Showing posts with label NRI. Show all posts
Showing posts with label NRI. Show all posts

As property markets fall world-wide, one of the few consolations for real-estate investors is that some governments have become more open to nonresident property owners. A growing number of them are considering loosening or temporarily suspending foreign property-ownership restrictions in a bid to stimulate their real-estate markets. In January, for example, Beijing issued a one-year suspension of a one-year residency requirement for foreign nationals buying a house. The Cayman Islands and Australia have also recently loosened their rules. Meanwhile, the issue is being discussed in numerous other countries, including the Philippines. Loosening foreign-investment restrictions isn't new. Governments have been attempting to stimulate foreign investment for years in response to swelling interest from international investors. In 2005, India began letting foreigners invest directly in Indian residential and commercial real-estate development. And in late 2006, the government lifted a required 10-year lock-in period on repatriating property sale proceeds, although it's limited to $1 million a year.
Slumping property sales has given the issue renewed urgency, as countries strive to find ways to stimulate local economies. Last month, the historically foreign-investment-friendly government of the Cayman Islands temporarily lowered rates on their real-estate transfer "stamp duty" taxes, including a reduction to 5% from 7.5% on waterfront property. At the same time, the country's real-estate brokers group, Cayman Islands Real Estate Brokers Association, announced a 20% rebate on commissions.
Ways to restrict foreign investment aside from outright bans include high transfer taxes and limits on when and how much money investors can repatriate. Rules can differ depending whether the purchase is a residence or an investment. To be sure, not all countries are choosing to loosen regulations. Some may crack down on foreign investment, blaming it for driving prices to unsustainable levels, says Danny Bance, managing partner of U.K.-based International Property Investment Network, a research and investment services provider for investors. But many governments believe that foreign investment spurs infrastructure development, which spurs economic opportunity, says Mr. Johnson, 59 years old, of Detroit, who got his start developing luxury property in Michigan, including a large Lake Michigan resort. He says he helped convince the British Virgin Islands government to loosen curbs on foreign investment partly through his willingness to hire local residents for senior management positions.

INDIA Real Estate Expo 2008 is showcasing residential and commercial properties in Dallas, TX & Seattle, WA. Expo begins on May 31st 2008, and ends on June 8th 2008.

Horizon Expo recently announced the debut of INDIA Real Estate Expo '08 in DALLAS & SEATTLE. India is reckoned as one of the fastest growing economies of the world and owing to its inherent advantages of a large consumer base, raw material resources, world class manufacturing capabilities, competitively priced talent base, a comprehensive legal & tax system and a strong operating financial system has become a preferred investment and business destination. Real estate, a "sunshine industry" in India, is flourishing rapidly, propelled by strong demand drivers and significant transformations such as deregulation of the sector, increasing transparency and professionalism, improved product quality and service standards etc.

Availability of housing loans to Non Resident Indians (NRIs) has impelled property investment in India. Reserve Bank of India (RBI) has reported that inward foreign remittance has grown 3 folds in last couple of years, and majority of these funds have been used to buy immoveable property in India.

In the midst of all the available property investment options in India, it becomes an extremely difficult task for an overseas investor to perform a due-diligence to find a reliable investment opportunity. Recognizing this particular issue, Horizon Expo LLC, a value-added licensed entity in USA, has announced its 3rd edition of INDIA - Real Estate Expo '08. This exhibition would bring home buyers and real estate developers under one roof, providing the necessary platform to perform a proper due-diligence before making a life-saving worth of investment. Real Estate Developers from Major Indian Cities like Delhi, Bangalore, Mumbai, Pune, Chennai, Hyderabad and Punjab would be showcasing residential, commercial & retail projects at the exhibition.

This would be the third Indian property exhibition that Horizon Expo would organize in United States. Its previous exhibitions held in year 2007 have helped numerous home buyers from San Jose, Los Angeles, New York and New Jersey. FIA has thrice awarded Horizon Expo LLC with Excellence in NRI Real Estate Services. Bangalore's top property developer, "MANTRI DEVELOPERS" is platinum sponsor of the exhibition, a Delhi based realty major, OMAXE is a Gold Sponsor, showcasing an upscale residential condominium project in Ludhiana, Punjab.........


At Maa Properties, we have in-depth knowledge of property markets, extensive experience, specialized skills and resources necessary to provide an entire range of reliable and responsive property management services. No matter how far away you are currently located, our online services enable you to take charge of things and efficiently handle all property-related transactions back home.

We would like to take the opportunity to welcome all the community members living world wide to our real estate portal.(NRI)

Real Estate Fair for NRI's in Dubai

Posted by Jack Macferson | 9:42 PM | | 0 comments »

Inorder to encourage the buying of property (Real Estate) by Non Resident Indian's living at Dubai, a real estate fair is being organised. To meet the growing demand from non resident Indians to buy Indian residential property in their homeland for resettlement, a real estate fair is organised, a property fair at their doorsteps in Dubi between March 9 and 10, 2007 at the Jumeirah Ball Room, Hotel Crown Plaza.

The Indian real estate market has emerged as one of the most attractive options to invest in the international market. But, as the investment amount is large, investors want to know about the developers and the projects developed by them before taking a final decision.' For an NRI it is not possible to come from their work place in a foreign country to India to identify a project, which is a very difficult proposition. This is the reason for a huge pent-up demand among the NRIs across the world to invest in Indian real estate.

This fair will give proper opportunity to all the NRI's to meet the prominent developers in India and discuss the investment strategies, for long term investments. Everyone want to return to India after seeing the unprecedented growth in economy i.e. 9% GDP growth.

NRI's Investing in India

Posted by Jack Macferson | 2:00 AM | | 0 comments »

Non-residents Indians [NRIs] have recently begun to show immense interest in the real estate market of India. A lot of NRI funds are coming to India, through various channels, to be invested in the real estate industry, as these NRIs want make the most of the opportunities offered by the growing real estate market in India.
We cannot ignore the important aspect of India's government in promoting real estate. The Indian government has played a major role in supporting the growth of the real estate sector by allowing NRI investment and Foreign Direct Investment [FDI] in real estate. With an exceptionally good return on the investment, the real estate sector has become the preferred choice of most of the investors.
Various lucrative avenues are being created and offered to invite maximum investments from abroad. The NRI section has responded quite positively, showing keen interest in India's real estate market. NRIs are investing a lot in residential and commercial properties to cash upon the increasing property demands.