April 04, 2006

NRIs New Destination...

India "The Golden Bird" is once again ready for its flight to fathom the heights of the skies. The whole world wants to be a part of Indian versatility. NRIs have start investing for Indian grounds for their respective interests, may it be for personal or business oriented. They are now looking for different parts of India for a asset. The Real Estate market of India is taking a new turn in the international market. The places in India getting the most of the popularity are Delhi, Gurgaon, Pune, Calcutta/Kolkata, Bangalore, Chennai, Hyderabad, Chandigarh, Mumbai. NRIs investments in Real Estate is not new in the market scenario but what has changed is the vision to look India as the best place to make their investments. Foreign Direct Investments( FDI) in India has contributed most in the Real Estate market to get open to the NRIs after its last review where permission for construction and development of housing townships, commercial office space, hotels and resorts, hospitals, educational institutions, recreational facilities, Infrastructure are granted. ------------------------------------------- By Tony Braig