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80% UAE-based NRIs keen to buy property in India

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Abu Dhabi:  Almost 80 per cent of non-resident Indians (NRIs) in the United Arab Emirates (UAE) want to buy apartments in India, with Bengaluru and Mumbai being the most preferred choices, a survey has revealed.

The poll showed that 79 per cent of the buyers were interested in buying apartments as compared to plots, villas or commercial property in India, with 72 per cent planning to purchase the property in the next six months, Arabian Business online reported.

“Today, Bengaluru is a much sought after city with NRIs returning to India. Many are keen on making the city their home,” Sunil Jaiswal, president of Sumansa Exhibitions that conducted the research said.

“The city has evinced so much interest among NRIs of late that even those who have not had the occasion to visit the city have plunged into investments in real estate here. It is most popular among techies and skilled professionals,” Jaiswal added.

Following Bengaluru and Mumbai, NRI property investors also considered Chennai, Pune, Cochin, Delhi, Hyderabad, Navi Mumbai, Goa and Ahmedabad.

The survey showed that 67 per cent of buyers were in the age group of 31-50 years.

The UAE is home to around 2.6 million expatraie Indians, according to Indian embassy figures

 

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UAE Based Aries Group to Produce 1000 Regional Films Under Project Indywood

Biju Majeed will direct the film, whose script is written by K. Shibu Raj. P.C. Lal will wield the camera and Biju Ram will compose the music for the film, which would be shot in Kerala and completed in one schedule.

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UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its
UAE based Aries Group will use CSR funds for the films. Pixabay

UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its “Project Indywood”.

The project will be launched with the pooja of a film titled “Aickkarakonathe Bhishaguaranmaar” at Punalur near here on Sunday, said Aries Group Chairman and CEO Sohan Roy.

“‘Aickkarakonathe Bhishaguaranmaar; will mark the launch of Project Indywood’s ambitious plan to produce 1,000 regional movies in India in the next five years. Besides prominent actors from the industry, twenty talents discovered through the national-level auditions conducted by Indywood Talent Hunt will play important roles in the movie,” he told media here.

UAE-based Aries Group on Saturday announced it will use its Corporate Social Responsibility (CSR) funds to produce 1,000 regional films in the next five years under its "Project Indywood".
The shooting of the films will take place in Kerala. Wikimedia commons

Biju Majeed will direct the film, whose script is written by K. Shibu Raj. P.C. Lal will wield the camera and Biju Ram will compose the music for the film, which would be shot in Kerala and completed in one schedule.

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Roy, a Kerala-born marine engineer-turned-film director, shot to international acclaim in 2011 with his film “DAM999” which was selected for the Oscar race that year in three categories – Original Song, Original Score and Best Picture.

Though “DAMA999”, which tells the tale of a cracking dam built during colonial rule and how it impacts nine characters, failed to secure a place in the final nomination list of the 84th Academy Awards, it bagged two honorary awards at the Global Music Awards held at California. (IANS)

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