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NRIs Investemnt

NRI Investors Zero in on Indian Real Estate’s Revival Signals – RealtyMyths

by Shajai Jacob, CEO – GCC (Middle East) ANAROCK Property Consultants Riding on a wave of economic reforms, improving transparency and better governance, foreign investments in Indian real estate are set to scale new heights. With laws now allowing 100% FDI (foreign direct investment) in construction development and REITs now in place for commercial real estate, the Indian real estate industry will see increasing investment infusions from NRIs (non-resident Indians). According to a World Bank report, India received USD 79 billion in remittances in 2018 – with a sizeable portion going into real estate. NRI investments into Indian real estate are led Indian expatriates from UAE, USA, UK, and Canada. In terms of Indian cities, Bengaluru, Mumbai, Pune, Hyderabad, Chennai and Delhi-...

NRIs eye rental income, invest in luxury and affordable real estate – RealtyMyths

The expats who are earning surplus always look to park their earnings into the assets that can give them handsome but regular returns. The same happens with NRIs as well, and they find the Indian real estate market as one of the most lucrative options to suit their requirements the best way. The sector has shown steady growth and has become more transparent. Thanks to the reformatory measures like GST and RERA that have brought the investors’ attention back to this sector. Real estate has always been a favourite investment asset class for Indians, both residents as well as non-residents. If experts are to be believed, the NRIs prefer buying landed assets as they generate good rental income. Also, of late, NRIs with higher purchasing power are lapping up luxury homes along with afford...

RealtyMyths Weekly News Roundup

Welcome once again to RealtyMyths Weekly News Round-Up. Let’s jump into the pool of updates of the real estate sector that took place in the very first week of October! Starting with the blessing in disguise. The falling rupee is turning out to be an opportune situation for the NRIs to invest in the real-estate. Developers are offering great incentives like waiver on stamp duty, GST and floor rise. It is also estimated that in the span of 6 months, real estate will be gaining in the range of 7-8%, due to the investments made by NRIs. Next story straight up from SC office. Supreme Court has put a stay order on the construction of ultra-modern housing projects, including the helipad and resorts in Nainital, Uttrakhand until further instruction. Due to the high-altitude forest, and the risk o...

Weekly News Round Up

Welcome back viewers and here are the weekly real estate and city infrastructure updates for you. Let’s start with some of the updates from the construction industry. Supreme Court put a ban on construction activities in Maharashtra, Uttarakhand, Madhya Pradesh and Chandigarh. The court took this decision to panelise the state governments for not forming the policies on solid waste management. However, with prompt action from the governments of Maharashtra and Uttarakhand, the court lifted ban in these two states later this week. The developers’ community are worried over this decision as this will lead to further delay in construction and possession of the properties.  They are asking why they should be panelised for the negligence done by the government! News from Kolkata, on Tuesday, a ...

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