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Enthusiastic attitude of Gulf investors who had to invest in Indian real estate

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The real estate at India had become more important as it became a platform and it motivated international investors for the investments. Apart from this many other benefits were provided like high yielding returns, tax structuring and increased security for the welfare of the investors.
As per the sources available to the www.propertykhazana.com the Gulf companies had deviated their investments into the Indian property other than their investments were being made in other companies like Global Asia real estate, Dubai properties, Signature group and the Palmon group.
In order to make use of the fund in growing real estate market, the fund which was created with the reserve amount of US$75 million was closed by the Global Asia Real Estate Fund and the assets which lost its value were also on the same line i.e., sailing in the same boat.
The Palmon group of UAE (United Arab Emirates) had recently raised 39 crores for the expansion of Mumbai’s BSEL Tech Park as it had keen on making an investment in growing Indian real estate.
As the company planned to accept in developing the important cities like Gujarat and Maharashtra as it had got a contract for the establishment of shopping malls at Nagpur for a consideration of 546 crores.
In order to make the funds of real estate useful it was invested at UAE and at India by the Signature group which was basically of Dubai origin was liquidated. These funds were further invested in Dubai International Financial Exchange in the year 2007.The other corporations like Dubai Properties was having investments in other projects but the projects weren’t approved.
Source: NIMMA BENGALURU

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