{"id":38881,"date":"2016-12-22T18:13:29","date_gmt":"2016-12-22T11:13:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-you-might-invest-in-india-over-china-in-2017\/"},"modified":"2016-12-22T18:50:13","modified_gmt":"2016-12-22T11:50:13","slug":"why-you-might-invest-in-india-over-china-in-2017","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/why-you-might-invest-in-india-over-china-in-2017\/","title":{"rendered":"Why you might invest in India over China in 2017"},"content":{"rendered":"


\nEven Chinese developers are investing
\nChatrapati Shivaji Terminus, a UNESCO World Heritage site in Mumbai. KishoreJ\/Shutterstock
\nChina and India, the largest nations on earth, have as much commonalities as they have glaring differences. Sometimes, they erupt into geopolitical tension. This year, both countries have accrued wins in the property game, and they\u2019re likely to continue well into the new year.
\nHowever, even Chinese developers are acknowledging the breadth of untapped investment potential in the subcontinent. Dalian Wanda has vowed to funnel USD10 billion into India, while Fosun International is reportedly preparing to invest USD1 billion via an investment platform, Forbes noted.
\nHere are 5 reasons why India might be counting down to a gainful year:
\nBetter investment prospects
\nIt won\u2019t be Beijing, Shanghai, or Shenzhen that will catch the eye of most investors next year, according to the latest Investment Prospects index in Urban Land Institute and PricewaterhouseCoopers\u2019 Emerging Trends in Real Estate Asia Pacific report. It will be Bangalore and Mumbai; the two urban powerhouses toppled Tokyo and Sydney off the index\u2019s perch this year. The Indian megalopolises have never been bigger hubs for outsourced IT services, as evidenced in the growth spurt of business parks this year.
\nDemonetisation effect
\nPrime Minister Narendra Modi\u2019s surprise campaign to put certain denominations of Indian banknotes out of circulation is expected to strand economic growth for at least two quarters, according to Japanese brokerage Nomura. However, it would be worth it in the end. The primary market, usually populated by reputable developers and buyers who undergo legal channels to finance their home purchases, will be a huge beneficiary.
\n\u201cOver the long term, the Indian real estate sector will emerge stronger, healthier and capable of long periods of sustained growth,\u201d said Ashwinder Raj Singh, CEO for residential services at Jones Lang LaSalle India. \u201cAs of now, there is no reason for developers and investors who have conducted their dealings transparently and legally to panic. It will essentially be business as usual for them.\u201d
\nMore: Luxe Chennai homes in deep discounts after Indian demonetisation
\nFaster GDP growth
\nChina\u2019s economy is leaping and bounding astronomically, but it\u2019s still relatively two steps behind India. While the Middle Kingdom registered a GDP growth of 6.7 percent, India is projected to end this year at 7.2 percent, according to Thomson Reuters. Early estimates peg India\u2019s economic growth prospects next year to be at 7 percent, while China will lag behind at 6.3 percent, Forbes reported.
\nLower interest rates
\nThe Reserve Bank of India (RBI) has repeatedly sheared interest rates over the past two years. The benchmark repo rate alone was cut to its lowest level in six years in October. Such moves have made for a better cash flow into home purchases as well as a better borrowing environment for first-time mortgage applicants. Meanwhile, China, bent on stemming the tide of housing inflation, introduced property curbs in several mainland cities this year, many times at short notice.
\nRising middle class
\nDomestic consumption is at an all-time high in India with the explosive growth of its middle class. There are now 600 million people in the Indian middle market, defined as citizens spending anywhere between USD2 and USD10 per capita every day, according to a recent study. Furthermore, the \u201caffluent consumer\u201d segment, which resembles the global middle-class consumer, will account for 40 percent of all Indian consumption by 2025, compared with 26 percent in 2015.
\nRead next: India\u2019s Smart Cities Mission wants to transform urban areas into high-tech hubs
\n
\nSource : property-report.com
\nRead more…Why you might invest in India over China in 2017<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Even Chinese developers are investing Chatrapati Shivaji Terminus, a UNESCO World Heritage site in Mumbai....<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-38881","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-a77","jetpack-related-posts":[{"id":38887,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/chinese-mega-developers-to-plough-billions-into-indian-real-estate\/","url_meta":{"origin":38881,"position":0},"title":"Chinese mega developers to plough billions into Indian real estate","date":"December 22, 2016","format":false,"excerpt":"\r Why the market will lure investors worldwide in 2017 Chatrapati Shivaji Terminus, a UNESCO World Heritage site in Mumbai. KishoreJ\/Shutterstock China and India, the largest nations on earth, have accrued wins in the property game this year. However, it\u2019s likely that India will be having a more bullish 2017,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":18952,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/asian-developers-are-investing-billions-in-india\/","url_meta":{"origin":38881,"position":1},"title":"Asian developers are investing billions in India","date":"July 7, 2016","format":false,"excerpt":"\r Japan and China find common ground in the subcontinent India, a country known for it\u2019s rich and diverse history, is now a magnet for bilion dollar investments. 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