Latest News, Stories and NRI Real Estate, Property, Investment and Tax Issues for Non Resident Indians Abroad http://www.nrirealtynews.com/stories/top-stories.php Mon, 29 Oct 2007 07:32:02 +0530 Mon, 29 Oct 2007 07:32:02 +0530 Copyright 2007, www.nrirealtynews.com http://www.nrirealtynews.com/images/feed-logo.gif http://www.nrirealtynews.com/stories/top-stories.php en-us Owning a home in tourist destinations like Shimla and industrial towns like Baddi are now coming true, even as the state government is bestowing special relaxations to real estate developers in India.... http://www.nrirealtynews.com/stories/oct07/unprecedented-realty-boom-himachal-pradesh.php http://www.nrirealtynews.com/stories/oct07/unprecedented-realty-boom-himachal-pradesh.php Mon, 29 Oct 2007 07:32:02 +0530 NRI representative office of the Hong Kong and Shanghai Banking Corporation Limited in India (HSBC India) in Fremont, California.... http://www.nrirealtynews.com/stories/oct07/hsbc-opens-nri-office-facilitate-cross-border-transaction.php http://www.nrirealtynews.com/stories/oct07/hsbc-opens-nri-office-facilitate-cross-border-transaction.php Mon, 29 Oct 2007 07:32:02 +0530 British investment management group Protego Real Estate Investors LLP has announced that it hopes to raise up to usd 400 million...... http://www.nrirealtynews.com/stories/oct07/protego-launch-usd-400-mn-indian-office-fund.php http://www.nrirealtynews.com/stories/oct07/protego-launch-usd-400-mn-indian-office-fund.php Fri, 26 Oct 2007 07:32:02 +0530 Real estate India has a multiplier effect on income and employment. As indicated by a HUDCO-IIM Ahmedabad study, every rupee invested in this sector adds 78 paisa to the state GDE...... http://www.nrirealtynews.com/stories/oct07/indian-realty-sector-perform-better-indicates-study.php http://www.nrirealtynews.com/stories/oct07/indian-realty-sector-perform-better-indicates-study.php Fri, 26 Oct 2007 07:32:02 +0530 Maintaining its stance on participatory notes (P-notes), the Reserve Bank of India (RBI) has sent in a note to the finance ministry ..... http://www.nrirealtynews.com/stories/oct07/rbi-suggests-restrictions-on-p-notes.php http://www.nrirealtynews.com/stories/oct07/rbi-suggests-restrictions-on-p-notes.php Thu, 25 Oct 2007 07:32:02 +0530 Haryana Chief Minister Bhupinder Singh Hooda visit to USA and Canada has invited Rs 3750 crore investment from these countries..... http://www.nrirealtynews.com/stories/oct07/hooda-visit-brings-impressive-investment.php http://www.nrirealtynews.com/stories/oct07/hooda-visit-brings-impressive-investment.php Thu, 25 Oct 2007 07:32:02 +0530 Rising foreign fund inflows in the Indian real estate sector has the Central Bank worried which has led it to ask the government to allow FDI into the sector.... http://www.nrirealtynews.com/stories/oct07/rbi-up-in-arms-against-automatic-fdi-in-realty.php http://www.nrirealtynews.com/stories/oct07/rbi-up-in-arms-against-automatic-fdi-in-realty.php Wed, 24 Oct 2007 07:32:02 +0530 The current economic growth in India has spearheaded the new phenomena of the dramatic shift in population to urban centres...... http://www.nrirealtynews.com/stories/oct07/emerging-indian-cities-among-fastest-growing-cities-in-world.php http://www.nrirealtynews.com/stories/oct07/emerging-indian-cities-among-fastest-growing-cities-in-world.php Wed, 24 Oct 2007 07:32:02 +0530 The latest to join the Indian real estate bandwagon is the giant Life Insurance Corporation of India, as it recently outbid other realty players in purchasing large tracts of land across the country...... http://www.nrirealtynews.com/stories/oct07/lic-joins-indian-real-estate-bandwagon.php http://www.nrirealtynews.com/stories/oct07/lic-joins-indian-real-estate-bandwagon.php Tue, 23 Oct 2007 07:32:02 +0530 India has pipped China and Mexico to become the top remittance receiving country in the world as the latest data released by the World Bank corroborate..... http://www.nrirealtynews.com/stories/oct07/remittances-from-indians-abroad-push-india-to-top.php http://www.nrirealtynews.com/stories/oct07/remittances-from-indians-abroad-push-india-to-top.php Mon, 22 Oct 2007 07:32:02 +0530 Haryana