Indian foreign investors top UAE realty market
PTI Indians have emerged the top foreign property investors in Dubai, spending over $3.2 billion last year alone, according to the Dubai Land Department. The total real estate investments last year reached Dh91 billion ($2.4bn) from 55,928 investors and Indians were ranked highest in terms of both volume and value among foreign investors with Dh12 billion ($3.2 bn) worth of property transactions from 6,263 buyers. In an effort to attract more investments from Indians, the 13th edition of the International Property Show will be held from April 2-4 this year. "The UAE's safe haven status, stable economic growth and bottomed out prices have been the key factors for attracting Indian realty investments in Dubai. In addition, many Indians find Dubai as ...
Real estate industry sees FDI to go up 15% after ease of rules
Sai Nikesh | The Dollar Business India’s real estate industry is expecting more than 15% increase in the inflow of capital from overseas annually after the government eased Foreign Direct Investment (FDI) norms, a survey has said. “While about 55% felt that there will be more than 15% annual increase in FDI flow into realty sector, 23% felt the increase to be in the range of 10-15% and 22% felt that increase will be less than 10% annually from here on,” said the survey report “Impact of FDI Reforms on Indian Real Estate Sector," conducted by the Federation of Indian Chamber of Commerce and Industry (FICCI). According to the Department of Industrial Policy and Promotion (DIPP), FDI inflow into construction ...
India to witness more Foreign Direct Invesment inflows into the realty sector
| The Dollar Business “The recent move by the Indian Government like reduction in the number of documents for imports and exports and continued focus on ‘ease of doing business’ will augur well for the inflow of FDI (Foreign Direct Investment) into the Indian real estate,” said C Shekar Reddy, National President, The Confederation of Real Estate Developers Associations of India. Speaking to The Dollar Business, Reddy said the PPP (Public Private Partnership) model followed by the Government and its intention to generate Rs 70,000 crore through infrastructure bonds will attract FDI too and the industry might see the investments surge up to $7.5 billion for the year 2015, against $5 billion in 2014. For 2014, the percentage ratio ...
