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50% Decline in NRI Realty Investment
Wednesday, Mar 4: The NRI season is now at its fag end. Despite undertaking tours to the US, the UK and Middle East and doling out freebies and discounts, realtors have been unable to catch the attention of this cash-rich community

FDI rules open all Sectors to Foreign Investment
Saturday, Feb 14: With foreign direct investment in the country trickling to $1.36 billion in December, the government has amended rules for foreign direct investment, thereby opening up almost all sectors of the Indian economy, including defence, to foreign investment.

NRIs/PIOs can acquire home in India
Monday, Nov 10: NRIs/PIOs can acquire residencial property in India; however a PIO who is a citizen of Pakistan, China or Bangladesh has restrictions in acquiring property. Also, NRIs and PIO cannot buy agricultural land, plantation property and farm house.

Global crisis may impact NRI investments in Punjab
Thursday, Oct 16: Punjab, as many of the Indian states may be negatively affected by the financial crisis in the US. Many NRIs of Punjabi origin have set up trusts and charities to enhance the health, education and social infrastructure in Punjab. Besides, remittances (estimated at US $ 2 to 3 billion per year) are contributing to an enrichment of the state (World Bank, 2004)

NRIs to pay more interest for large borrowings
Sunday, Oct 13: Banks in India have started increasing home loan rates for large borrowers by 25 to 50 basis points. The increased rates are applicable to NRI borrowers as well. Earlier, banks had only two slabs for home loans -- up to Rs 30 lakh and above Rs 30 lakh. Some banks have now introduced a third slab that covers borrowings over Rs 75 lakh.

Nano driving NRI investors to Gujarat
Wednesday, Oct 8: Real-estate developers and land brokers expect the Nano project to give a boost to the real estate sector in Gujarat which has witnessed a slowdown in the past year. Sources in the industry said that land-sharks have started inquiring about the land prices in nearby areas where the Nano project plant is proposed to come up in a year's time.

Haryana to attract investment of over 4000 cr, expects sizeable contribution by NRIs
Tuesday, Oct 7: With 260 industrial entrepreneur memoranda (IEMs) in hand, the Haryana government is trying to attract an investment of over Rs 4,000 crore. Out of this, the government has envisaged NRI investment of Rs 150 crore from 59 non-resident Indians (NRIs). All these NRIs have already been allotted plots in the state.

India reaching out to NRI investors
Sunday, Oct 5: Real estate developers and agents in India are now offering more solutions to market properties to Non-Resident Indian investors. Their focus is geared to target the burgeoning and lucrative market of prospective Western buyers.

NRI Investment in Kochi on the rise
Sunday, Oct 5: While a considerable number of Kerala residents dwell in foreign countries, real estate in Kochi has always been the subject of NRI interest. Of unpunctual, the surge created by influx of IT / ITeS based companies in the property markets has also resulted in soaring property prices in Kochi in the last few years.

NRIs eyeing Mohali
Monday, Sep 29: Mohali will soon be able to boast of world class infrastructure since it will soon host the IPL matches. NRIs are therefore eager to buy property here. The town's proximity to Chandigarh is a booster to its real estate sector.

RBI allows issue of FCEBs
Wednesday, Sep 24: The Reserve Bank of India (RBI) has allowed Indian companies raise foreign capital by issuing foreign currency exchangeable bonds (FCEBs) with immediate effect. The move will attract foreign currency and strengthen the Rupee.

Global Financial crisis to affect Foreign Investment in India
Wednesday, Sep 24: The global financial crisis will have an indirect effect on the Indian economy as it will lead to liquidity tightening and will firm up of the interest rates; affect the inflow of FDI and export of goods and services to an extent.

IndusInd to launch $1billion realty fund
Wednesday, Sep 17: Private sector lender IndusInd Bank plans to raise a $1 billion fund to invest in infrastructure and real estate. The bank announced this at a meeting of IndusInd International Holdings Ltd, a platform to mobilise NRI investments, in Dubai. The investors in Dubai are very keen on infrastructure and real estate in India and bank plans to mobilise that sentiment.

Gulf NRIs investing in Lucknow
Wednesday, Sep 17: Recent trends in Lucknow suggest that Gulf NRIs form the major chunk of investors for affordable realty deals in the city. NRI investment is increasing due to the lower realty prices in Lucknow as compared to exorbitant property prices in metros like New Delhi and Mumbai.

NRIs eyeing Chandigarh
Tuesday, Sep 16: The Chandigarh real estate market is booming. One of the most prominent factors contributing to the real estate growth is the NRI investments pouring in the city. There are a large number of well-heeled Punjabi NRIs who are pumping huge funds into Chandigarh property market. Considering this, all the major real estate builders are largely launching premium residential projects in the city.