Chief Minister Bhupinder Singh Hooda has taken active step in wooing NRIs to invest in the state while also considering preferential treatment in allotment of land and other fiscal incentives for NRI realty investment...... http://www.nrirealtynews.com/stories/oct07/haryana-cm-promotes-nri-investing-in-state.php http://www.nrirealtynews.com/stories/oct07/haryana-cm-promotes-nri-investing-in-state.php Mon, 22 Oct 2007 07:32:02 +0530 Property prices in Kolkata are going through roof. Bureaucracy and red tape are to be blamed which ensures a delay in real estate projects and a high surge in property prices..... http://www.nrirealtynews.com/stories/oct07/delay-realty-projects-regular-phenomenon-west-bengal.php http://www.nrirealtynews.com/stories/oct07/delay-realty-projects-regular-phenomenon-west-bengal.php Fri, 19 Oct 2007 07:32:02 +0530 UAE based real estate developer ETA Star is all set to enter into Indian real estate with a realty project in Bangalore in 2008.... http://www.nrirealtynews.com/stories/oct07/eta-star-launch-projects-bangalore.php Thu, 18 Oct 2007 07:32:02 +0530 http://www.nrirealtynews.com/stories/oct07/eta-star-launch-projects-bangalore.php Citibank, one of the largest full service banks in the world, is to fund the IndiaHome Property Exhibition to be organized by RNH Events Management FZ at Shangri La Hotel on Shaikh Zayed Road, Dubai.... http://www.nrirealtynews.com/stories/oct07/citibank-sponsors-india-home-expo-dubai.php Wed, 17 Oct 2007 07:32:02 +0530 In what appears to be a big ticket foray into the consumer finance space in India Reliance Retail is entering into a joint venture with Citigroup.... http://www.nrirealtynews.com/stories/oct07/india-retail-reliance-forays-consumer-finance.php Tue, 16 Oct 2007 07:32:02 +0530 The State-owned, private sector and foreign banks in India are coming out with schemes that offer loans against property..... http://www.nrirealtynews.com/stories/oct07/loans-against-property-witnessing-impressive-credit-offtake.php Tue, 16 Oct 2007 07:32:02 +0530 Non resident Indians and high net worth individuals would be the focus of Morgan Stanley expansion program for India. The Wall Street bank is planning to recruit 100 private bankers to manage assets worth USD1 billion by 2010..... http://www.nrirealtynews.com/stories/oct07/morgan-stanley-moves-to-tap-hnis-nri-investors.php Tue, 09 Oct 2007 07:32:02 +0530 While the real estate market in most metros appears to be cooling off, Kolkata continues to retain the interest of the big ticket developers..... http://www.nrirealtynews.com/stories/oct07/real-estate-developers-vie-prime-kolkata-property.php Tue, 09 Oct 2007 07:32:02 +0530 Indian real estate has a host of new players notable debutants include the Adani Enterprises and the royal Ghorpade family..... http://www.nrirealtynews.com/stories/oct07/new-players-indian-real-estate.php Mon, 08 Oct 2007 07:32:02 +0530 Pre-launch offers by Indian real estate developers are under a cloud, and the Ministry of Corporate Affairs is keeping tabs on such announcements ever since malpractices under the scheme came to light..... http://www.nrirealtynews.com/stories/oct07/govt-initiates-steps-against-pre-launch-offers.php Mon, 08 Oct 2007 07:32:02 +0530 While the debate on the real estate prices in India metros continues, plush residential colonies in India metros have maintained the steady increase in rates over the last 12 months..... http://www.nrirealtynews.com/stories/oct07/plush-localities-indian-metros-retain-lead.php Mon, 08 Oct 2007 07:32:02 +0530 GE Money Wizard is chalking out a novel strategy based on a wealth-sharing plan to garner the huge home loan market in India through owner-operator branches, competitive pricing and customer oriented mortgage products..... http://www.nrirealtynews.com/stories/oct07/home-loans-made-more-affordable-by-wizard.php Mon, 08 Oct 2007 07:32:02 +0530 Indian real estate companies are looking for a fresh avenue of funds. DLF, India largest realty development company is seeking foreign pastures for another surge of capital to finance its various projects...... http://www.nrirealtynews.com/stories/oct07/dlf-seeks-foreign-pastures-fresh-funds.php