Despite worldwide spiral inflationary trends and economic turmoil in the USA, emerging Real Estate Markets are experiencing growth like never before. On 2ND December 2008,Investors, Developers & Planners are invited to discuss the opportunities in emerging markets. Leading Experts in Real Estate Investments will speak at the “ Real Estate in Emerging Markets Forum”, on that day at the Harmonie Club in New York City. Real Estate Investment Experts predicts the following: - - Emerging Economies account for 30% of World GDP & by 2015 they will account for 50%.
- Emerging Markets had a Current Account Surplus of more than US$600 Billion & total Foreign Exchange Reserves exceeding US$ 2.7 Trillion
- Young Professional Workforce, Rising Income & an expanding Middle Class is driving urbanization beyond the Traditional Metro Cities.
- China leads the way experiencing nearly 10% growth, India follows closely with about 8%, Russia about 7% and Brazil at 4%.
- It is anticipated that over the next decade, US$ 22Trillion will be spent on Infrastructure in the emerging markets, as accelerating urbanization creates demand for power, electricity, water & transport networks.
Contributed By:
Prof. Jayanta Mitra
(Globsyn Business School)
1 comment:
With the property market tumbling in big cities like Bangalore, realtors are now shifting their focus to tier III towns. A total of 47,000 properties were registered in Shimoga during 2007-08 as against 33,000 in 2006-07. In Davangere, the corresponding numbers were 54,000 and 37,000, similarly with Gulbarga, Hassan, Tumkur, Bagalkot, Mandya and other tier-III towns. This is when property transactions have ebbed in Bangalore and Mysore. The tier-III towns have never had it this good with the market prices of land having increased by two to three times. Two years ago, one square feet of land in Vinobanagar in Shimoga used to cost Rs 250 to Rs 300. Now it is around Rs 1,000. In Bellary, a square feet of land in a decent locality now costs Rs 1,200 up from Rs 300 to Rs 400 two years ago, officials said. With such a hike in the prices, boom is likely to shift from cities to these towns.For more view- realtydigest.blogspot.com
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