It's all go in Rudrapur! The Special Economic Zone created there by the government, and the array of financial incentives it offers business has prompted massive expansions in large Indian corporations – the news is filled with Rudrapur!
One notable expansion plan is by Archidply, who have announced their plans to funnel 830 million Indian rupees into expansion in this fiscal year. Part of the expansion, which will be partly funded by bank loans, and partly by an initial public offering, is to open up their production of medium density fibre board (MDF) at their Rudrapur factory. The company's main revenues currently come from the manufacture of plywood but they manufacture all kinds of wood board products including particle board and veneers.
Archidply also announced its intention to broaden its focus to include tier II and tier III cities to increase their revenues. This, a plan to capitalise on the growing Indian middle class, and the growing home ownership aspirations thereof -- the latter caused by increasing disposable income, ease of obtaining finance and spurting house prices.
Not a unique plan, many companies are expanding their plywood and MDF operations in preparation for what will become a huge upsurge in the availability and purchase of affordable housing by the growing Indian middle class. But it is good news for Rudrapur, and as a result good news for David Stanley Redfern and their clients.
Archidply's Rudrapur MDF operation is expected to begin production in August 2009, which will bring in thousands of workers looking for quality rented accommodation.
At which point they will find that this is in dire shortage, having already been taken by the thousands of workers coming into Rudrapur as other factories have begun operations. They won't have to settle for what they can get for long however...
The Orchard View development will be completed in the 1st quarter of 2010, and will be exactly the kind of quality, affordable rented accommodation they will be looking for – great news for people who invest in Orchard View now. Even better news, is the likelihood that some of the managerial staff, who will probably be commuting from their homes near other Archidply factories, could become buyers of Orchard View apartments on the resale market -- giving investors the chance to make the immediate gains offered by off-plan property like Orchard View a reality.
Of course by that time, some of the other 400+ factories will (based on growth forecasts for Indian manufacturing industry) be launching their own expansion plans, not to mention the other corporations coming in to capitalise on Rudrapur's massive financial incentives. All-in-all owners of Rudrapur property will be in an incredibly fortunate position indeed. And with affordable luxury 2 bedroom apartments within professionally manicured grounds available from just £43,000 with a 2 year 5% p.a. net rental guarantee, why not be one of them?
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About DSR Asset Management Ltd
DSR is an overseas property investment specialist, working directly with developers in more than forty countries. All properties are exclusive to DSR , giving an unparalleled selection of resale and new builds.
Please direct all media queries, requests for press information and editorial details, to media@davidstanleyredfern.com
David Redfern is the director of DSR Asset Management Ltd an overseas property investment specialist. David works closely with developers in more than forty countries and oversees the DSR education programme which lectures individuals and organisations on property investment. Advertise Your Private Overseas Property
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