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NRIs Wary of Investing In Indian Realty Market

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NRIs Wary of Investing In Indian Realty Market

Last updated: February 8 2011
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  • NRIs Wary of Investing In Indian Realty Market

    NRIs Become Cautious About Investing In Realty
    Non-resident Indians (NRIs) and people of Indian origin (PIO) investing in premium real estate projects have become cautious and are doing a thorough check before investing, say senior executives in real estate firms. "The mood is to verify and ensure it is a good property, land and approvals are in place, the location is good, and the project conforms to the master plan," said Mr Kunal Banerji, president, M3M India. According to Mr Niranjan Hiranandani, chairman, Hiranandani Group, there’s a resurgence of NRI investment in India as opportunities have dried up in West Asia. “NRIs are more interested today; enquiries and conversions from them have gone up," he said. But there’s a difference. "Earlier, the NRI investor was euphoric – they would cut a cheque, thinking how much one would earn in three months. That exuberance is gone. Today, the NRI investor is taking a medium to long-term call on the property," said Mr Ashish Jerath, vice-president (sales), Emaar MGF. Now, the NRI investor has a two-three year investment horizon, not less. Therefore, he’s more concerned about the record of the builder, the location, and the project, realising only a good property would survive a shock, say experts
  • #2

    #2

    Re : NRIs Wary of Investing In Indian Realty Market

    the headlines sounds alarming but conveys a different positive viewpoint...

    " there’s a resurgence of NRI investment in India" and "NRIs are more interested today; enquiries and conversions from them have gone up,"
    and its a good thing if the due diligence is being done....


    Originally posted by amit001 View Post
    NRIs Become Cautious About Investing In Realty
    Non-resident Indians (NRIs) and people of Indian origin (PIO) investing in premium real estate projects have become cautious and are doing a thorough check before investing, say senior executives in real estate firms. "The mood is to verify and ensure it is a good property, land and approvals are in place, the location is good, and the project conforms to the master plan," said Mr Kunal Banerji, president, M3M India. According to Mr Niranjan Hiranandani, chairman, Hiranandani Group, have dried up in West Asia. “ he said. But there’s a difference. "Earlier, the NRI investor was euphoric – they would cut a cheque, thinking how much one would earn in three months. That exuberance is gone. Today, the NRI investor is taking a medium to long-term call on the property," said Mr Ashish Jerath, vice-president (sales), Emaar MGF. Now, the NRI investor has a two-three year investment horizon, not less. Therefore, he’s more concerned about the record of the builder, the location, and the project, realising only a good property would survive a shock, say experts

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    • #3

      #3

      Re : NRIs Wary of Investing In Indian Realty Market

      Originally posted by AmitMM View Post
      the headlines sounds alarming but conveys a different positive viewpoint...
      agree, the header should have been framed diffrently

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      • #4

        #4

        Re : NRIs Wary of Investing In Indian Realty Market

        Its very old post , the essence of this is that NRI's are other investors are more aware of what to look for in a project and are well informed!!!

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