Is it true that the prices of lands in India rise really fast?

Question

I was thinking of investing in India and I have been told that if i buy a land, there is a high possibility that the price of it will double in a year time. Is this true? What's the best city to invest in India? Is there any restrictions for foreigners investing in India? (Im british). When buying and selling something in India, do you deal only with rupees or you deal with other currencies as well (dollars and pounds)? I'm looking to spend between 50 thousand dollars to half a million dollars, any advice would be appreciated. Thanks.

Answer 1

Yes the real estate prices had been escalating for a long time but for now the real estate market is down. There is a good chance of the property price to double but then that again depends on where you would like to invest. Foreigners are not allowed to buy agricultural land in India.

Answer 2

it's true.still u have to careful as for the timebeing the bulk of the deals r done by the mediators or binamies,and if  u r note that caring u may end up the wrong end of it.

Answer 3

Yes it's true for some of the places in India. For example, developing areas (and there a lot of developing areas in India!) Another example is IT hubs like Pune & metro cities like Mumbai. If a big organisation establishes its office in an area, the prices of lands in surrounding areas bubble up like anything. If a major road gets constructed making it's reachability easier, then also you are ought to see the same effect.