Tue, 09 Oct 2007 10:42:31 +0600 NRI guide to Financing, Housing, home purchase loan, eligibility, procedure, repayment and information for Non resident Indians living abroad http://www.nrirealtynews.com/nri-finance/latest-news.php en http://www.nrirealtynews.com/images/feed-logo.gif http://www.nrirealtynews.com/nri-finance/latest-news.php 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 Tue, 09 Oct 2007 12:55:33 +0600 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 Tue, 09 Oct 2007 12:57:06 +0600 In a measure taken to check the rupee 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 Tue, 09 Oct 2007 12:59:27 +0600 Breaking the Rs.40 to a dollar barrier for the first time since 1998, the Indian currency rose by 0.7 percent to touch 39.88 per dollar, spurred by the US Federal Reserve cut in the key interest rate. http://www.nrirealtynews.com/stories/sep07/rupee-breaks-new-ground-to-dollar.php Fri, 28 Sep 2007 10:42:31 +0600 With the Indian real estate market generating waves in global financial circles, Indiareit hopes to cash in on the investment mood of global equity players with the launch of an offshore fund. http://www.nrirealtynews.com/stories/sep07/foreign-funds-flood-indian-real-estate.php Fri, 28 Sep 2007 10:43:20 +0600 The year 2005-06 saw an increase of 25% in NRI remittances over the previous year, taking the figure up to USD 25 billion, according to a Reserve Bank of India survey . 7 Sep 2007 05:26:27 GMT http://www.nrirealtynews.com/stories/sep07/trends-nri-remittances.php 73B1F4AE-CD11-4E50-9A45-03677E7091BE Andhra Bank has announced its plans to raise up to Rs.4 billion in December this year through a mix of several debt instruments. Expecting a growth of 25% in terms of advances and 23% in terms of deposits, Andhra Bank is on an expansion mode. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/aug07/andhra-bank-nri-mantra-overseas-branches-new-schemes.php Life Insurance Company of India and New India Assurance, have entered into a joint venture with Al Hokair Group of Saudi Arabia, to start operations in Saudi Arabia. The joint venture, Saudi India Company for Cooperative Insurance (SICCI), shall sell both life and general insurance policies in Saudi Arabia. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/aug07/life-general-insurance-policies-nri-saudi-arabia.php The RBI announced a hike in its cash reserve ratio (CRR) by 50 basis points in its 1st quarterly review of the monetary policy. Effective from August 4, the CRR now stands at 7 per cent. Keeping in tune with the first quarter credit policy 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/aug07/hike-crr-key-bank-rates-unchanged-rbi.php Looking overseas to raise capital, HDFC Bank Ltd. has generated USD 698 million by selling 6.59 million American Depository Shares on the New York Stock Exchange at USD 92.10 each. This follows ICICI Bank raising of USD 2.14 billion last month. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/july07/hdfc-bank-raises-capital-through-ads.php A fresh round of FDI approvals came in from the Finance Ministry on Tuesday, upon the recommendation of the Foreign Investment Promotion Board. All of 17 FDI projects were cleared, involving an investment of Rs. 122.3 crore. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/jun07/finance-ministry-approves-new-fdi-projects.php As the perception of reverse mortgage gains popularity in India, HDFC proposes to enter the market with a customized mortgage product for the elderly. The process of identifying potential customers has already been initiated in Athashri in Pune, a housing society exclusively for senior citizens 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/jun07/hdfc-ventures-reverse-mortgage.php With the new service tax introduced by the government in the last budget coming into force, commercial property rates have gone up from 1st June. The 12.6% service tax, including the 3% education cess applies to all rents on commercial properties. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/jun07/service-tax-commercial-property-force.php Home loan seekers confused about disparities in housing loans extended by various housing finance companies can look forward to a common forum being proposed by the National Housing Board (NHB). The NHB is deliberating over a common forum of banks and HFCs to maintain proficient and principled standards in the housing loan sector. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/jun07/nhb-proposes-common-home-loan-forum.php Citigroup, the financial services giant, will sell HDFC home loan products through all its branches in India alongside its own loan services. This arrangement follows an agreement signed by the two finance companies which would see cross-selling of their products, provided HDFC Bank dealings are not in variance with Citigroup. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/jun07/hdfc-home-loans-from-citigroup.php As promised during the 5th Pravasi Bharatiya Divas in January this year, a Facilitation Centre for NRI entrepreneurs is being set up in New Delhi on May 28. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/may07/nri-entrepreneurs-avail-services-facilitation-centre.php Muksudran village, tucked away on the outer limits of Ludhiana, and carrying the distinction of having the largest number of NRIs has received a grant of Rs.10 million for establishing a model school. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/may07/nris-finance-model-school-project-punjab-village.php A contributory pension scheme is under way for all non-resident Keralites, which would be paid out after a minimum lock-in period. With two million of Kerala population employed overseas, the state Government has decided to extend social security benefits to these citizens who have contributed so significantly to its economy. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/may07/pension-scheme-for-non-resident-keralites.php The Sahara Care House service caters exclusively to NRIs through a network of relationship ambassadors. These ambassadors are on call 24 hours a day, offering a range of services to NRIs who are unable to attend to their responsibilities in India. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/may07/personalised-nri-services-sahara.php From under USD 500 billion in 2000-01, India has joined the ranks of the world top 10 economic powerhouses with a trillion dollar economy. And it not just the Indian economy which has attained the trillion-figure mark. 31 Aug 2007 07:43:10 GMT http://www.nrirealtynews.com/stories/apr07/nri-wealth-indian-economy-touch-trillion-mark.php