Fri, 05 Oct 2007 07:32:02 +0530 A fresh round of approvals came in from the Finance Ministry, upon the recommendations of the Foreign Investment Promotion Board, for 13 proposals for foreign direct investment (FDI) in India, adding up to Rs.393.36 crore..... http://www.nrirealtynews.com/stories/oct07/govt-approves-13-fdi-proposals.php Fri, 05 Oct 2007 07:32:02 +0530 HSBC is working on an India-specific real estate fund, with a target of USD 500-600 million. The London-based bank is planning to garner a share of the booming Indian real estate market..... http://www.nrirealtynews.com/stories/oct07/hsbc-realty-fund-Offing.php Fri, 05 Oct 2007 07:32:02 +0530 Top ranking destinations are Hinjewadi near Pune and Manesar near Gurgaon, scoring high on all parameters, says the report, with a promising future ahead. Their growth would continue to be sustained by the neighbouring towns..... http://www.nrirealtynews.com/stories/oct07/emerging-corridors-indian-real-estate-map.php Thu, 04 Oct 2007 07:32:02 +0530 The MOIA is eager to increase the interaction between India and its diaspora through the Overseas Citizenship of India scheme, the Overseas Indian Facilitation Centre, the Knowledge Network and the Global Foundation..... http://www.nrirealtynews.com/stories/oct07/moia-calls-more-nri-investments-indian-economy.php Thu, 04 Oct 2007 07:32:02 +0530 Real estate in Udaipur, Rajasthan will receive a boost with the launch of a royal township near the Umaid Bhavan Palace belonging to the royal family of Jodhpur..... http://www.nrirealtynews.com/stories/oct07/royal-touch-added-udaipur-real-estate-market.php Thu, 04 Oct 2007 07:32:02 +0530 The bid to bring back customers for home loans is on, as more banks trim their loan rates. The latest to join the league are Allahabad Bank, Canara Bank and Central Bank....... http://www.nrirealtynews.com/stories/oct07/wider-access-home-loans-more-banks-slash-rates.php Thu, 04 Oct 2007 07:32:02 +0530 The Minister of Overseas Indian Affairs, Vyalar Ravi shared his ministry plans to set up a NRI university under the aegis of the Indira Gandhi National University...... http://www.nrirealtynews.com/stories/oct07/moia-working-nri-university.php Wed, 03 Oct 2007 07:32:02 +0530 NRI deposits have received a setback following a drop in the interest rate and the weakening of the dollar against the Indian rupee..... http://www.nrirealtynews.com/stories/oct07/nri-deposits-face-odds-interest-rates-drop.php Wed, 03 Oct 2007 07:32:02 +0530 It was the defunct mill properties first, followed by Dharavi, and now it is the railways. The city meagre land resources are slowly beginning to swell.... http://www.nrirealtynews.com/stories/oct07/mumbai-real-estate-receives-boost-from-railways.php Wed, 03 Oct 2007 07:32:02 +0530 The move to regulate Indian real estate received an impetus with the Union Urban Development Minister announcing the setting up of a regulator for the redressal.... http://www.nrirealtynews.com/stories/sep07/govt-establish-real-estate-regulator.php Fri, 28 Sep 2007 07:32:02 +0530 The Indian home loan market is astir with the entry of Wizard Home Loans from Australia.Wizard is a subsidiary of GE Money and has ambitious targets of figuring in the top.... http://www.nrirealtynews.com/stories/sep07/wizard-launches-home-loan-products-in-india.php Thu, 27 Sep 2007 07:32:02 +0530 New home loans from Union Bank would be charged at a lower rate with immediate effect, depending on the size of the loan...... http://www.nrirealtynews.com/stories/sep07/union-bank-joins-move-cut-home-loan-rates.php Thu, 27 Sep 2007 07:32:02 +0530 In a measure taken to check the rupees rise, the Reserve Bank of India has liberalized norms for Indian companies, mutual funds and individuals to invest abroad..... http://www.nrirealtynews.com/stories/sep07/rbi-steps-in-to-check-rupee.php Thu, 27 Sep 2007 07:32:02 +0530 Real estate consultants Cushman and Wakefield have alerted a deceleration in the Bangalore real estate market, especially in the residential property segment..... http://www.nrirealtynews.com/stories/sep07/bangalore-real-estate-faces-slowdown.php Wed, 26 Sep 2007 07:32:02 +0530