Indiabulls Exits Real Estate Market

Indiabulls exits real estate market

Indiabulls group has announced its intent to merge with Lakshmi Vilas Bank, a Tamil Nadu based private bank which is the fourth largest housing finance company in India. Indiabulls was incorporated in 2006 with the primary aim to focus on construction and development of residential, commercial and special economic zones in various metros. Why it plans to exit? Over the last 1 year, the company was streamlining its real estate by exiting residential projects in Chennai. It was experiencing a prolonged slump in the real estate sector. Over the years, its real estate business has dropped to less than 20%…

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Reasons For Soaring NRI Realty Investment In India

Reasons for soaring NRI realty investment in India

Real Estate is considered as the most favorite asset and investment opportunity for NRIs. Many market studies have predicted high returns and price appreciation. Rising Demand for Affordable and mid-segment projects The rise in demand for affordable and mid-segment projects due to easy affordability, lesser risk, better rental returns have made real estate investment a priority amongst the best NRI investment options. Post the demonetization of 2016, NRIs also have gained an advantage in the luxury property market in India. Gradual price appreciation in key markets like Mumbai where a lot of infrastructures is rising is turning beneficial for booming…

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