Since Rudrapur was made a Special Economic Zone by the Indian government, the tax incentives have attracted some 458 companies to build factories in a massive industrial estate on the outskirts of Rudrapur. Mountain View sold out in record time as people realised the shortage of affordable housing all the new factories were going to create, the fact that it was right by the new bypass making the factories a five minute drive away also helped.
The new development, Orchard View is also on the bypass, and also a five minute drive from the factories. The apartments are finished to a high standard, with luxurious interiors including marble floors, with the hope of attracting the factory managers. But one of the biggest selling points of both developments has to be the price.
1 and 2 bedroom apartments are available in the Orchard View development, with prices starting from just £25,000. Like Mountain View the grounds were designed by a leading Indian architect, and the complex and grounds are maintained and serviced by a team of professional gardeners and handymen.
Owing to the low prices, and the aforementioned massive short-fall of affordable housing for all the factory workers and managers, buyers of Orchard View apartments can easily expect rental yields of around 6-10%, and capital appreciation certainly not less than 15% per year, and potentially anywhere up to 30%.
Find out more about Rudrapur and India property at www.davidstanleyredfern.com/
