iProperty.com India has announced a new section on its site is to be unveiled on March 31st, the NRI Spaces. This new section is going to offer audiences outside of India a host of property investment opportunities directly from top developers in the country.
NRI Spaces will showcase new projects from over 14 metro cities and 1372 sub-locations from India. A special editorial review of each property and comprehensive information will also be available.
The new section has been designed and structured to address investment opportunities in property, with display of price in currencies such as USD, AED, HKD, GBP and EUR.
Potential buyers can now reach developers directly, and in some cases receive special offers and discounts if they are non-resident Indians. iProperty.com India has also arranged special tie-ups with leading financial institutions and nationalised banks to offer home favourable loans to NRIs.
"Slowdown and uncertainty in the financial markets is finally having its consequences on the Indian economy. According to various institutional reports there has been a drop in property sale as compared to last year. Foreign currency appreciation against Indian Rupee has attracted Non Resident Indians to invest in India." Said Murli Ramkrishnan CMD - iProperty.com India.
According to iProperty.com India, the company has focused its efforts on the special NRI Spaces for quite some time now. "We understand that, with the current economic crisis continuing to trouble Indian Developers, real-estate community are looking for such products and services that suit their business strategy. Our aim is to help them find it. There is an estimate of over 30 million Indians living in various parts of the globe, out of which over 35% in the US, UK and Middle East, and those are our target audience." Concluded Ramskrishnan.