Investment Property Uttaranchal Rudrapur

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About Uttaranchal

Uttaranchal became the 27th state of the Republic of India in the year 2000 a having previously comprised part of Uttar Pradesh. Uttaranchal borders Tibet in the north-east and Nepal to the south-east, while its neighbour states are Himachal Pradesh and Uttar Pradesh.

Rudrapur is an Investment Property Hot spot

India Inc. has invested $2 billion in Rudrapur, making it the next big address for industry. What Bangalore is to software, Rudrapur is fast becoming to manufacturing. Rudrapur is situated 250km North East of Delhi in Northern India and is serviced by excellent transport links including rail, air (airport is 11km away) and national roads. This all began when the government decided to attract manufacturers to the area by putting together a special package of fiscal incentives to encourage economic development.

 

Featured Indian Investment Property

Off Plan Investment Property in Rudrapur from less than £24,000

Location: Rudrapur; Uttaranchal, India

Stunning two bedroom, two bathroom apartments in one of India's HOTTEST regions. This is low priced investment property built by a reputable developer that stands to be a sound investment opportunity.

Rudrapur - Special Economic Zone

The biggest and most prestigious of these special economic zones is based in an area 1km outside the city of Rudrapur. This huge 3,339 acre site was marketed to top Indian and international companies. 465 large companies have been allocated plots to date. Construction of 376 factories is in progress, with another 57 units having already begun production of goods.

50,000 people will be employed directly in the industrial estate when it is fully operational by Dec 2008.

Indian Investment Property Highlights

• Phase 1 SOLD OUT in 5 hours
• Stunning Investment Opportunity
• Stunning Build Quality
• Optional 3 Year Rental Guarantee @ 5%

• Two Double Bedrooms

• En-Suite to both Bedrooms
• Lounge / Dining Room
• Kitchen
• Two Balconies
• 24 Hour Security and On-Site Maintenance
• Total Living Space: 1060 sq ft
• Marble Flooring throughout

Payment Schedule

• Parking space is an additional: €1,000 or for a limited time FREE when full payment is made up front
• Reservation fee: €1,000 (visa, laser or cheque)
• Exchange of contracts: 50% minus reservation fee
• Jan ‘08: 20%
• May ’08: 20%
• Completion: 10%

Stamp Duty plus additional taxes; allow 10%

Legal Fees: €375 (incl. VAT) TBC

Formation of a company fee: €375 (incl. VAT) **Annual Returns €400 (incl. VAT)

Completion Date: 31st December 2008

Prices from £28,950 to £30,600      Make an Enquiry

 

Why Invest in Rudrapur

The Indian government decided to attract manufacturers to the area by putting together a special package of fiscal incentives to encourage economic development.

Special economic zones (SEZ) were set up by the state organization SIDCUL (State Infrastructure and Industrial Development Corporation of Uttaranchal). Units located in these special economic zones were offered:

1. 100% excise exemption for 10 years.
2. 100% income tax exemption for the first five years and 30% over the following five years.
3. Central sales tax of 1% for five years, and a capital investment subsidy of 15% with a cap of US $73,000.

More selling points:

Availability of skilled and semi skilled workers.

Excellent transport links (well connected by rail, air and road).

Hydroelectric power in this area is the cheapest in India and is very reliable. This is very important for attracting large manufacturing companies to the area. Furthermore only 9% of this hydroelectric power is currently being utilized.

Companies can expect to save 25% in manufacturing costs by operating in these special economic zones.

Hotels and Restaurants Rudrapur

Follow the Big Investors

Lading companies that have bought plots include:

Tata: One of India’s largest companies, with 96 divisions and employing over 246,000 people

Nestle: The world’s largest food and beverage company – 24 acres.

Bajaj: One of India’s leading motorbike companies – 60 acres

Jagson Pal: Among India’s premiere pharmaceutical companies – 11 acres

HCL: Leading global Technology and IT enterprises with annual revenues of US$ 4 billion – 9 acres

Knight Frank has ranked India fifth in the list of 30 emerging retail markets and has predicted 20 per cent growth in this segment by 2010.

Research Indian property Investment

 

Indian real estate: boom or bubble? When Farallon Capital Management, a US hedge fund, and its joint-venture partner, Indiabulls, snapped up an 11-acre property in central Mumbai in March 2005.

Knight Frank Research Reports India