Larionovo, Ireland’s leading overseas property investment specialists have  confirmed that they have sold 280 units since going to the market on Monday last, (14^th April 2007) with its Indian portfolio of property developments with prices starting from €24,500.  These properties come with a 7% five-year rental guarantee.

Commenting on this, Andrew Brett of Larionovo said “We received a staggering response to these properties and plan to research other locations across India in order to satisfy the needs of our client base. All indicators suggest India is the place to buy with all commentators highly recommending the area for investment. One only has to look at its truly tiger economy to understand its true appeal.”

The Chief Economist of India’s International bank, Bank of Baroda, has said that property prices in most parts of India have appreciated by as much as 60% to 100% over the last 12 months. Merrill Lynch recently forecast that Indian real estate will multiply in value from $12 billion to $90 billion by 2015.  This equates to an average year on year appreciation of around 25%.

Larionovo’s Indian portfolio consisted of three top-quality, eco-friendly private community projects from leading Indian property developer Sigrun.  Green Valley and Hill View are both excellent residential investment products with a source of well-paid tenants on hand through nearby SEZ’s, (special economic zones). Green Valley studios are priced at €29,555 while Hill View studios are available for just €24,500. The third development, Cape Corinth, is a holiday resort on the hugely popular coastline of Goa. It presents investors with the alternatives of rental income or a truly exotic holiday home for just €36,195. All three developments come with the option of a guaranteed rental income contract worth 7% per annum for five years.

This rapid market growth is largely being fuelled by India’s booming economy and a rising demand for new residential property, set against an acute shortage of housing stock. In fact, with a rapidly growing middle class that’s set to overtake that of the USA by 2010, the Indian government is predicting a shortfall of some 20 million housing units, despite the current explosion in construction.

The staged payments mean that the capital outlay is minimal on these units. around €3,000 to €5,000 at each stage, yet at the rate the market is growing, the net return on your investment will be many, many times your total investment.