So much so that recent research revealed India is now one of the top three property investment destinations in the world.
As an increasing number of businesses are outsourcing their IT functions to India, property particularly in commercial hubs such as Mumbai, is in high demand but it comes at a cost. Renting office space in Mumbai is even more expensive than in Manhattan.
It seems then that there is good business sense to invest in emerging markets rather than expensive, established areas such as Mumbai.
Rudrapur is one such place that is taking off in terms of investment in business. The government has made the area a tax free zone and there are over 450 global corporations planning to set up businesses there in 2008. Mountain View in Rudrapur offers luxury housing for workers and an affordable investment for you.
Liam Bailey, Head of International Research for David Stanley Redfern Ltd, explained the benefits of the area: “We are seeing businesses flocking to the area since the government designated it as a Special Economic Zone (SEZ). This means businesses pay no income tax for the first five years and receive a 30% discount over the following five years."
"It’s not just the tax breaks that are attracting companies to the area," continued Bailey. "Unlike many other parts of India, Rudrapur has a solid infrastructure and great transport links. Electricity rates are the lowest in the country and there is no shortage of water. All this adds up to a great demand for people to live and work there."
The tax-haven is a no-brainer for companies after cheap rents and it’s a great opportunity for those wanting to invest in property. There will be 300,000 employees taking up posts in Rudrapur in 2008 and they will all be looking for property in the area.
Mountain View offers residents both beauty and convenience. Set against the picturesque backdrop of the Himalayas the complex is just five minutes by car from the SEZ. It is a serviced complex set within immaculate grounds. The spacious, balconied, two bedroom apartments are finished to a high standard and will appeal to the thousands of management level employees working in the SEZ.
The two en-suite bedroom apartments come with a five percent rental income guaranteed for the first two years.
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