NRI Real Estate and Property Investment in India
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Developers Feel NRIs have the Best Investment Opportunities in Current Scenario
Saturday, December 13, 2008

Investing in properties is still the best form of investment in India, says a leading property developer. Property prices have dropped in Kerala and other states in recent months, said Hoysala Projects Private Limited (HPPL) chief operating officer Santhosh T Kuruvilla. "This is the best time to invest," he told the GDN. "For non-resident Indians (NRIs), investing in property is still the best and safest form of investment." Mr Kuruvilla is in Bahrain leading a team of sales executives to promote their company's projects in Cochin and Bangalore. HPPL started its operations in property development and construction 11 years ago in Bangalore. The company has 17 completed projects in Bangalore to its credit and has started its activities in Kerala last year with its base in Cochin.

"Within this short span of time HPPL has launched three projects in Cochin comprising more than 400 apartments and these were well received by the market," said Mr Kuruvilla. "The innovative concept of fully furnished air-conditioned apartments was introduced by HPPL to Kerala through Hoysala Nestor in the prime location opposite the collectorate at Kakkanadu, Cochin. "This concept was given a warm welcome by the NRI population." HPPL is now starting its operations in the Gulf by opening an office in Qatar, Mr Kuruvilla said. "We shall establish our presence in other Gulf countries, including Bahrain, shortly," he added. "HPPL team is now in Bahrain to interact with the Indian populace of this country and to create an awareness among them about the high return investment opportunities in Cochin, the financial capital of Kerala. "With the prestigious projects like Smart City, Infopark, Vallarpadam Container Terminal and Metro Rail, to name a few, Cochin is gearing to have a quantum leap in infrastructure and is going to be an investor's haven."



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