Artha Property Now Goes International
Buying real estate is about more than just finding a place to call home. Investing in real estate has become increasingly popular over the last fifty years and has become a common investment vehicle. Although the real estate market has plenty of opportunities for making big gains, buying and owning real estate is a lot more complicated than investing in stocks and fixed deposits.
- (1888PressRelease) March 08, 2011 - Artha Property, India's leading real estate services player has recently forayed into premium overseas properties. The International Property Group of Artha has select, handpicked projects across exotic beach and mountainous locations like Bali, France and Spain.
One such project recently launched is an eco-project, Grand Angle, situated 15 minutes from Geneva in the scenic town of Viry. Located amidst the lush French Alps, the project offers 1-3 bedrooms with terraces and roof gardens. Viry eco-district is the first of this kind in Haute-Savoie and aims at the protection of nature in urban environment.
Each apartment comprises fitted and equipped bathroom, 3-point lock on entrance doors, double glazed windows equipped with roller shutters, central heating fuelled with wood. The residence is also secured thanks to videophones. The building responds to the label BBC (Batiment Basse Consommation=Low Consumption Building) which guarantees the respect of energy-efficient standards, in helping saving energy.
The apartments are sized from 47 - 82 sqmt and are priced between Euros 210,000 - 320,000. These apartments are leaseback and enjoy rental yields of 4 -4.5% on a conservative basis. The property is professionally managed and maintained and rented to tourists and vacationers with a rental return proposition for the owners. Indian residents can own these apartments and even avail of mortgage options upto 75% at attractive rates of interest of 3-3.5% p.a.
As per Reserve Bank of India, Indians can invest overseas for amounts upto USD 2,00,000 p.a. per head. Not only do these apartments offer attractive rental yields, but also offer good capital appreciation and hence make for a great investment product. Ofcourse, it is also complements the jet setting lifestyle of a discerning few who would like to go skiing in the French Alps and return to an apartment of their own!
For more information logon to www.arthaproperty.com/international
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