PN Route to Boost NRI Investments
Monday, Sep 15: The rules governing participatory notes may be relaxed with the Reserve Bank of India initiating a review in consultation with Sebi and the government. Non-resident Indians could soon have the additional option of investing in Indian capital markets through this method. PN is a derivative instrument used by a foreign entity to invest in India even without registering itself with the Indian regulator.

NRI meeting in Singapore to Boost Investment in India
Friday, Sep 12: The Pravasi Bharatiya Divas (PBD) will be held from Oct 9 to12, a premier international conference organised by the Singapore Indian Chamber of Commerce & Industry (SICCI), the Ministry of Overseas Indian Affairs (MOIA) and the Confederation of Indian Industry (CII), with the support of the governments of Singapore and India.

Nri Investment increasing Demand for Residential Property in Cochin
Thursday, Sep 11: NRI investment in Cochin has propelled the demand for residential flats in the city. A major percentage of all residential properties in the city are registered by Keralites living abroad. A range of premium residential properties in Cochin by different real estate developers are in various stages of construction to tap the needs and requirements of the NRIs returning to their land.

NRI Investment and FDI contributing to Rupee appreciation
Thursday, Sep 11: Indian economy is among the fastest growing economies of the world. The appreciation of rupee against dollar has been a huge addition to its economic prosperity and growth story. The rupee appreciated by 9.8% against the US dollar during the previous financial year between April 3, 2007 to January 16 2008.

NRIs to gain from Property Expo
Tuesday, Sep 9: THE eighth Indus India Property Exhibition will be hosted by Doha on the 19th and 20th of September. Some of the leading builders and housing finance institutions from India would be participating in the event and several residential and commercial property dealers from all over India will have their stalls at the venue.

NRIs investing in Nagpur
Monday, Sep 8: Nagpur has successfully emerged as the favourite real estate destination for NRIs (Non Resident Indians). The success can be attributed to the over all commercial and residential development of the city. Nagpur is one of the most central cities, with abundance of affordable land and labour.

GIHED concludes Property Show, hopes to rake in NRI Business
Tuesday, Sep 2: The Gujarat Institute of Housing and Estate Developers (GIHED) recently concluded a 3-day property show at World Gujarati Conference (WGC) and hoped that it would help keep the market afloat by raking in NRI investment of around Rs 1,000 crore by March 2009.

FIIs and NRIs Offload equities worth Rs 242 cr
Monday, Sep 1: Foreign Institutional Investors today offloaded equities worth Rs 241.85 crore amid the Sensex closing lower by over 60 points. FIIs invested in shares worth Rs 1,299.92 crore and offloaded equities valued Rs 1,541.77 crore, resulting in the net sale of Rs 241.85 crore, as per provisional data available on the BSE. As per information available on the Sebi website, FIIs sold shares worth Rs 257 crore on Friday.

Interest Rates on Foreign Currency Deposits Slashed
Saturday, Aug 30: Union Bank of India has slashed its interest rates on Foreign Currency Non Resident (B) Account Deposits (FCNR) (B) and Non Resident External (NRE) term deposits from Monday. FCNR (B) deposits in US dollar having a maturity of 1-2 years will now attract an interest rate of 2.46 per cent as against 2.5 per cent earlier, a bank release stated.

Property Seminar to Benefit UK and Nri Investors
Friday, Aug 29: London property investors are looking towards India as a profitable investment destination. A seminar at the City Hotel, Brick Lane, London, at 7pm on September 17th will give London property investors valuable information on how they can benefit from investing in India's thriving property sector. It will be hosted by Navyroof.com - the company that brings investment opportunities from the most up-and-coming areas of India to the UK.

NRIs to benefit from GIHED Property Expo
Thursday, Aug 28: The first ever International Property Show on Gujarat by The Gujarat Institute of Housing & Estate Developers (GIHED) is being held in the US Jersey along with AIANAs (Association of Indian Americans in North America) 'Chaalo Gujarat' -- World Gujarat Conference, Raritan Center, New Jersey, followed by a Property Showcase in Chicago on 6-7th September at the Meadows Club, 2950 W Golf Road, Rolling Meadows, Illinois.

NRIs investing in Mumbai Luxury Real Estate
Wednesday, August 27, 2008 : Realizing the market for super-luxury homes, more and more real estate developers are coming up with million dollar homes in formats ranging from condominiums and suburban town houses to golf villas. The buyers include NRIs from the US and the UK. The super rich are upgrading from old buildings (which no amenities to speak of) to new buildings which have a pool, a gym, liftmen and a concierge, not to mention enough parking for family's many cars.

NRIs investing in Goa
Monday, August 25, 2008 : Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) who are foreign nationals constitute 15 per cent of the demand for Goan real estate, while the remaining is from within Goa according to a report. While land prices in the rest of the country are likely to fall owing to the recent hikes in home loan rates, it's quite the opposite in Goa.

