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Record Investment Made Into India's Property Sector

India is currently suffering from a deficitwill be released Autumn 2005 and feature a
of between 80 – 100 million housingvariety of Mediterranean styled homes for
units and the country's government havefreehold  purchase.
realised that foreign direct investment into
the property sector is key to solving thisThe initial one billion dollar investment may
strategic issue and to further boosting thewell be record FDI for the real estate sector
country's growing economy over the longerin India but it heralds merely the start of
term.Royal Indian Raj International Corporation's
commitment. Royal Garden Marina City and
Having identified this fundamental fact, theFinancial Harbor are the next two projects on
government have issued brand new legislationline to be developed in Mumbai which is
to liberalise the laws of FDI with regard toIndia's financial capital. Over sixteen
the property sector in India and immediatelybillion dollars of investment will be raised
the Indian real estate market has embraced ato develop the projects which will cover over
record amount of overseas investment whichfive thousand acres of prime real estate in
has been committed by US based investors toMumbai.
new housing projects in the cities of
Bangalore,  Mumbai,  Kolkata  and  New Delhi.Royal Garden City in New Delhi and Royal
Garden City in Kolkata will follow with
The housing market in India is alreadyproject start dates targeted to commence on
oversubscribed – demand exceeds supplyschedule in the Summer of 2006, and in total
as stated – and the divide is growingthe company have committed to the Indian real
by up to 34% a year. There is therefore roomestate market for the next ten years during
for substantial growth and impressive profitswhich time they will aim to create 10,000 new
and returns and these facts have beendirect jobs and 40,000 new indirect jobs in
identified by Nevada based Royal Indian RajIndia.
International Corporation who have teamed up
with the New York based investment bankingThis overseas investment commitment is
company Greenwich Group International tounderstood to have been built off the back of
jointly announce a one billion US dollarthe overall strengthening of the Indian
initial investment into India's propertyeconomy, the rise in personal wealth levels
sector.being enjoyed by many Indian citizens and the
associated rise in consumer spending,
The initial project being undertaken by thetogether with the improvements being made in
conglomerate is Royal Garden Villas, alocal lending facilities and of course the
seventeen acre residential development on thegrowing demand for housing units that cannot
outskirts of Bangalore and just 25km awaybe met by local constructors in the short to
from the brand new Bangalore Internationalmedium term.
Airport. The first phase of villa development



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