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