Holiday Rentals News - 'Stick to the cities when investing in India'

'Stick to the cities when investing in India'

Those considering investing in Indian property should stick to the big cities, one expert has advised.

According to Hetal Shah, director of Investors Provident, the sheer size of India means that people must be "quite picky" about where they buy.

While some of the satellite towns that are beginning to emerge might offer decent returns, investors are better off buying in bigger cities, Mr Shah explained.

He said: "You'll never lose out around the major cities, especially when you have a booming economy and a growing middle class."

Purchasing a property in Mumbai, Delhi or Bangalore should allow people to make a profit on their investments, he added.

However, villages and farmland should be avoided as they lack infrastructure development, he warned.

Meanwhile, the Economist reports that emerging markets such as India are set to become the driving force behind the global tourism industry.

According to the publication such areas will create a new source of travellers, as well as offering people from the west more choice in terms of destinations.

This article was brought to you by holidaylettings.co.uk, the UK's No.1 holiday home website.
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