Punjab attracting NRI Investment
Thursday, August 21, 2008 : The NRI Sammelan held in January this year has been able to generate an agro-based project in Punjab. The project has received the nod of the Empowered Committee on Mega Projects and a letter of intent (LoI) has been issued. Notably, as much as 25 to 40 per cent of bookings in projects such as Emaar-MGF's Mohali Hills, Parsvnath's Pride Asia, Pearls City Mohali, to name a few, have come from NRIs.

Investors meet to be held in Muscat
Thursday, August 21, 2008 : Muscat, the capital of Oman, will be one of seven cities around the world that will host a key conference aimed at attracting Non-Resident Indian investment and Person of Indian Origin (PIO) capital to India. The 'Investors' Meet' in Muscat, on November 9, will showcase "exclusive customised projects and products for the Indian Diaspora in broad segments," Indian Ambassador Anil Wadhwa, speaking at a curtain raiser for the event here, said. He stressed that the forum would be targeted not only at "big-ticket investments", but also at the mid-level investors.

India to host Investor meetings in the Gulf
Wednesday, August 20, 2008 : TWO investor meetings will be held in the Gulf region in November, under an Indian government initiative to help overseas Indians channelise NRI remittances into actual investments back in the country. The Overseas Indian Facilitation Centre (OIFC), a single window investment facilitation centre by the Ministry of Overseas Indian Affairs (MOIA), and the Confederation of Indian Industry (CII), would hold these two meetings in Dubai and Muscat, diplomatic sources said yesterday.

SEBI changes rules to increase NRI role in Investment
Tuesday, August 12, 2008 : The Securities & Exchange Board of India (Sebi) made amendments to the regulations regarding foreign institutional investors (FIIs). In a 16-page notification, Sebi has made amendments to clause 13 of the Sebi (Foreign Institutional Investors) Regulations, 1995. The amended regulations will be called the Sebi (FIIs) (Amendment) Regulations, 2008.

Ahmadabad is Hot Realty Market for NRIs
Tuesday, August 05, 2008 : In the midst of a general slow down in the Indian real estate market, TAIB Bank, a leading private bank based in Bahrain, has picked up a 26% stake in Anant Raj Projects for Rs 216 crore. The deal, one of the first Shari'ah-compliant transactions in the Indian real estate industry, puts the valuation of the subsidiary of New Delhi-based Anant Raj Industries (ARIL) at Rs 831 crore.

Bahrain's TAIB Bank shells out Rs 216 cr for 26% in Anant Raj
Thursday, July 24, 2008 : In the midst of a general slow down in the Indian real estate market, TAIB Bank, a leading private bank based in Bahrain, has picked up a 26% stake in Anant Raj Projects for Rs 216 crore. The deal, one of the first Shari'ah-compliant transactions in the Indian real estate industry, puts the valuation of the subsidiary of New Delhi-based Anant Raj Industries (ARIL) at Rs 831 crore.

Baby Donald Trump Launching an Indian Real Estate Fund
Wednesday, July 23, 2008 : The son of famed real estate developer and media personality Donald Trump will raise as much as $1 billion for the privately-held fund, Bloomberg News report. Analysts expect property prices in the subcontinent to drop by about 20%, creating opportunities for the hedge fund.

MOIA calls for more NRI Investments in Indian Economy
Thursday, October 04, 2007 : 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.

Sundaram BNP Widens Investment Horizon for NRIs in Doha
Wednesday, September 26, 2007 : Doha Bank has entered into an agreement with Sundaram BNP Paribas Assets Management Company Ltd for the distribution of the company's mutual fund schemes in Qatar.

Realty Firms Eye Capital Markets for Funds
Tuesday, September 25, 2007 : Vascon Engineers will dilute 10% or 35 lakh shares through an IPO by the end of the year, hoping to raise Rs.450 crore from the bourses. Merrill Lynch and Kotak Securities, the company's merchant bankers, are working on a price band of Rs.1,000 to Rs.1,300 per share with a face value of Rs.10/-

FII in Banks to Stay Within Prescribed Limits
Monday, September 10, 2007 : The Government has expressed its unwillingness to increase the foreign investment limit in banks, in spite of representations from public sector banks to raise the 20% ceiling.

Surge of Foreign Funds in Indian Real Estate Expected

Friday, September 07, 2007 : Promising returns of 25%, real estate india and infrastructure can expect further investments from foreign investors in the next few months. Recently, Plaza Centers NV announced a Rs.50 billion investment in India, while Dubai's Nakheel group committed USD 10 billion to Indian realty in a tie-up with DLF for residential projects in Tier I and II cities.

New Investment & Remittance Schemes Launched for NRIs in Gulf

Thursday, August 16, 2007 :US based Fidelity is an established name in international investment managing assets worth USD 280.7 billion. Fidelity offers investment products to individuals and institutional investors in major markets of the world, and has been functioning in the Middle East for the last 5 years.

