Non-Resident Indians
Finance Minister Arun Jaitley has recently tasked a high-level panel led by Finance Secretary Arvind Mayaram to sketch out a new framework to facilitate Non-Resident Indians (NRIs) to make investments in the country. The Centre’s efforts in having a new framework outlined for NRI investments in India is an apparent indication of the fact that [...] Continue Reading »
India currently faces a housing shortage of approximately 18 million units. However, despite the huge housing shortage in` the country, the vacancy rates are quite high in some of the leading cities of the country. Expert analyses of the current situation in India’s housing market have revealed that although housing continues to be a big [...] Continue Reading »
The Reserve Bank of India (RBI) apparently has plans underway to relax the restrictions under the Foreign Exchange Management Act (FEMA); in an apparent attempt to enable non-resident Indians (NRIs) to purchase property in India jointly with their spouse holding foreign passports. RBI executive director G Padmanabhan has called for a review of the existing rules [...] Continue Reading »
Latest housing scheme by the Delhi Development Authority (DDA)’s with about 3,000 flats on offer will be postponed by at least six months due to the unfinished construction of flats as well as ongoing elections. The housing scheme was announced after a hault of four years and was likely to roll out last month. For [...] Continue Reading »
According to CBRE’s bi-annual India Residential Market View report for H2 2013, a slow economic growth, coupled with high property prices and steep interest rates, resulted in feeble demand for housing during the second half of 2013 Mumbai’s housing market remained largely stable, with a slight positive reception in selected premium micro-markets. In comparison to [...] Continue Reading »
The Indian real estate market is always attractive to Non resident Indians. This is because it is one of the safest investments as it gives better returns over time. Many NRIs own multiple properties in India and among them some properties are inherited. Real estate also has certain tax challenges like other investments. According to [...] Continue Reading »
Owing to abounding investments of non resident Indians (NRIs), alluring offers provided by the builders and changing lifestyles of buyers, the demand for luxury housing market is gradually cheering up in the metros. The demand for luxury and ultra-luxury homes is growing, particularly for those ranging between Rs 1 crore to Rs 20 crore, or [...] Continue Reading »
Mangalore has witnessed slump in the residential property sales in the recent past. June-July month has seen a grave dip in the bookings. The slump seems due to reluctance of non-resident Indians to invest in property in Mangalore, , to invest in the properties here. Usually the NRIs account for 55-60 per cent of the [...] Continue Reading »
The dipping rupee value in the past few months has brought a lot of cheer to Non Resident Indians. The Indian real estate market has now turned sluggish and the depreciating rupee adds more power to NRIs dollars and leads them to acquire properties at cheaper rate. Anuj Puri, chairman & country head, Jones Lang [...] Continue Reading »
The rupee value has decreased significantly in the recent time, with the recent exchange value recorded as Rs 60 for a dollar. However, falling rupee is a boon on the part of realty of India and NRIs. Builders are getting plethora of enquiries from NRIs to purchase properties. The number of sales of properties in [...] Continue Reading »
