TOP Investment
With the domestic property market currently off the boil, savvy investors are looking further afield for bargains. And where better than India, where, for little more than the price of a takeaway, you can have a house special.
Yes indeed, €32,000 is all it takes to get on the property ladder here with Kuvera. Headed by Irish businessman Kieran Murphy, this company is already something of a force to be reckoned with, having sold out its first 284-unit development in Rudrapur in record time.
The development now up for grabs, Orchard View, comprises 276 spacious apartments with balconies. Facilities include gym, games room, creche, extensive parking and lush landscaping throughout. There is a rental guarantee of 5pc net per annum and a 5pc discount for full payment upfront. Speaking in advance of the launch, Kuvera MD Kieran Murphy says: "This resilience of the Indian economy is clearly reflected in the fact that average economic growth rates have moved up (peaking at 9.4pc in the financial year ending March 2008). India has emerged as one of the fastest growing economies in the world and can be expected to perform extremely well over the next decade."
Certainly if it performs even half as well as it did over the last decade it'll be doing the biz. Because India is on a roll, pulling in the cream of the international IT, telecommunications, aviation, retail and financial markets, and pushing property prices up by an incredible 70pc in the past two years alone. Indian takeaway? Giveaway, more like.
Kuerva India are launching Orchard View in Dublin next Saturday, May 10 at the Clarion Hotel IFSC at 10am. Launches will also be taking place in Cork on Monday, May 12 at the Clarion Hotel at 7pm, Galway on Tuesday, May 13 at the Marriott Hotel at 7pm, and Kilkenny on Thursday May 22 at 7pm. Contact Kuvera India on 01 491 1220 or visit their website www.kuvera-india.com
- Margaret Carragher
