India is well-positioned to become one of the world's most powerful economies.

India, located in South Asia, is the world’s second-most populous country and well-positioned to become one of its most powerful economies. Nestled between Pakistan to its west, China to its north, and Bangladesh to its east, India has fascinated foreigners for centuries and continues to grow at a greatly accelerated pace. RBI’s All-India Housing Price Index grew by 5.7% in 2Q of fiscal year 2018-2019 year-over-year.


Economy India’s economy is a powerful force to be reckoned with. India’s GDP growth in FY 18-19 remains strong at 6.8% despite falling from 7.2% growth levels last year. Goldman Sachs expects this growth to return to 7.2% levels in FY 19-20 on the basis of India’s increasing political stability and infrastructural development, aided by weakening global oil prices. Additionally, India’s inflation rate has softened considerably at 4.6% in 2018 compared with 10.9% in 2013. This has allowed the RBI to pursue a looser monetary policy and cut rates by 25bps in June of 2019, which is an important tailwind for real estate prices and overall economic growth.
Legal Currently, the Indian legal system does not allow foreign nationals residing outside of India to buy Indian real estate, although foreign nationals who are residents in India can purchase property without any further approvals. Even if land is acquired, however, repatriation of capital gains can be challenging. For this reason, individual investors will struggle to take advantage of the Indian real estate market.
Regions India is divided into 29 states, 6 union territories, and the National Capital Territory of Delhi. Each state is subdivided further into separate districts. The world’s 10 fastest growing cities, all showing annual growth of at least 8%, are located in India with Surat, Agra, Bengaluru, and Hyderabad leading the race. Surat’s estimated growth tops 9%.