Bollywood fame adds to the prices of the land

Actors, actresses and even the whole film industry have a major impact on the lifestyle of the Indians and the people across the globe. Whatever our actors do becomes the style statement of the common man. Every time, we are in search of things which have the impression of celebrities on them and which are endorsed by them, because in one way or the other, it adds credibility to the product with their presence. By using such properties, we tend to add on to our status in the society. Because for sure, the property or the material, which has been used or promoted by the celebrities, has an additional value to it, which if purchased by the common man, correspondingly adds to the status of the person in the society.

Same ways, these days, the prices of the real estate properties are rising with our Bollywood people visiting or shooting in different parts of the country. Like, what happened recently, a small village in Peepli, and the after effects are such that every single man is planning to buy land in that village. The place has gained popularity in a very short span and in the last one month, the demand of farmlands in the area has increased rapidly. This is only because of the movie, ‘Peepli Live’, Amir Khan’s production, whose name is on village. Peepli, scene is a very recent example, but there are many other places, which became popular with the visit of the celebrity at that place.

The real estate sectors, surely gains glamour, with the addition of a celebrity name to its property. Whether it’s our favourite M S Dhoni’s name attached with the Amarpali group, or some other celebrity endorsing a real estate property, reference of an actor name with the property makes it more valuable and increases its demanded manifold.

Investment in Indian Property Lucrative

India is a rapidly progressing country that recovered much more quickly from the economic slowdown as compared to other established economies of the world. It has emerged as a robust economy and this is why investments in Indian real estate continue to attract NRIs and investors from overseas.

Investments in Indian market are so lucrative because they not only yield higher returns but also give a sense of security. The private sector that boasts of a dynamic and competitive nature has been a key driver for the economic growth of the country. It presents considerable scope for both foreign and NRI investments in the real estate market.

The Foreign Exchange Management Act, 1999 (FEMA) defines NRI as an 'Indian citizen' or a 'Person of Indian Origin' (PIO). It broadly regulates matters related to NRI investments in India- investment in immovable property, foreign exchange, bank deposits, government bonds, investment in shares, units, securities and foreign direct investment.

As far as investments from foreign investors are regarded, they too are found looking for property in India. The only country likely to see stronger growth in the next five years is China much easier for foreigners to purchase property in India than in China. Sources suggest gross domestic product grew by 5% in India last year with higher expectations for the coming year expected.

Foreigners have found that India offers them good value for money with reports suggesting strong price growth in the next few years with an increasing demand for property to buy or rent. The country’s currency is the rupee whose value is generally stable and is linked to a basket of currencies. They believe it is a good idea to maintain a stock of smaller currency and are looking forward to explore property market of India.