Tabled in Parliament by the finance minister and authored by a team led by chief economic advisor, the annual report card on the state of the economy said the growth should now rise further and double digit expansion was a possibility.
A strong political mandate for reform combined with fall in oil prices and consequently low inflation should help bring down interest rates, control fiscal deficit, and put India on a double digit growth path in the medium term.
India estimates 8.1 to 8.5 % GDP growth in 2015- 2016 as reported by the Times of India.
“I find that investing in property is relatively less complicated” says the CEO of Montag estate U.K. “If you are careful about details, such as location, quality of construction and trust factor with your developer, a home can make for a sound investment,” he says.
“There has never been a better time to invest in real estate in India, as India’s macroeconomic fundamentals strengthen and the rupee slated to appreciate against the dollar in the coming months. This will make your investment more valuable and with time fetch higher returns” he adds.
With almost most of the homes sold out Montag has become a household name among the Indian community in the U.K. With many successful projects under its belt, Montag Infra has launched a mixed bungalow and apartment villa project in Karjat, Eastern Mumbai.
Eastern Mumbai District (EMD) area like Karjat, are expected to double by 2017, according to Brick Eagle, a financial services platform for affordable housing development in India.
“Property investment here remains a good, safe, low-risk investment with average rates of 3000 Rs per square foot and an upward trend incomparable to other areas in the real estate market,” it said.
The report said that with upcoming infrastructural improvements and developments like the construction of the 12 lane multimodal corridor, the ambitious Delhi Mumbai Industrial Corridor, the expansion of educational and IT infrastructure and the slated extension of rail connectivity, “the Eastern Mumbai District is well poised to become a self-sustaining metropolis.
About Montag Infra
Montag was founded as a family entity in 2001 with the core business of distribution and manufacturing of horological products in United Kingdom. Since then, Montag has rapidly grown and ventured into the real estate market. Constructed an delivered almost 200 properties in India and abroad , with customer base in 15 countries and service of almost a decade, Montag Infra aims to brings Indian property at your doorstep.
