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Dubai Real Estate company to function in Indian Metros

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It is reported by the source at the www.propertykhazana.com that, Sherwood’s Independent Property Consultants is planning to launch an office in New Delhi, as investor desire grows among flaw of 4 million housing units in the Indian capital. Dubai based realty has three offices in UAE and also a burly existence in Europe and it expects New Delhi will have a floating residential market with rising demand between the growth of middle class as India’s economy crashes. Sherwood predicted that there is a lack of supply around 4 Million residences in the capital. Chief Executive Officer of the firm said to www.propertykhazana.com that, “Company is aiming on all metropolitan cities in India, comprising New Delhi, Chennai, Bengaluru, Kolkata and Mumbai and also Tier II, even developed cities like Pune, Gurgaon, Chandigarh, Noida and Hyderabad.” It also displayed a sign of revival from the global crisis; interest rates in India have dropped from 12% to 9.50% by making mortgages inexpensive, he added.
Indian economy is expected to grow at 7% approx. in the present FY under the new investment plans, economic organization Centre for Monitoring Indian Economy (CMIE) reports said. CEO of the Sherwood’s said to www.propertykhazana.com that, “We think this is very good time for the realty investments, because India is specifying burly signs of revival and good chances in the mid to long-term range. India’s resiliency is of similar plan, as growth has ranked in other main global markets, putting India in the focus as a new main destination for realty investors.” For more updates on realty market browse www.propertykhazana.com.

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