Greenfield City is committed to providing safe investment opportunities for the NRI community and ensuring they stay connected to the homeland.
Leveraging the Boom in Real Estate
The Indian real estate sector has witnessed a revolution, driven by the booming economy, favourable demographics and liberalised foreign direct investment (FDI) regime. It has emerged as one of the most appealing investment areas for domestic as well as foreign investors. As incomes grow, and retail makes inroads, shopping malls and multiplexes, luxury and budget hotels, resorts and serviced apartments, residential townships and condominiums, IT Parks and Special Economic Zones are not the exclusive preserve of Tier I cities like Delhi, Mumbai, Bangalore, Hyderabad and Chennai anymore.
Inviting Global Attention
As the Indian Government allowed the foreign direct investment in real estate, host of investors have shown confidence in the enormous potential of the real estate market in India. The global real-estate consulting group Knight Frank has ranked India 5th in the list of 30 emerging retail markets and predicted an impressive 20 per cent growth rate for the organized retail segment by 2010. Supported by infrastructure development, contemporary architecture and state-of-the art facilities in aesthetically designed environs, India's real estate has much to offer to the NRIs.
NRI Investment in Real Estate
All persons residing outside India holding Indian passports and also people of Indian origin have been granted permission by the Reserve Bank of India (RBI) to invest in both residential and commercial properties in India. To an NRI, a base in the homeland also brings with it a sense of security. The number of NRIs who are investing in property for sentimental reasons and for better investment returns is quickly multiplying. The NRI investor can raise finances from financial institutions to purchase a property. Banks and other financial institutions in India are facilitating the NRI investment in property quickly and efficiently.
Future Ahead With the economy surging ahead, the demand for all segments of the real estate sector is likely to continue to grow. The Indian real estate industry is likely to grow from US$ 12 billion in 2005 to US$ 90 billion in by 2015. Given the boom in residential housing, IT, ITeS, organised retail and hospitality industries, this industry is likely to see increased investment activity. Foreign direct investment alone might see a close to six-fold jump to US$ 30 billion over the next 10 years. And that makes India a haven for NRI investments (source: indiaground.com).