Investment
Policy or Time to Rejoice for NRIs?
Thursday, November 30, 2006 :As a step
to attract investments from overseas investors, Indian Government
has come up with a liberal and transparent policy for Non Resident
Indians (
NRIs)
interested to make considerable investments in their motherland.
Majority of the sectors are open to
Foreign
Direct Investment (FDI) under the automatic route.
Real
Estate Forecast Still Strong!
Monday, November 27, 2006 :Recently
organized a survey over the real estate is forecasting a minor
decline in home sales for 2006, largely due to an increase in
interest rates. It's obvious that buyers are starting to gather
by the sidelines and homes sales should slide by about five percent.
But that's nothing to panic about, Evens continue, Keep in mind
that housing sales have reached new records every year for the
past five years. Also, home prices are still expected to rise.
Pravasi
Bhartiya Divas - 2007
Sunday, November 26, 2006 : The global
Indian family has its annual get together - the 5th
Pravasi Bharatiya Divas (PBD)
- Jan 7-9, 2007 in New Delhi. Around 2,000 non-resident
Indians (NRIs) and People of Indian Origin (PIOs) from over
70 countries attend this jamboree to hobnob with 1,200 Indian
delegates and renew their links with their motherland.
Guidlines
For Real Estate Funds to Launch Soon
Saturday, November 25, 2006 : The guidelines
for launch of real estate funds are likely to be issued
soon, said A P Kurian, chairman, Association of Mutual Funds in
India. We along with Securities and Exchange Board of India have
worked on several areas and we are expecting guidelines soon,
he said.
Foreign
Investors Eyeing Booming Realty Sector in India
Monday, November 20, 2006 : The study
-- Future of Real
Estate Investment in India -- projects that in 2006-07 the
total foreign direct investments into India would be about eight
billion dollars, of which the share of the real estate sector
is estimated at 26.5 per cent.
FDI’s
Share in Real Estate will Touch 26% by Mar ‘07
Monday, November 20, 2006 : FDI’s
share in domestic real estate market will shoot up by at least
10% by March 2007 and touch about 26% level from 16% of fiscal
2005-06, in view of growing interest of global real estate players
into Indian
real estate market and increasing demand of office space particularly
in IT & BPO, according to The Associated Chambers of Commerce
and Industry of India (ASSOCHAM).
New
Investment Avenues at Home for Overseas Keralites
Saturday, November 18, 2006 : The Kerala
Cabinet yesterday cleared the setting up of a company on the lines
of Cochin International Airport Ltd, a model public-private partnership,
to chanalise NRI remittances and investments. The state government
would pick up equity in the proposed Infrastructure Kerala Ltd
and remaining stakes would be open to private investors, mainly
non-resident Keralites
(NRK), Chief Minister V S Achuthanandan told reporters at the
post-Cabinet briefing here yesterday.
NRIs
Can Cash Out of Indian Real Estate
Saturday, November 18, 2006 : Non-resident
Indians with wealth stuck in real
estate in India have reason to rejoice. They can now
not only cash out on the property they hold in India but have
also been provided an incentive to invest in real estate.
NRIs:
Buying a Home in India Made Easy
Friday, November 17, 2006 : The Indian
Government has considerably eased the restrictions relating to
investments
by NRIs in house property. There is virtually no restriction
or approval required for an NRI to invest in properties in India
from funds received in India through normal banking channels or
held in Non-resident External (NRE)
account/ Foreign Currency Non-resident (FCNR)
account (B)/ Non-resident Ordinary (NRO)
rupee account.
RBI
Sounds Alarm on Tax Havens
Friday, November 17, 2006 : An internal
study by the Reserve Bank of India is understood to have found
out that most of the foreign exchange inflows into India from
non-resident Indians (NRIs)
HDFC
Debuts in United Kingdom
Wednesday, November 15, 2006 : Over
two lakhs Indians living in the United
Kingdom now can look forward to buying
property in India. Housing Development Finance
Corporation Limited (HDFC) today launched its operations
in London.
Standard
Chartered Bank Launches NRI Swagat Account
Tuesday, November 14, 2006 : Standard
Chartered Bank has launched NRI Swagat account,
a first of its kind customer proposition, which addresses the
specific banking requirements of the NRIs with their roots in
Kerala and Punjab, says a release. It comes in two variants -
one version is targeted at the NRIs/ PIOs
with origins in Kerala and the other at the NRIs with their roots
in Punjab.
NRI's:
Why Shy Away From Stocks?
Monday, November 13, 2006 : Either overseas
Indians are still unsure about the strength of their home country’s
economy or they’re tending to behave like speculators and
not investors. In any case, reports of NRIs jettisoning holdings
in the Indian stock markets are surprising. The Financial Express
recently reported that in September and October, NRIs were net
sellers at Rs8.77 crore and Rs7.31 crore, respectively.
Indian
Property Company to List in London
Monday, November 13, 2006 : Ishaan Real
Estate PLC, which starts its roadshow today, is essentially a
listed fund with an initial portfolio of eight property assets
that will be majority owned and developed by K Raheja Corp, one
of India’s leading real estate developers. K Raheja Corp,
which will also be a shareholder in the listing vehicle, is run
by the Raheja family which has been active in the country’s
real estate market for several decades.
Tax
Exemptions Must be Reviewed - FM
Friday, November 10, 2006 : In his next
budget Finance Minister P Chidambaram will seriously consider
phasing out large tax exemptions that are hurting the economy.
Now
You Can Invest $50,000 Abroad: RBI
Thurday, November 09, 2006 : The RBI
has announced that resident individuals would be allowed to remit
up to $50,000 per financial year (increased from $25,000) for
any current or capital account transactions or a combination of
both.
Private
Equity Investment in India Up 250 Per Cent in Financial Year 2006:
CNBC
Thursday, November 09, 2006 : Private
equity funds have invested about $6 billion so far this year-that
is 250 per cent more than last year and Indian companies have
made global acquisitions worth $15 billion, reports CNBC-TV18.
Diaspora
Pumped in $22 Billion Last Year: Report
Tuesday, November 07, 2006 : As recently
as a decade ago, overseas Indians were viewed either as cash cows
to be milked or as traitors who'd taken their highly subsidised
education and abandoned the motherland to get rich abroad, it
said in its forthcoming Nov 13 issue.
THE
NR EYE: Remitting property sale proceeds is now easier
Sunday, November 05, 2006 : A recent
Reserve Bank of India (RBI) announcement easing remittance of
property sale proceeds should come as a welcome gesture for non-resident
Indians (NRIs) wanting to gain from the current real
estate boom in India.
Have
NRIs missed the boat to a booming economy?
Saturday, 4 November, 2006 : "Have
I missed the boat as an NRI investor in India’s booming
economy?" was the first reaction of Manibhai Patel in London
as he confronted the news that Bombay Sensex had set a new record
at 13,000 points October 30.
Indian
Property Show aims to make dreams come true
Friday, 3 November, 2006 : Dubai:
Showcasing an estimated Dh17 billion worth of property from across
India, the Indian Property Show opened this week, bringing together
more than 80 real estate and financial agents from the sub-continent.
FDI
outflows will rise as India Inc’s M&A appetite grows:
Dua
Friday, November 03, 2006 : Impressed
by the ability of the Indian companies to make smart acquisitions
as well as turn around loss-making private and public companies
abroad, foreign institutions and overseas banks have increased
their lending to Indian companies for investment abroad.
