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Welcome to TheMoveChannel.com India News Homepage, where you can keep up with all the latest Indian property news, covering a range of property investment, real estate industry and personal finance news topics. If you like our news, why not sign up to one of our newsletters or RSS feeds and read it every day!Expats in India on the up
Photo credit: Andrea Kirkby
India’s expat population is increasing, as people head away from the Euro to find firm footing abroad.
40,000 expats are currently working in India’s industries, and that number is on the up. Banking, retail, pharmaceutical and automobile companies are all recruiting as India’s employment pool lacks the specialist skills foreign workers can bring.
The result is an influx of people from around the world, as the country’s property prices increase. 20 per cent more expats are now applying for jobs with Indian headhunters, while in central Chennai, the country’s business district, house prices rose in the last quarter.
Latest India News
An estimated 30 million NRIs (non-residenti Indians) worldwide sent nearly $4.58 billion in remittances back home regularly last year according to the World Bank, as they continue to drive international property sales to record highs in the sub-continent.
Mumbai, Jan 23: Prices of residential property in Mumbai, which started to soften three months back, are expected to remain soft at least till June. That's probably why developers continue to offer discounts and freebies to buyers though it's unlikely, say hopeful consultants, that prices would correct sharply.
Mumbai's property market will bottom out and see a recovery in the second half of the year according to consultancy firm Jones Lang LaSalle.
On NDTV's The Big Fight, industry experts discuss whether India's period of economic growth has ended - and whether the country can bounce back.
A revolutionary concrete panel based house has been launched by the Royal Institution of Chartered Surveyors in India which is aimed at providing quality affordable homes.
Developers in India are facing mounting debt as borrowing costs fly past 20%, eating into profits.
Non-resident Indian (NRI) overseas property buyers are facing higher taxes on their investments at home.
The world's housing markets had a weak third quarter of 2011, according to the latest survey of worldwide house price indices prepared by the Global Property Guide. During the year to end Q3 2011, house prices fell in 25 countries (out of the 44 for which quarterly house price statistics are available) and rose in only 19.
Nearly half of non-resident Indians (NRI) wish to buy property back home in India purely for an investment, according to new research out this week from Sumansa Exhibitions.
Residential property prices have dropped across most cities, with an exception of Delhi, Mumbai, Chennai and Pune, mirroring the trend that consumers are perhaps putting off planned house purchases due to rising interest rates and fall in disposable incomes.
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