tag:blogger.com,1999:blog-371138232024-09-05T13:56:09.861+05:30NRI Real Estate news, information with current events, alerts, stories and online newspaper for non resident Indians community worldwide.Unknownnoreply@blogger.comBlogger90125tag:blogger.com,1999:blog-37113823.post-49386013630591025632010-08-06T14:56:00.002+05:302010-08-06T15:02:48.871+05:30

CHENNAI: Tata Realty and Infrastructure Ltd (TRIL) is targeting an order book of Rs 30,000 crore by 2015, building logistics parks, roads, airports, rapid transport systems, a top company official said Thurs day. A wholly owned subsidiary of Tata Sons, the Rs 900-crore equity-based TRIL is currently executing around Rs 8,000 crore worth of realty projects. "We will soon start developmental work

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-24643205737082522402009-04-14T12:34:00.004+05:302009-04-14T12:39:28.355+05:30

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Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-30594003004461806412009-03-07T16:22:00.001+05:302009-03-07T16:27:45.137+05:30

The NRI season is now at its fag end. Despite undertaking tours to the US, the UK and Middle East and doling out freebies and discounts, realtors have been unable to catch the attention of this cash-rich community.The result: NRI investments in India-based properties dropped by over 50% this season, with the four metro cities and “NRI-heavy” mirco markets in states like Gujarat and Kerala being

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-24491082913573720572008-02-09T17:57:00.000+05:302008-02-09T18:00:39.451+05:30

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 houseYour first stop should be Realtor.com. This is the National

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-41304021545849185012008-02-03T20:15:00.000+05:302008-02-03T20:20:18.513+05:30

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,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-71282442677404224782007-10-24T16:06:00.000+05:302007-10-24T16:13:20.295+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-27899841978480150082007-10-19T11:03:00.000+05:302007-10-24T16:15:02.413+05:30

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 giants

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-21252719675650741922007-10-12T12:17:00.000+05:302007-10-12T12:20:13.442+05:30

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. Her

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-64439003840744089892007-10-04T16:47:00.000+05:302007-10-04T16:50:15.800+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-26945706934450668412007-09-28T12:33:00.000+05:302007-09-28T12:43:54.998+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-43173481398452344972007-09-17T14:29:00.000+05:302007-09-17T14:31:33.089+05:30

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,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-56223193809837173142007-09-11T11:50:00.000+05:302007-09-11T12:00:58.952+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-29082736631116684812007-09-03T14:05:00.000+05:302007-09-03T14:11:56.592+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-9288058139600576072007-08-29T09:43:00.000+05:302007-08-29T10:14:45.718+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-59179565707330014312007-08-24T14:36:00.000+05:302007-08-24T14:43:49.648+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-89951061552512481342007-08-13T09:53:00.000+05:302007-08-13T10:14:48.002+05:30

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. OIFC,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-35578708101455745872007-08-06T15:25:00.000+05:302007-08-06T15:35:49.032+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-7131065035694594052007-07-25T15:17:00.000+05:302007-07-25T15:44:40.070+05:30

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,

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-33575293269687667032007-07-23T11:51:00.000+05:302007-07-23T12:01:58.870+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-54407801394286910692007-07-09T10:53:00.000+05:302007-07-09T10:58:16.585+05:30

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 is

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-47377535987465320702007-07-03T14:29:00.000+05:302007-07-03T14:34:16.891+05:30

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, was

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-25917476196637736792007-06-27T09:06:00.000+05:302007-06-27T09:11:57.121+05:30

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

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-90586168872389512412007-06-20T14:44:00.000+05:302007-07-25T15:17:02.892+05:30

Q1) What kind of tax rules have been advised for NRIs?Ans: Tax rules for NRIs related to property transactions can be enlisted as follows:Purchase of Property- No taxes are needed while purchasing a property.Sale of Property - Certain taxes are payable while selling a property.Renting Property - PAN card is necessary at the time of letting a property on rent.Q2) Under what circumstances an NRI is

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-8324163150094652252007-06-19T16:29:00.000+05:302007-06-19T16:32:55.947+05:30

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 within 30

Unknownnoreply@blogger.comtag:blogger.com,1999:blog-37113823.post-10388095901777611432007-06-14T11:41:00.000+05:302007-06-14T11:46:23.725+05:30

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

Unknownnoreply@blogger.com