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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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Goa Police Ensures Strict Monitoring of Cash Transactions at Goa Casinos Ahead of Polls

Elections to Goa's two Lok Sabha constituencies and bypolls to three assembly seats will be held on April 23, the Election Commission announced on Sunday

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Casino Popular with Indian Gamblers. Pixabay

With the Model Code of Conduct in place for the upcoming Lok Sabha elections and assembly bypolls, the Goa Police on Sunday said that they will be strictly monitoring gambling operations in the coastal state, including in casinos.

Deputy Inspector General of Police Rajesh Kumar said that there would be strict vigil of cash transactions at Goa’s casinos, which have been accused of money laundering by the Opposition and civil society.

“… we have laid more emphasis on cracking down on crimes like matka, gambling, narcotics…” he told reporters here.

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This place is more than just a casino. Flickr

He also said that casino operators will have to ensure their patrons have a PAN card, especially while making cash transactions.

“There are laid-down guidelines for casinos… If someone is going with cash, he should have a PAN card and whether the PAN card is being recorded there (at the casino’s end). Whatever norms there are will be enforced,” he added.

Also Read- Apple Working on Technology to Secure iPhone Users’ Privacy

There are six offshore casinos and about nine onshore casinos operating from the state’s numerous coastal resorts.

Elections to Goa’s two Lok Sabha constituencies and bypolls to three assembly seats will be held on April 23, the Election Commission announced on Sunday. (IANS)