Contribution Of NRIs To The Real Estate Boom

The real estate market in India is getting hotterThese are not just one-off reports that are
not only from within but also from outside. If themaking headlines in the India real estate. Rather,
local investors are leveraging the higher trend ofsuch investments are becoming a routine in the
real estate rates from within, it is pressure fromhighly rated real estate boom in India. The NRI
the Non Resident Indians (NRIs) and global marketinvestment in India is constantly on the upswing
players that are determining the future of the realthanks to the liberal investment policies of Indian
estate boom in India.governments at the Centre and the States.
Malini Alles, a Silicon Valley billionaire and socialThe technology boom is largely considered as a
activist has launched Maia Fund, a real estatemajor contributing factor in the present boom in
$150m fund with a greenshoe option of anotherthe Indian real estate sector. The tier I cities like
$100m to invest in the Indian property market.Bangalore, Delhi, Mumbai have registered a
She also proposes to chip in $10m into the fund.phenomenal growth in the past decade. This
An entrepreneur from US, Raj Vakharia,boom is slowly percolating to the tier II and tier
announced the launch of a private equity fund,III cities like Chandigarh, Gurgaon, Pune,
which will invest $250m worth of US institutionalHyderabad, Mysore.
capital into India's booming real estate market