Amongst the NRI’s there are 3 types of investors. The first type look for short term gains over a period of 1-3 years, the second type look to buy for themselves and the third type are long term investors who want to be in the market for 7-10 years.
The first type of investors have disappeared and more number of people looking to buy for personal use have surfaced.
Samir Jasuja, the founder and CEO of PropEquity added that the market has stabilized in the last 6 months and the worst times are behind us. Over the last 3 years with the advent of demonetization, GST and RERA, the new launches have come down by almost 90%. The best cities to buy into are governed by 3 major factors, which are employment generation, infrastructure and the overall supply demand situations prevailing in the market. Banglore and Mumbai are two of the most hot sites of Real Estate because of the presence of all the 3 aforementioned factors.
“The NRI fraternity is used to 10-14% returns on investment from the residential segment in India” said Virendra Adhikari, the CEO of Asset India Ltd., on being asked about the do’s and dont’s of NRI investment. However, these figures have been bearish due to the current market scenario.
Amongst the NRI’s there are 3 types of investors. The first type look for short term gains over a period of 1-3 years, the second type look to buy for themselves and the third type are long term investors who want to be in the market for 7-10 years. The first type of investors have disappeared and more number of people looking to buy for personal use have surfaced.
More online in the article (link)
Prem Watsa, founder of Fairfax Financial Holdings, was conferred the Special Jury ‘NRI of the Year Award’ at the fifth edition of Times NOW & ICICI BankNSE -1.67 % NRI of the Year Awards 2018. Indian football team captain Sunil Chhetri was presented with the ‘Global Indian Icon’ award. The Times Network and ICICI Bank awards were hosted in Mumbai on Friday.
One of India’s top recognition platforms, The NRI of the Year Awards salute the spirit of global Indians who have made a mark for themselves worldwide. “Over the course of five editions, NRI of the Year, our flagship property has emerged as the most distinctive and coveted awards platform, instituted to recognise the achievements of the global Indians. It is an important component of our engagement with the Indian diaspora as a media group representing a nation with a global agenda,” said MK Anand MD, Times Network. Kiren Rijiju, minister of state for home affairs, was the chief guest for the function.
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Prem Watsa has a sizable investment in Blackberry (According to bloomberg)
“The reason we put a lot of money in [BlackBerry] was because of [CEO] John Chen. John Chen is an outstanding executive — long track record. And I met him just like that in San Francisco. And he had a terrific turnaround at a company called Sybase. And then he says, you know, I bought every BlackBerry that existed and I really don’t want this company to go down. So I said, would you look at perhaps joining the company, and he said, ‘I’ve got to talk to my wife. If she says yes, I will.’ And she said yes and he joined us. If he hadn’t come, we likely wouldn’t have put [in] any money.”