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Contribution Of NRIs To The Real Estate Boom

The real estate market in India is gettingreal  estate  market
hotter not only from within but also from
outside. If the local investors areThese are not just one-off reports that are
leveraging the higher trend of real estatemaking headlines in the India real estate.
rates from within, it is pressure from theRather, such investments are becoming a
Non Resident Indians (NRIs) and global marketroutine in the highly rated real estate boom
players that are determining the future ofin India. The NRI investment in India is
the  real  estate  boom  in  India.constantly on the upswing thanks to the
liberal investment policies of Indian
Malini Alles, a Silicon Valley billionairegovernments  at  the  Centre  and the States.
and social activist has launched Maia Fund, a
real estate $150m fund with a greenshoeThe technology boom is largely considered as
option of another $100m to invest in thea major contributing factor in the present
Indian property market. She also proposes toboom in the Indian real estate sector. The
chip  in  $10m  into  the  fund.tier I cities like Bangalore, Delhi, Mumbai
have registered a phenomenal growth in the
An entrepreneur from US, Raj Vakharia,past decade. This boom is slowly percolating
announced the launch of a private equityto the tier II and tier III cities like
fund, which will invest $250m worth of USChandigarh, Gurgaon, Pune, Hyderabad, Mysore.
institutional capital into India's booming



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