Infrastructure fund launched by DBS Chola MF

Thursday, August 09, 2007 : This is a close-ended fund which would convert into an open-ended scheme on maturity after three-years. The funds would be invested in equity and equity related instruments that are associated with infrastructure activities in India.

Fresh Round of FDI Approvals

Tuesday, August 07, 2007 : A fresh round of approvals by the Foreign Investment Promotion Board had the Finance Minister P. Chidambaram approving 17 proposals of foreign direct investment.

DSP Merrill Lynch Gold Fund offers Good Prospects

Monday, August 06, 2007 : After the Securities Exchange Board of India revised its policy on capital outflow, allowing fund houses to invest upto USD 2 billion in overseas funds and securities, DSP Merrill Lynch has been the first to launch a feeder fund.

Sliding Stocks force Purvankara to revise Price Band

Monday, August 06, 2007 : The bear’s hug caught Puravankara off-guard last week, forcing the company to revise its price band for its IPO from Rs.500 –Rs.525 to Rs.400-Rs.450 per share.

HSBC MF, Kotak MF launch new fund schemes

Thursday, August 02, 2007 : HSBC Dynamic Fund, a new fund scheme launched by HSBC Mutual Fund aims at providing flexibility of moving investment portfolios to fixed income securities. Targeting investors with a higher risk appetite, the scheme promises a diversified portfolio, and will be available between August 3 and August 30.

HDIL Vs IVR Prime issue prices

Thursday, July 26, 2007 : It spelt good times for HDIL when the listing day ended on Tuesday. It ended at Rs 559.35, up by almost 12% over its issue price of Rs 500. Even as it saw a high of Rs 575.95 and a low of Rs 535 during the day at NSE, it managed to maintain Rs 11, 730.6 crore market capitalisation.

Govt. seeks FDI through Investment Windows

Wednesday, July 11, 2007 :The Government has chalked out an aggressive plan to woo foreign direct investment in India in order to realize its target of 9% growth in the 11th Plan. The Government is considering a joint venture with the private sector to establish investment promotion centres in India and 10 countries.

RBI restricts Issue of Hybrid Instruments under FDI

June 12, 2007 : The Reserve Bank of India issued fresh guidelines last week with respect to its Foreign Direct Investment (FDI) Policy.

Single cap for FDI, FII on the cards

June 07, 2007 : After much debate on the cap on foreign direct investment (FDI) and foreign institutional investors (FII), the Indian government is most likely to impose a composite limit on both, across all sectors.

Lock-in Period on NRI Investments in Real Estate Likely

June 06, 2007 : To further restrict foreign investment in Indian real estate, the Government is preparing to introduce a lock-in period for non resident Indians who invest in projects prior to an initial public offer.

23 FDI proposals meet Indian Government Approval

June 01, 2007 : Foreign Direct Investment (FDI) proposals worth Rs.418.33 crore were cleared by the Finance Ministry yesterday, based on the recommendations of the Foreign Investment Promotion Board (FIPB).

FDI Performance Report: Quantitative Improvement, states RBI

June 01, 2007 : Foreign direct investment to India during 2006-07 trebled over the last year, the RBI announced yesterday. FDI accounted for USD 17.1 billion of a total of USD 27.3 billion of capital inflows during the year.

NRI Investment in Kolkata Real Estate

May 15, 2007 : Inspite of the turmoil in Nandigram last month, West Bengal's real estate market is booming. This has been borne out by London-based REIT Asset Management's decision to invest in two mini-townships in Kolkata

NRI Investments Homing Down to Nagpur

May 14, 2007 : Realty brokers from Nagpur are hopping across the globe to sign property deals with NRIs eager to invest in real estate in the Orange city.

NRI Shashi Tharoor joins Dubai firm Promoting Foreign Investment in India

Friday, May 11, 2007 : Shashi Tharoor has taken up a new appointment as the Chairman of Afras Ventures, a company based in Dubai in quest of investment opportunities primarily in Kerala.

NRI and Foreign Investment Sought by Andhra CM

May 09, 2007: Successive governments in Andhra Pradesh have created favorable conditions for investment by multinationals and industrialists in the state.

RBI Likely To Review FDI and FII Sectoral Caps

May 04, 2007: The gap between foreign direct investment (FDI) and foreign institutional investors (FIIs) will soon be removed in non sensitive sectors of the economy, while sensitive sectors like telecom and real estate in India .

NRIs Pledge Investment in Education in Punjab

May 04, 2007:The education sector in Punjab will get a boost with committed NRIs offering to invest on a large scale in raising the standards of academic infrastructure in the state. . The Chief Minister welcomed the participation of the NRIs in the progress of the state.



 

 

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