Saturday, October 13, 2007

Ansal Housing sets up a sales office in New York to tap the Indian Americans wanting to invest in India's booming $15 billion real estate market


NYC Night Panorama, originally uploaded by Кoлдун.

(The photo above is 8 individual HDRs stiched together. Must be seen large.)

With India's real estate market returning record profits, Karun Ansal, Vice President, Ansal Housing, said the timing is opportune for the company to focus on the sizeable Indian American market.

Investment in India :

Pointing out that the Indian Government is encouraging non-resident Indians (NRIs) to invest in properties, Ansal said, NRIs can invest in both residential and commercial properties in India.

"There is also no restriction on the maximum number of properties that can be bought. NRIs get full support for the finance required for the purchase of the properties,'' he added.

Office :

The North America associate office will serve as a conduit for attracting investments into Ansal's residential as well as commercial real estate projects across India, he said.

Agents :

It will also liaison with Ansal appointed brokers and agents in North America, targeting all geographical regions with a substantial Indian American presence.

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