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NRI Real Estate News, Top stories, Updates for Non Resident Indians Abroad



NRI Real Estate news, information with current events, alerts, stories with Tax, Investment, Repatriation Issues FAQs for non resident Indians worldwide



Published: Mon, 29 Oct 2007 07:32:02 +0530

Last Build Date: Mon, 29 Oct 2007 07:32:02 +0530

Copyright: Copyright 2007, www.nrirealtynews.com
 



Unprecedented realty boom in Himachal Pradesh

Mon, 29 Oct 2007 07:32:02 +0530

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....



HSBC opens NRI office to facilitate cross-border transaction

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....



Protego to launch a $400 mn Indian office fund

Fri, 26 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......



Indian Realty Sector can perform better, indicates study

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......



RBI suggests restrictions on P-notes

Thu, 25 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 .....



Hooda visit brings in impressive investment

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.....



RBI up in arms against automatic FDI in realty

Wed, 24 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....



Emerging Indian Cities among the fastest growing cities in the world

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......



LIC Joins Indian Real Estate Bandwagon

Tue, 23 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......



Remittances from Indians abroad push India to the top

Mon, 22 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.....



Haryana CM promotes NRI investing in the State

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......



Delay in Realty Projects: A Regular Phenomenon in West Bengal

Fri, 19 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.....



ETA Star to launch Projects in Bangalore

Thu, 18 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....



Citibank Sponsors IndiaHome Expo in Dubai

Wed, 17 Oct 2007 07:32:02 +0530

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....



India Retail Reliance forays into Consumer finance

Tue, 16 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....



Loans against property: witnessing impressive credit offtake

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.....



Morgan Stanley Moves to Tap HNIs and NRI Investors

Tue, 09 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.....



Real Estate Developers Vie for Prime Kolkata Property

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.....



New Players in Indian Real Estate

Mon, 08 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.....



Govt. Initiates Steps against Pre-Launch Offers

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.....



Plush Localities in Indian Metros Retain Lead

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.....



Home Loans Made More Affordable by Wizard

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.....



DLF Seeks Foreign Pastures for Fresh Funds

Fri, 05 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......



Govt. Approves 13 FDI Proposals

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.....



HSBC Realty Fund in the Offing

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.....



17 Emerging Corridors on Indian Real Estate Map

Thu, 04 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.....



MOIA calls for more NRI Investments in Indian Economy

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.....



Royal Touch Added to Udaipur Real Estate Market

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.....



Wider Access to Home Loans as More Banks Slash Rates

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.......



MOIA Working on NRI University

Wed, 03 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......



NRI Deposits face the odds as Interest Rates Drop

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.....



Mumbai Real Estate Receives a Boost from Railways

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....



Govt. to Establish Real Estate Regulator

Fri, 28 Sep 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....



Wizard Launches Home Loan Products in India

Thu, 27 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....



Union Bank Joins Move to Cut Home Loan Rates

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......



RBI Steps In to Check Rupee

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.....



Bangalore Real Estate faces Slowdown

Wed, 26 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.....