Owner: NRI Real Estate URL:http://nri-realestate.blogspot.com/ Join Date: Fri, 30 Mar 2007 05:41:50 -0500 Rating:0 Site Description: NRI Real Estate Investment, Taxation, Finance and other latest rules, Informations. Site statistics:Click here
NRIs May Face 3 Year Pre-IPO Realty Lock-In 2007-06-05 00:52:00 The government is planning to plug another potential source of foreign funds for the real estate sector. Non-resident Indians planning to invest in real estate projects ahead of initial public offers could face a three-year lock-in along with foreign institutional investors (FIIs).
The government is planning to introduce a lock-in for pre-IPO FII investors in realty companies in bid to prevent a
Read more:Realty
Govt Draws Plan To Encourage NRI Investments 2007-06-08 04:15:00 India has chalked out a plan which involves setting up of a diaspora knowledge network, an investment unit and a research foundation to encourage NRIs to invest and participate in the economic development of the country. Under the plan, the Government would set up an Indian Diaspora Knowledge Network to share knowledge of Indians living abroad for mutual benefit, an Overseas Indian Investment
Read more:Investments
Exclusive Industrial Parks For NRI Investors in Kerala 2007-06-14 01:11:00 The Kerala
government unveiled an action plan on 13 June to convert the state into a favoured investment destination by promoting public-private partnership in infrastructure development and offering to set up exclusive industrial parks for NRI investors.
While the policy speaks about setting up product-specific special economic zones, industries minister Elamaram Kareem told reporters that in a
Read more:Exclusive
, Industrial
, Parks
, Investors
First Click For NRI Investors 2007-06-12 00:58:00 When an NRI wants to invest in India, what is his first step? Look for opportunities in India through different government bodies promised as 'a one-stop shop'. As if all the existing bodies to attract investment were not enough, the ministry for overseas Indians launched a new one last week - the Overseas Indian Facilitation Centre (OIFC).
Exploring on the Net, the NRI will come up with many
Read more:Investors
, First
, Click
NRI Queries Related to Tax Rules 2007-06-20 04:14:00 Q:-I am an US citizen originally an Indian. I have all my investments abroad. I plan to spend a major part of my time (more than six months) in India with my children. In such a case, will my status change to that of a Resident? I will not be in India for business or employment but only for leisure. Also, I have no income arising from India. Even so, will I have to declare my
Read more:Queries
, Rules
South Indian Bank Targets More NRI Money 2007-06-19 05:59:00 The Thrissur-based South
Indian Bank is tapping other foreign exchange houses for boosting its foreign currency inflows.
About 30 per cent of its NRI customers are from West Asia, and the bank caters to them through the Haadi Express Exchange exclusively through its staff in Dubai and Sharjah.
“The bank is offering the fastest and the cheapest money transfer facility. Money
is transferred
Read more:South Indian
NRI Properties Targets By Land mafia in Delhi 2007-06-26 22:36:00 The “land mafia” in the national capital seems to be turning its attention to non resident Indians (NRIs) whose absence is usually long enough to grab their land and sell it illegally at whopping prices.Four cases of unauthorised occupation of land, known here as land grabbing, that the police are investigating show how rich NRIs, mostly settled in the US and Britain, are falling easy prey to
Read more:Properties
Land scam lands Indian American physician in jail 2007-05-09 04:09:00 Police in Florida have arrested an Indian American
doctor. Ketan Ashvin Patel, 37, is accused of a $100,000 land scam.
Patel, who was arrested on Tuesday, allegedly took money for a large land transaction in Washington few months ago and then diverted the money for his personal use.
The alleged victims of the doctor said they haven't recovered any of their money, media reported.
Source:
Read more:lands
NRIs Keen On Real Estate Investment 2007-07-03 03:59:00 Real estate investment tops the list of queries received by the Overseas Indian Facilitation Centre (OIFC) launched by the government.
"We are getting a lot of queries from overseas Indians about investing in property in India," Harish Kirpal of the Confederation of Indian Industry (CII), who is chief executive of OIFC, said.
OIFC, a one-stop shop to help overseas Indians invest in India,
Read more:Estate
, Real Estate
, Real Estate Investment
Unitech Targets NRI Buyers 2007-07-09 00:23:00 Indian real estate major Unitech
Ltd announced its latest multi-million dollar residential complex of luxury villas and penthouses coming up in Noida, targeting non resident Indian (NRI) buyers.
For this project Unitech has acquired 347 acres of land for about Rs 17 billion ($420 million) in May 2006. The cost of construction will be about Rs 60 billion, according to company officials.
"This
Read more:Buyers
Barclays launches NRI Banking Services 2007-07-25 04:47:00 Now NRI customers will be able to visit one of over 50 Barclays
branches in and around London and access, among other products, two types of Savings bank accounts: Non-Resident External (NRE) Savings Account, enabling customers to conveniently manage all their basic Rupee transactions in India using their overseas earnings in any foreign currency; Non-Resident Ordinary (NRO) Savings Account,
Read more:Services
THE NRI EYE: Gulf investors bullish on India 2007-07-23 01:21:00 India is fast becoming a favoured investment destination not just for its own diaspora, but also for institutional investors from the Gulf region. The most attractive avenue for major Arab players seems to be real estate.
Investment pouring into India’s hot property market from the Gulf region have crossed the $35bn mark, says The Economic Times. The combined value of the various real estate
Read more:India
NRIs favour real estate over stocks 2007-08-12 23:23:00 Primary objective of the Overseas Indian Facilitation Centre (OIFC) was to lead Indian diaspora up the investment avenue, but one would certainly not have expected real estate to be the area of greatest interest. At least, not one in which NRIs would want OIFC help. But that’s exactly what’s happened.
