NRI Real Estate and Property Investment in India
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April 2007

Employment Rules for NRIs in Media Relaxed

Monday, April 30, 2007:The norms for having non-resident Indians on the roll-call of newspapers and news and current affairs publications registered under Section 4A of the Companies Act have been slightly relaxed by the Ministry of Information and Broadcasting.

NRI Property Investments Put India on Emerging Markets Map

Monday, April 30, 2007:Currencies Direct, the London based organisation which offers international payment services and commercial foreign exchange, puts India as the 5th most favourite destination for overseas property investors.

NRIs Strike It Rich - Mittal Leads Again in UK

Monday, April 30, 2007:Lakshmi Mittal, amongst India’s most celebrated NRIs, retained his number one slot in UK’s annual rich list, for the 3rd consecutive year. His personal wealth went up by 29% after the historic deal he struck with Arcelor SA in 2006.

Encouraging Monetary Moves to Revive NRI Investments

Friday, April 27, 2007:Experts are expecting a slew of measures to control inflation further and the steps taken by the RBI so far have improved market sentiment to a large extent.

NRI Students in Distress

Friday, April 27, 2007: Are Indian students abroad being discriminated against? Embittered by the motives of the powers–that-be at the Central Queensland University in Melbourne, international students, largely Indian, took to protests last month.

NRI Wealth and Indian Economy - Both Touch $1 Trillion Mark

Friday, April 27, 2007: From under USD 500 billion in 2000-01, India has joined the ranks of the world’s top 10 economic powerhouses with a trillion dollar economy.

H-1B Visas Readily Available

Thursday, April 26, 2007: H-1Bvisas issued by the United States Citizenship and Immigration Services permit foreign born professionals to work legally in the US for a maximum of 6 years.

Indian Realty hails RBI Move on Risk Weightage

Thursday, April 26, 2007: Real estate stocks of major players Ansals, Mahindra Gesco, Parsvnath, Sobha and DS Kulkarni moved up by 4 to 9% in response to the RBI’s decision to ease the risk weightage .

NRI Mittal Strikes Ist Oil Deal

Thursday, April 26, 2007: Steel magnate Lakshmi Mittal’s buyout of 50% in Lukoil’s stake in a Kazakhstan oil company for USD 980 million (Rs. 4000 crore) is a significant acquisition made by an NRI investment abroad.

Check out Inflation Control Measures by RBI

Wednesday, April 25, 2007: The Reserve Bank of India (RBI) does not bring any changes in its key signaling rates in its annual policy statement for 2007-08. The apex bank seems to pave the way for more foreign exchange outflows and restricts the inflow to cut inflation.

Increasing NRI Deposits in Kerala Banks

Tuesday, April 24, 2007: For the past one year, Kerala banks have been witnessing a marked increase in NRI deposits, which is estimated to have grown from Rs. 288 billion in December 2005 to Rs. 329 billion, constituting 38.42% of all deposits in Kerala banks.

RIRIC to Invest $1 bn in Indian Real Estate

Tuesday, April 24, 2007: US based Royal Indian Raj International Corporation is drawing plans to invest a whopping $1 billion in the construction of integrated townships, multiple, private, planned cities in India.

Mauritius to celebrate 'Bihar Day' in June

Monday, April 23, 2007: Bihar and Mauritius share a number of similarities. Showing gratitude regarding the outstanding contributions made by Biharis to build the nation, Mauritius is soon to observe a ‘Bihar Day’.

Seminar to Address Foreign Investment in India

Monday, April 23, 2007: A seminar shedding a considerable light on significant topics like NRI investments, investments by NRIs and foreign players etc. had recently been organized by the Northern India Regional Council of Institute of Chartered Accountants of India.

Global Property Funds Bullish on Indian Realty

Monday, April 23, 2007: A significant drop can be apparently seen in property prices which is further a consequence of falling demand. Also, the bank finance is drying up and the market for real estate IPOs seem to have lost its potential.

Punjabi NRIs Pushing Developments Across Punjab

Friday, April 20, 2007: A number of villages across Punjab are receiving economic contributions from NRIs. Indeed, the developments brought by these people are really admirable.

Kerala to Scout Investors in Middle East

Friday, April 20, 2007: Kerala plans to visit Middle East next month to se arch for prospective investors who can help estab lish industries in the state.

Chhaabrias Poised for Re-Entry into India

Friday, April 20, 2007: UAE based Chhaabrias group of The Jumbo Group has decided to take the retail route to re-carve a substantial presence in Indian business market.

Passports Issued to the Family of G V Loganathan

Thursday, April 19, 2007: The family of Indian professor G.V. Loganathan, who was among the 33 killed in a gory shooting spree at Virginia Tech University campus, has been issued the passports and visas for their US visit to attend his funeral rites.

UAE Denies revaluating the Currency unilaterally

The value of dollar is constantly falling against Euro and most currencies in Asia. Although, the Gulf countries will meet to decide whether to ..

Indian Real Estate stocks leading Asia Pacific list

No country in the last couple of years in the Asia Pacific region has witnessed such an amazing growth in real estate stocks as it has been shown by INDIA.

RBI Turns to Banks to Control Inflation

Tuesday, April 17, 2007: The death of Devang Rawal, who was killed by a mob during a protest over an Indian firm’s plans to slash about a third of Mabira Forest Reserve, have frightened the Indians in the Ugandan capital...

