| After a long time,
India is again hot property for NRIs. It is estimated
that over 20-25% of all properties worth over Rs
1crore are bought or funded by NRIs. NRI investment
is doubled in the last couple of years due to more
relaxed rules adopted by the government.
Anju Puri MD of Trammel Crow Meghraj says, over
50% of the NRIs, both in Dubai and London seek
housing loans, which are now available on easy
terms.
Agrees Aanjay Chandra MD of Unitech Group, “Availability
of loans at attractively lower rates is the abundant
choice in different parts of the country and revised
government policies are luring more over seas
Indians.” … |
