherited an incredibly stifling bureacracy from the British. Some regional governments are run by Communist parties, and the country itself does not have a great attitude towards business success. Infrastructure is poor and not improving fast enough to sustain their current growth rates.

Obviously some companies are doing very well, but don't be taken in by the hype - overall the economy is not in great shape. I couldn't tell you if property is under or over priced there however.

Chinese property might have been a better emerging market property play 10 years ago, but from what I've read property there is now in bubble territory and the government has imposed significant restrictions and penalties on foreign property investors.

dunkamania · 16-04-2007 3:55pm

Business is done differently in India.
Regulation doesnt protect investors,caveat empor.

I would invest the money with a hedge fund that follows that startegy you are interested in as long as management have the expierience to avoid the pitfalls.

drdre · 25-04-2007 10:39pm

Dont invest in india, theres no saftey for the properties and you will be scammed.There loads of gangs that will just change the paper work to there name and you cant do anything.You will lose your money.The property market isnt stable there its hyped up by the estate agents.

Time Magazine · 25-04-2007 11:17pm

drdre wrote:

Dont invest in india, theres no saftey for the properties and you will be scammed.There loads of gangs that will just change the paper work to there name and you cant do anything.You will lose your money.The property market isnt stable there its hyped up by the estate agents.

Have you anything to back this up?

drdre · 25-04-2007 11:29pm

Ibid wrote:

Have you anything to back this up?

Yes i have been pakistan many times, parents are from there and i know whats happening there

Its your own decision but i wouldnt chance it abit.india and pakistan are really unstable in the property market.I know from last year as the houses did increase in price but in 1 week they fell again :eek:. You might not believe me but its true.

mountainyman · 10-05-2007 9:33pm

drdre wrote:

Yes i have been pakistan many times, parents are from there and i know whats happening there

Its your own decision but i wouldnt chance it abit.india and pakistan are really unstable in the property market.I know from last year as the houses did increase in price but in 1 week they fell again :eek:. You might not believe me but its true.

India isn't Pakistan. It is less corrupt, less violent and it has a working legal system.
On the other hand foreigners cannot own property in India. So the whole thing is Bee Ess.

MM

drdre · 10-05-2007 9:35pm

mountainyman wrote:

India isn't Pakistan. It is less corrupt, less violent and it has a working legal system.
On the other hand foreigners cannot own property in India. So the whole thing is Bee Ess.

MM

Who said foreigners cant own property in india.I know people from india who have made comments the same as me.So i think i know what im talking about.

And who says its not as violent?

SteadyEddie · 11-05-2007 1:24pm

There are legal rules regarding foreigners owning property. Although a simple way around this problem is the creation of a holding company in India - and you are the owner.

lalique · 28-10-2008 11:41am

Did anyone buy here

flatpack · 28-10-2008 6:24pm

its really depend where u r buying as most of property is own buy people without any mortgage, and if price is not going up its not going down either there this summer i went there for short time and property market was very quite but not as worst as irish.

drdre wrote: »

Yes i have been pakistan many times, parents are from there and i know whats happening there

Its your own decision but i wouldnt chance it abit.india and pakistan are really unstable in the property market.I know from last year as the houses did increase in price but in 1 week they fell again :eek:. You might not believe me but its true.

DJDC · 29-10-2008 11:43am

India isn't Pakistan. It is less corrupt, less violent and it has a working legal system.
On the other hand foreigners cannot own property in India. So the whole thing is Bee Ess.

MM

Have you ever been to India? No..didnt think so. I find it hilarious when Irish people think India is in the same category as China in terms of economic development after reading some economist/FT report. They think India is far more developed than neighbouring countries like Pakistan, Nepal, Bangladesh etc. This image has been carefully propagated by the state government. Its completely false so Ill try get some real facts out.

There's crippling poverty in most rural areas, police corruption is indemic and transport networks are devasted by lack of investment and bad weather. The legal system?...Over 100 laywers have been killed/kidnapped in the last few years in shady circumstances. If you are poor you have 0 chance of getting a fair trial. More people live below $1 a day than any other country and the so called "trickle down effect" has had little impact on their daily lives. This has lead to rising movement against the government such as the Naxhillite movement......just look at Nepal.