Uganda Criticizes Assaults on Indians

Tuesday, April 17, 2007: The death of Devang Rawal, who was killed by a mob during a protest over an Indian firm’s plans to slash about a third of Mabira Forest Reserve, have frightened the Indians in the Ugandan capital...

Real Estate Boom Reaches Jalandhar

Monday, April 16, 2007: Jalandhar real estate has got a booster dose with the ongoing construction activities, which are taking place at a hectic pace. The market in Jalandhar is offering a large scope for property developers to develop a substantial presence for themselves.

UAE Firms Jostling Hard to Carve Niche in Indian Real Estate

Indian real estate is no doubt attracting large interests, especially from United Arab Emirates (UAE). In one of the real estate fairs held in the Capital, eight UAE based property developers display their properties and also checked several investment options.

RIJIC to Foray into India's Hospitality Sector

A Vancouver based company, Royal Indian Raj International Corporation (RIJIC), is all set to make a whopping $4 billion on creating 15,000 budget hotel rooms across India.

Wealthy Indians Investing in UK Properties

Indians are making large investments in high end property in London and outside it as well. A multitude of Indian companies are establishing offices in London to make hard cash on its geographical and financial advantages.

Need to Reconsider FII Norms in Real Estate

The RBI has shown great anxiety over volatility of short term capital inflows. The move comes as a response to the ongoing debate on foreign investment in Indian property market.

NRIs Being Bullish on Indian Stock Market

There is a definite surge of NRI investments in Indian stock market. At times, they may get worried; each time the Indian stock indices take a plunge. However, this is a common scenario for them.

Hindus Demand to Allow Open Air Cremation in UK

The Hindu community in UK has got the right to seek a judicial review of a city council’s refusal to allow open air cremation. The move may get community the rights to stage outdoor cremation on funeral pyre.

JB Group to Build 20 Hotels in India

With an aim to carve out a substantial niche in Indian real estate, Hong Kong based $2 billion JB Group plans to establish around 20 hotels and shopping arcades in the country over the next three years.

NRI to Take Over as President of RIBA

A leading NRI, Sunand Prasad, is going to be the next head of the prestigious Royal Institute of British Architects. Mr. Prasad would be the first Asian to accomplish the distinction.

White House Immigration Draft Provoke Criticism

According to a newly proposed immigration draft by White House, the legal immigrants in the United States will not be allowed to sponsor their relatives to join them in the country.

Trading to be easier for NRIs in Bahrain

Bahrain Based Non Resident Indians (NRIs) will not need intervention of any middle man to manage their investments in Indian markets.

Increasing Interest Rate Brings a Time to Rejoice for NRIs

In an effort to control the surging inflation, the Reserve bank of India (RBI) increased the interest rates. This created a tense situation for the Indian Stock Market as it plummeted by over 600 points.

Penthouses: An Architectural Undertaking for NRIs in Ludhiana

Ludhiana, a known city in Punjab is zooming away in the wake of growing construction activities and increasing real estate developers. The city is seeing money rolling in from a number of builders including the prominent names like DLF, Aerens and Omaxe.

India to Write Britain to Treat NRI Docs Fairly

India has decided to take up NRI Doctors issue with Britain. Also, the country has promised to provide all the possible help in finding appropriate jobs to the medicos who could be affected by the new immigration rules.

Asian Real Estate Show to be Held in April 2007

Al Fajer Information and services, a leading organizer of international exhibitions in Dubai, is soon coming up with Asia’s First Real Estate show.

NRIs have rights on Right to Information Act

Indian Missions Overseas would have to comply with the provisions mentioned in Right to Information Act, says the Central Information Commission (CIC).

Mumbai on Track to be a Global Financial Hub

The commercial capital of India, Mumbai, is on its way to become a truly global financial hub by 2020. Work is in progress to improve infrastructure of the entire city.

PEs to Fund Construction Companies

Private Equity is expected to take over from equity and debt as one of the most sought after avenues to raise funds for construction companies against fluctuating equity market conditions and increasing interest rates.

Bank of Baroda Cuts Down FCNR (B), NRE Rates

Bank of Baroda cuts down its interest rates on dollar and rupee dominated NRI deposits from March 03, 2007.

India to Offer Higher Studies to Indian Diaspora

The cabinet minister’s nod to establish a special university for Non-Resident Indians (NRIs) and Persons of Indian Origin (PIOs) has brought a great solace for Indian Diaspora.

India to Sign Labor Pact with Gulf Nations

India is all prepared to sign a labour pact with Kuwait after the Minister for Overseas Indian Affairs Vayalar Ravi will pay a visit to the country from April 8.

Basdeo Panday Plans to Return to the Red House

Trinidad & Tobago’s High Court is pondering over whether to allow the country’s former Indian origin prime minister Basedo Panday to take up his duties as MP again.

UK Realtor to Invest £250 mn in Indian Real Estate

A UK based real estate developer is planning to make an investment of 250 million pounds in India’s fast flourishing property market over the next five years.

Luxury Malls - the Latest Trend of Shopping in India!

Shopping enthusiasts will experience a complete new experience in India according to their fine taste of the good life. Thanks to the luxury malls that have lined up to come up soon in the country.

Service Sector Pushing Remittances in India

An increase in remittances in India has helped the country to reduce its current account deficit for the third quarter of 2007. Current account measures the quantum of both trade and services that India has with the other countries.

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