We are getting a lot of queries from overseas Indians about investing in property in India.
NRIs may rival MNCs as investors in Indian economy 2007-08-06 04:55:00 The single-largest source of foreign capital into India, non-resident Indians, may one day become the prime source of investment in the domestic economy
. A new report on remittances to India says "NRIs now see India as an investment destination" and are already leaving their mark in real estate and the stockmarket.
Muzaffar Chishti of the Migration Policy Institute, author of "The Phenomenal Rise
Read more:rival
Festival of India a sensorial delight 2007-08-24 04:06:00 The 15th Annual Festival
of India
and Parade was held in Fremont, California on August 11 and 12. The Indian community of Northern California came together in the largest festival of its kind as more than 60,000 people over two days made a colorful addition to Fremont’s streets. They also celebrated the 60th anniversary of India’s independence on August 15. Not just Indians but South Asians and
Read more:sensorial
, delight
UK seeks Punjabi investors 2007-08-28 23:13:00 Punjabi entrepreneurs have been in great demand, both in the UK and Punjab.While leader of the opposition Rajinder Kaur Bhattal made a fervent appeal in Birmingham yesterday to UK-based Punjabi NRIs to make their motherland their destination for investments, a team of the UK Trade & Investment will be holding seminars, both in Chandigarh and Ludhiana, this week to invite entrepreneurial
Read more:Punjabi
Nagpur to Witness Spectacular Growth in Real Estate 2007-09-17 03:59:00 Maharashtra’s second capital, Nagpur off late has been in the news for the tremors being created by booming Real Estate
. India’s second greenest city and also known as Orange city, Nagpur is not only a tourist destination but has various other attributions as well. Nagpur has almost 40 educational institutes in the vicinity, a technically apt workforce that is available at relatively lower cost,
Read more:Witness
, Spectacular
, Growth
, Real Estate
Real Estate Prices Rise In Kerala 2007-09-11 01:20:00 Foreign investment is pouring into India driven by the 30% plus growth rate in the $12 billion real estate market. The real estate in India is estimated to grow to $90 billion in 10 years by analysts.
Industry sources say that roughly Rs. 135 crores is being invested in Kerala
apartment and flat industry every month. Such growth is being driven by returning NRIs as well as growing employment in
Read more:Estate
, Real Estate
, Prices
Doha Bank to offer mutual funds in India 2007-09-03 03:35:00 Doha Bank in association with Investnet, is looking to offer mutual funds in India
. This follows the bank having acquired a 49 per cent stake in Investnet following a strategic tie-up between the pair. Under the new dispensation, Doha Bank Deputy Chief Executive Officer R Seetharaman is to be chairman of the company following a re-branding exercise, according to Investnet Managing
Indian Property Expo begins today 2007-09-28 02:03:00 The Indian Property Exhibition 2007 opens today at Al Falaj Hotel.
Billed as ‘India — a destination for investment’, the exhibition will feature India’s leading builders, promoters, real estate companies, banks and financiers.
India has turned out to be a real estate hotspot and NRI investors wanting to invest in real estate india will have access to a first hand information on the upcoming and
It's changing India that greets NRIs coming home 2007-10-12 01:47:00 When Surya 'Sue' Patel landed at Mumbai airport, she stepped out like many confident NRIs.
Wearing the latest Nike sneakers, a designer pair of jeans and her Rolex watch, she thought she would make her presence felt among her relatives in Mumbai before going on to Gujarat to celebrate Navratri and, later, Diwali.
She trundled her Samsonite bags to be welcomed and hugged by her cousin, Meera.
Read more:India
India offers enormous opportunity for commercial retail 2007-10-04 06:17:00 Real estate India
is soaring high with people reaping profits from this sector. In the last 2-3 years real estate has plummeted to new highs with around 100 % to even 600% increase in the rates of both commercial and residential sector.
The shift today is and expected in the future will be towards the commercial segment with retail giving a strong impetus to it. The international retail giants
India Offers Enormous Opportunity for Commercial Retail 2007-10-19 00:33:00 Real estate in India
is soaring high with people reaping profits from this sector. In the last 2-3 years real estate has plummeted to new highs with around 100 % to even 600% increase in the rates of both commercial and residential sector.
The shift today is and expected in the future will be towards the commercial segment with retail giving a strong impetus to it. The international retail
Read more:Offers
, Opportunity
, Commercial
, Retail
Developers focusing on NRIs to give sales a push 2007-10-24 05:36:00 Paul Sharma, 46, a portfolio manager with a hedge fund in London, plans to apply for an overseas Indian citizenship that would let him buy real estate in one of the fastest appreciating real estate markets in Asia.
Sharma, who is partly of Indian origin, left India in 1968 and has since been living in the UK. And he is not eyeing India for sentimental reasons alone.“I am basically from Himachal
Read more:Developers
Find bargain real estate online 2008-02-09 06:27:00 The national foreclosure rate is at its highest point in years and is expected to climb. But, despite the downturn in the housing market, real estate sites are going strong.Maybe you're looking to pick up a bargain. Or maybe you want to know how market changes are affecting your home's value. Real estate sites can help.
Finding a house
Your first stop should be Realtor.com. This is the National
Read more:online
Real Estate developers catering to specific needs of Chandigarh buyers 2008-02-03 08:45:00 Real estate developers are now catering to the specific needs of upmarket buyers, including non-residents, providing accommodation that spells class, elegance and luxury. he search for that ideal accommodation that spells fine living brings Jalandhar-based industrialists Simardeep and Gundeep Singh to Mohali, where there are superb options for possessing a 'dream home'.
Designed to Andalusian,
Read more:Estate
, Chandigarh
, Real Estate
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