NRI News

Omaxe in talks to raise Rs 400 crore for Delhi project

Omaxe, in this public-private partnership (PPP) project with North MCD is developing a multi-level parking-cum-commercial centre in Delhi’s Chandni Chowk. Realty developer Omaxe is in advanced talks with private equity firms to raise over Rs 400 crore for its commercial project spread over 4.5 acres in Delhi’s Chandni Chowk, two persons familiar with the development said. Omaxe, in this public-private...

Dos And Don’ts For NRIs Investing In Indian Realty

Besides exercising necessary due diligence, NRIs also need to adhere to certain specific laws and regulations, while buying, selling, or renting out real estate in India The realty market in India has always seen considerable interest from the Indian diaspora, as an investment avenue. With developers constantly striving to woo non-resident Indians (NRIs), they can choose from a variety of options, in the...

Important Rules For NRIs Investing In Indian Real Estate

Non-resident Indians (NRIs) have been a significant segment of investors, in the Indian real estate market. NRIs generally buy properties in India for investment purposes or out of their emotional connection with their country and for settling back, once they retire. According to Amit Wadhwani, director of Sai Estate Consultants, India has emerged as a lucrative spot for international capital. “Overseas...

Goldman, Warburg eye $200 million stake in WeWork India

The Indian arm of co-working space giant WeWork, controlled by billionaire developer Jitu Virwani of Embassy Group, is talking to Goldman Sachs and Warburg Pincus, among others, to raise up to $200 million. With this, the local unit’s valuation is testing $1 billion, or the Unicorn tag, people directly aware of the matter said. Virwani and Embassy have the exclusive rights to operate WeWork in India...

Embassy Group To Launch REIT This Year To Raise Fund

Realty firm Embassy group plans to launch its real estate investment trust (REIT) this year to raise about USD 1 billion as part of its strategy to monetise rent-yielding commercial assets, sources said. Global investment firm Blackstone-backed Embassy Office Parks is likely to file the draft prospectus with market regulator Sebi by next month to launch the country's first REIT, they added. Its REIT is...

Top Office Leasing Destination For Chinese Companies

Delhi and National Capital Region (NCR) have emerged as the top draw for Chinese companies looking to lease office space outside of their home base. Chinese companies have leased more than half a million square feet of office space in Delhi-NCR in the past two years, real estate services firm JLL said in a report. Mumbai has seen around 85,537 sq ft of office space leased by Chinese companies during this...

NRIs should keep in mind these points while investing in Indian Property

NRIs can legally invest in Indian real estate. But they have to keep in mind fo0llowing points while investing. NRIs with a valid Indian passport can invest in the Indian realty market, though there are a few restrictions. NRIs with a valid Indian passport need no prior approval unless they are citizens of some neighboring countries like Pakistan, Bangladesh, Sri Lanka, Iran, Nepal, Bhutan, Afghanistan or...

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