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15-10-07
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Ansal Housing sets up sales office in New York
India's real estate developer Ansal Housing has set up a sales office in New York aiming to tap the Indian Americans wanting to invest in India's booming $15 billion real estate sector.
The North America associate office will serve as a conduit for attracting investments into Ansals residential as well as commercial real estate projects across India. It will also liaison with Ansal appointed brokers and agents in North America, targeting all geographical regions with a substantial Indian American presence. With India's real estate market returning record profits, Ansal said the timing is opportune for the company to focus on the sizeable Indian American market. Pointing out that the Indian government was encouraging non resident Indians (NRIs) to invest in properties, Ansal said the NRIs can invest in both residential and commercial properties in India. "There is also no restriction on the maximum number of properties that can be bought. NRIs get full support for the finance required for the purchase of the properties," he added. The Hindu |
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| ansal, housing, office, sales, sets, york |
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