A huge number of Indian companies and private individuals today engage in foreign investments as they expand their services and reach new financial heights. It is important for companies to grab every investment opportunity to help them secure their financial future. And while property investment within India is looking rosy-cheeked for the foreseeable future, many Indian companies today think outside of the box as they engage in investment to other countries. Let us look at who goes inside overseas property investment and the opportunities they provide to its investors.
When it comes to overseas property investment, one country that has been growing and popularity and has received their fair share of the spotlight over the years is India. It should be noted that India is a prosperous and wealthy country that is home to many of the richest people in the world. One good example of this is the Jindal family who is ranked among the world’s top 80 richest by Forbes. Jindal Steel & Power have bought two minor stakes, worth a total of $26 million, in Australian iron ore and coal mines. This was followed by Gautam Adani, a self-made Indian billionaire with his US$2 billion purchase of a coal mine in the state of Queensland. Another company by the name of Silverneedle Hospitality that is owned by an Indian philanthropist Nadathur S. Raghavan and co-founder of software company Infosys Technologies has also bought a hotel in Brisbane for $57 million.
You will indeed not be finding any shortage of foreign investors who are interested with overseas property investment opportunities in Sydney. As a matter of fact, India has become Australia’s biggest source of migrants, including a large number of IT entrepreneurs. One contributing factors is Australia embarking on an immigration campaign to attract long-term investment. A huge number of foreign investors have been into a lot of private investments in Australia because it is seen as a safe-haven. Even though Britain and North America were once traditionally favored by Indian nationals as offshore investment destinations, noticed a growing demand for Australian real estate has been noticed by private wealth bankers particularly hotels and serviced apartments.
The commercial property prices in Australia are considered to be very attractive which led to the growth of foreign investors who are interested by buying properties. In addition, the country also possesses a fairly strong economic performance compared with Western peers boasting a pristine triple A rating with a stable outlook. Furthermore, Australia has indeed an abundance of natural resources, white sand beaches as well as a kind climate which is many dub it as the lucky country.
Australia has also spent a good amount of their resources to further improve upon their facilities. Such schemes tend not only to bring much-coveted long-term investment, but also contribute greatly to economic growth and job creation. This is the reason why New infrastructure in cities, like the new busport, is attracting property investment in Perth which is very appealing to new migrants who cannot initially afford to buy and run a car. Even small business take-overs in Perth such as the Indian owned chartered accountant company taking over the 30-years-established RJ Webb and Associates is another example of Indian smarts gradually gaining power even in small industries.
It is good to hear that many consider overseas property opportunities is considered to be a worthwhile investment. A huge number of foreign investors today were able to find the property that was able to cater to their preference and needs that was not present in their country. Furthermore, looking for investment properties today is also made relatively easy with many developers and providers integrating their services over the internet.