Indians Third Biggest Investor in US Property Market: Brokerage
Jan 29, 2016
Source : NDTV PROFIT

 

New Delhi: Indians are the third biggest international investor community in the US realty market, global brokerage Sotheby's International Realty said.

Indians had invested around $8 billion last year in US property market, the US-based brokerage said.
Canadians and Chinese buyers topped the list of foreign nationals in terms of investment in US property market.

"I think and I believe Indians who live in the US are one of the largest group of millionaires in the America... they are already there and therefore they are investing in real estate," Sotheby's International Realty president and CEO Philip A White told Press Trust of India.

Sotheby's International Realty in August 2014 had signed an agreement with Indian firm RealPro Infra Pvt Ltd and established its Indian arm under the name North India Sotheby's International Realty, which caters to the luxury real estate demands of resident and global Indians.

Sharing the details of Indians' investment in the US, North India Sotheby's International Realty founder and president Ashwin Chadha said, "After Canadians and Chinese, Indians are third largest international community in US in terms of real estate investment and had invested around $8 billion last year."

Talking about the Indian market for the global brokerage firm, White said they are optimistic about Indian luxury real estate market and have huge expectations. India as a country has huge potential to be the top nation in terms of business for us and it may take few years to get there, he added.

"Indians searching property globally, I think we all know Indians put big premium on real estate as a tangible asset to protect from inflation or number of things. So I think they keep on looking at the opportunities," Mr White added.

Further elaborating about the brokerage firm's domestic operations so far, North India Sotheby's International Realty founder and CEO Amit Goyal said they have already tied up with some established players in the sector including Tata Housing, Sobha and Max Group's Antara Housing.

According to US-based National Association of Realtors data, Indians had spent $5.8 billion in fiscal 2014 to purchase real estate in that country. China topped the list of foreign nationals with $22 billion in realty for the one year period ended March 2014.

Latest Realty News

Realtors-see-business-opportunity-from-Smart-City-projects-
Jan 29, 2016
NEW DELHI: Realtors' body CREDAI today hailed the selection of first 20 cities for 'Smart City' programme, saying the initiative would provide great opportunity for the real estate development, particularly in the affordable home segment, with improvement in infrastructure of these towns.
How-to-maximise-returns-from-commercial-realty
Jan 27, 2016
With over 70% of investors expecting improvement in sales over the next 12 months, the Indian realty market may be heading towards a revival in 2016, a research report by property consultant JLL India and Royal Institute of Chartered Surveyors (RICS) says. And surprisingly, Bengaluru has pipped the Natonal Capital Region to become the second preferred investment destination for the investors after Mumbai. But the positive sentiment is driven by rising demand for commercial realty, not for reside
Net-Office-Space-Leasing-Drops-44%-in-Delhi-NCR-During-2015
Jan 27, 2016
New Delhi: Net office space absorption fell sharply by 44 per cent in Delhi-NCR during last year to 3.83 million sq ft as leasing transactions largely pertained to relocation, consolidation and renewals of spaces.
Godrej-Properties-enters-Noida,-ties-up-with-Lotus-Greens-
Jan 25, 2016
NEW DELHI: Godrej Properties has signed a development management agreement with NCR-based builder Lotus Greens to build a housing project on 36 acre land parcel in sector 150 of Noida. This is its first foray into the Noida market.
Why-housing-prices-have-dipped-on-Noida-Expressway-
Jan 23, 2016
Radiating out from Delhi into the National Capital Region are two expressways. The one in the east runs 22 km through Noida and Greater Noida. The other in the south stretches for 18 km between Dwarka and Kherki Daula. On either side of both these expressways are vast expanses that have been opened up for development by realtors.
Realty-sales,-PE-investments-to-improve-in-2016:-Survey-
Jan 22, 2016
MUMBAI: The real estate sector is likely to see improvement in sales and equity deals in 2016 as the economy shows signs of revival on the back of various policy decisions taken by the government, a report said.
How-delayed-delivery-costs-customers-buying-homes-on-loans-
Jan 20, 2016
2016 may be a good year to buy a home. Property prices have remained stagnant for almost a year. While the quoted inventory prices may not have changed, better deals are available in terms of spot discounts, flexible payment plans and freebies across most major residential markets. So, this may be the best time to haggle hard and book a property. "Right now, buyers can get up to 20% additional values in the form of freebies and discounts," says Muddasir Zaidi, national director, residential, Kni
Property-Prices-Soften-by-1%-in-Delhi-NCR:-Report
Jan 20, 2016
New Delhi: Property prices fell by an average one per cent in the Delhi-NCR during October-December period compared with the previous quarter on higher supply, according to a report by property portal 99acres.com.
Following-SC-observation,-real-estate-companies-say-building-plans-approved-only-after-environment-c...
Jan 18, 2016
NEW DELHI | MUMBAI | BENGALURU: Real estate companies in top metros have said that local government bodies approve building plans only after the project has been granted environment clearance. This follows the Supreme Court's Friday observation that housing projects must get environment clearance before work can start.
Govt-confident-of-getting-real-estate-bill-passed-in-budget-session
Jan 18, 2016
NEW DELHI: With lakhs of home buyers being exploited by private builders and developers, the government plans to bring the real estate bill to Parliament in the first half of the budget session and is confident of its passage.

Latest Realty News Of State

Realty Talk's