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NRIs encouraging and investing on the Indian real estate

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The claimed sources say at the www.popertykhazana.com that most of the NRI’s are now on eager investing in the Indian real estate preferably at their home towns, where their close aides shall have the possibility to supervise the scenario. It is further reported that, when the boom was on the peak during the years 2006 and 07 many Non-Resident Indians eyed the realty market, which turned to be a boom for the investors yielding with high returns in short period.
In fact, there was a boom of course NRI’s didn’t trust the commercial realty and were keen only towards the residential real estate and made all their investments in the residential sector. If the revealed sources to the www.propertykhazana.com are to be believed then a whooping USD 600 Million was invested in the realty from the overseas investors during the beginning of the year 2007.
Moreover, the NRI investments were mainly targeting the tier-2 cities rather then the metro and state capitals like Coimbatore, Agra, Baroda, Surat, Jaipur, Vizag, Vijayawada, Tirupathi and Mysore and so on. On the other side the syndicates were successful in convincing the NRI’s also to invest in commercial and hospitality ventures. The source also said the www.propertykhazana.com that all the funds to India were via Mauritius to get the tax benefits. Certain amendments made the NRI’s to invest without any fear and limit and most of the investments yielded about 50% returns.
Source: NIMMA BENGALURU

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