Global Realtors Woo Buyers from India

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Biz expansion, stable capital appreciation, efficient taxation, high rental yields key factors

New Delhi: Property developers from the US, London, Thailand, Dubai, and Cyprus are wooing real estate buyers from India who are fast emerging as the biggest investors in some of these countries, ac-cording to experts.

While residential property sales in India are set to reach a decadal high in 2023, Indians have also turned to be among the biggest investors in some countries as well. Indians are already the biggest real estate investors in Dubai and have become the fastest growing overseas community in Cyprus to acquire residency permits through property investments.

“Business expansion, stable capital appreciation, currency diversification, efficient taxation and at- tractive rental yield, coupled with the aspirational quality of life and residency via investment in real estate prompt wealthy Indians to diversify their property holdings abroad,” said Akash Puri, director -international, India Sotheby’s International Realty.

According to recent reports, Indians surpassed the British to become the leading investors in the Du- bai real estate market in the third quarter of 2023. In fact, Indians were the top homebuyers in Dubai, investing over 35,000 crore in property in the emirate last year.

“Dubai has become a preferred destination for the global com- munity and Indians are a substantial chunk of the total buyer. The rental yield is also much higher here than any other part of the world. The prices are also continuously on the rise making it the right time to invest,” said Rizwan Sajan, chairman and founder, Danube Group. Danube Properties launched 25.

Indians are among the biggest investors in some nations

residential projects since 2014 and a quarter of its buyers are Indian. With growing investment demands from Indians, Danube Properties aims to conduct roadshows and organise exhibitions across five Indian cities, including Delhi NCR, Mumbai, Pune, Hyderabad, and Chennai.

As European Union nations phase out their golden visa programmes or tighten real estate investment rules for citizenship seekers, wealthy Indians looking to invest overseas are looking at Cyprus for investment opportunities.

“Cyprus is an untapped market for Indians. Easy life and safe environment are the preferred choice for those looking for a third ho- me. In recent years, we have seen a rise in preference towards Cyprus for the Hollywood and Bollywood A-listers,” said Pantelis Leptos, co-president, Leptos Group of Companies.

Leptos Group, a 63-year-old company, currently operates in over 75 countries and has a port- folio of over 350 completed pro- jects. The group has an extensive

residential projects since 2014 and a quarter of its buyers are Indian. With growing investment demands from Indians, Danube Properties aims to conduct roadshows and organize exhibitions across five Indian cities, including Delhi NCR, Mumbai, Pune, Hyderabad, and Chennai.

As European Union nations phase out their golden visa programmes or tighten real estate investment rules for citizenship seekers, wealthy Indians looking to invest overseas are looking at Cyprus for investment opportunities.

“Cyprus is an untapped market for Indians. Easy life and safe environment are the preferred choice for those looking for a third ho- me. In recent years, we have seen a rise in preference towards Cyprus for the Hollywood and Bollywood A-listers,” said Pantelis Leptos, co-president, Leptos Group of Companies.

Leptos Group, a 63-year-old company, currently operates in over 75 countries and has a port- folio of over 350 completed pro- jects. The group has an extensive land bank, encompassing 5 million square meters of land for development.

land bank, encompassing 5 million square meters of land for development.

Source- The Economic Times