Rich Indians Buying house in America & London

Wealthy Indians are buying the properties for second or third homes, who now account for 7.3 per cent of all sales in 5 million pounds-plus residential property market in London. The average property in this segment is a four-bedroom house, with a room for domestic help, used as a second home by rich Indians or their children studying in the city.

The temptation to buy a house in the US at bargain prices has lured a lot of foreign buyers world over. New York, Los Angeles (California) and Miami (Florida) the prime area for the buyers.

Cleaner environment, lush green open spaces, neatly maintained, full-service apartment buildings, orderly streets and highway traffic. For families with school kids, education until high school is free and compulsory, and enrollment in a neighbourhood school is for the asking. Property prices in places such as Florida, California and Texas are down as much as 30-50%.

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Non - resident Indians (NRI's) are investing in (SMEs) in India

Cash-rich Indian SME-owners investing in global assets, especially mineral resources such as coal and gold mines. Non- resident Indians are investing in well-established small and medium enterprises (SMEs) in India. These Indian investments are significant in size, some as much as USD 100 million per commitment, though they are often overshadowed by the multi-billion dollar international deals being done by Indian multi-national corporations,

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Surrender passport to get new Indian visa

Passport surrender rule for new visa: Indian government requesting and holding passports for over 40 days in order to issue an OCI-visa.

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