Currencies Direct, the London based organisation which offers international payment services and commercial foreign exchange, puts India as the 5th most favourite destination for overseas property investors.
Based on the quantum of foreign exchange transfers undertaken
by Currencies Direct every month to promising markets, India
has emerged as a property hot-spot along with Dubai, Thailand,
Turkey, the Czech Republic and Panama .
Surprisingly, India’s financial transactions being conducted in the English language add to its USP, and are welcomed by British investors who also find Indian banking and finance laws non-cumbersome and investor friendly.
A major chunk of transactions are conducted by NRI investors
or from persons of Indian origin (PIO). Senior executives at
Currencies Direct opine that India offers incredible potential
for long-term returns for NRI investors.
With the economy performing
above par at an average of 6% in the current decade, the growing
volumes of the middle class offer a platform for increased demand
and sustained growth.
