Indian Economic Overview

India is set to be Asia's biggest turnaround story and the country's GDP (Gross Domestic Product) Growth is expected to rise to over 6% in Financial Year 2015 and over 7% in Financial Year 2016. According to Research Reports, 2014 would mark an inflection point and 2016 will be a watershed year as Indian Economy will start outpacing China. The Real GDP Growth to rise from an average of 4.7% in 2013-14 to 6.3% in 2015, 7.1% in 2016 and 7.7% in 2017.

The last three years have been challenging for the Indian Economy, with Real GDP Growth sliding from an average of 8.4% over the period 2003-2010 to 5.3% during 2011-2013.

The Reserve Bank of India's inflation fight is likely to go hand in hand with proactive, business oriented new Indian Government's strong mandate to cut red tape and jump start reforms.

It is not an exaggeration to expect India to stand out as the biggest emerging market turnaround story in the next five years. Reforms are expected to revitalize Real Investment Growth to 10% per annum, lifting potential Output Growth to around 7% in the next five years and if reforms are fast tracked, Real Investment could hit 15% per annum, raising potential growth to above 8%. Moreover, the Indian Economy is starting to turn around as inflation is abating, the Current Account Deficit is narrowing, Forex Reserves are accumulating and Growth is just starting to rise.

Property Price Trends

The property price in Kerala is in general has appreciated at an average rate of around 12% per annum over the last 25 years.

The property price of Kochi has appreciated at an average rate of around 15% per annum over the last 25 years.

The average property price of Kochi has increased by around 11% per annum during the period 2013-2014 breaking the stagnancy and the negative growth of the prices of the last five years.

The rental return of Kochi for residential properties ranges between 2% to 3%.

The average residential rent of Kochi is around Rs.10/-per Sq. Ft. per month.

The average commercial rent of Kochi is around Rs.50/- per Sq. Ft. per month.

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