26 Jun '13, 10am

Indians turn savvy on overseas property

Jun 26, 2013 - PropertyGuru.com.sg Comment E-mail to friend Bookmark & Share More Indians are now keen to invest in overseas property, since the Reserve Bank of India (RBI) has increased the allowable money remittance abroad to US$200,000 (S$253,685) from US$50,000 (S$63,421) previously. According to Knight Frank, they now receive 20 enquiries monthly compared to only four in 2011. Buying interest has particularly increased in London, where Indians are now among the top 10 home buyers. “The slump in the market is special and investors should make use of such opportunities and try and purchase a property in overseas market,” noted Mona Jalota (pictured ), Head of International Project Marketing at Knight Frank India, urging buyers to grab the chance to invest in overseas property now. In a recent media interview, Jalota said, “Overseas property, stable markets like prime ce...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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