Sharma, who is partly of Indian origin, left India in 1968 and has since been living in the UK. And he is not eyeing India for sentimental reasons alone.

There is always a high demand for residential complexes and flats here, a factor that gives a strong push to Ahmedabad real estate. The property market is making rapid progress on the back of prime developments by builders in Gujrat.

Ahmedabad real estate mainly deals in two segments: Residential and Commercial. Talking about commercial properties in the city, it includes shopping malls, multiplexes, and office spaces. And the residential property sector in Ahmedabad has apartments, bungalows, and townships, penthouses, thereby witnessing for a comprehensive development in full swing.

A scenario for, investing in Ahmedabad Real Estate is certainly worth the idea. However, the market depends on location and the kind of amenities offered.

As far as the Real Estate in Ahmedabad is concerned, a number of retail players are there which include the brands such as Star India Bazaar, Big Bazaar, Shoppers’ Stop, West Side, and many others. There are international brands as well which are believed to be highly enthusiastic after Ahmedabad market for its retail potential.

The state will be setting up an NRI nodal office to attract investment and assist NRIs in doing business in the state, Hooda said, adding “plans are also there to give concessionary residential lots in prized locations to settle them and make them feel at home”.

Priority industrial plots in key areas will be allotted to assist them in setting up their businesses. The state was willing to consider tax concessions for NRIs akin to those given by Himachal Pradesh and Punjab, he said here while concluding his North American business promotion tour.

Earlier this week he addressed a ‘Business Roundtable and Networking Dinner’, organised by the Canada-India Business Council (C-IBC) in tie up with the Indo-Canada Chamber of Commerce (ICCC) and the Confederation of India Industry (CII).

His mission consisted of automobile and textile business executives who met their Canadian counterparts including the Magna Group that has major plans for India.

During his tenure, the state has became the number one producer of automobiles, home to top IT companies, a magnet for textile industry and a draw for multi-nationals who have made Gurgaon their head quarters, he claimed.

Haryana’s proximity to Delhi (it surrounds Delhi from three sides) is a boon to the state, which through a domino effect provides infrastructure, highways and transportation as a backbone to the states development, he added.

The bane of the industry, power, plays a vital role and can be an undoing of any economy. To rectify this problem, the state has embarked upon an ambitious power generation program where first of the many power generation stations, a 300 mw unit in Yamuna Nagar, will be inaugurated on November 1st this year, Hooda said.

While welcoming the chief minister, Kam Rathee, President of the C-IBC, congratulated him for bringing a new sense of pride and realism in the state. The C-IBC plans to play an active role in fostering trade and investments to and from Haryana, Rathee added.

Sunil Jagasia, President of the Indo Canada Chamber of Commerce, outlined what their future business plans were and how they would assist in leveraging investments into India.

Deep Kapuria, Chairman of North India CII and the leader of the business segment of the delegation briefed on the opportunities available to overseas businesses in Haryana.

source- http://economictimes.indiatimes.com

The lending rates in home loans for the co-operative banks in Gujarat generally range between 9 per cent and 13 per cent. It is expected that the co-operative banks might go for lending rate cuts up to 1 per cent, but it depends on the outcome of the mid-term review of monetary policy.

For example, India is now considered to be a politically stable country and one that is absolutely pro-western, meaning that an investor can be confident in the political stability, will and vision of the nation. Next up, the economy in India is going from strength to strength.

A strong economy gives confidence to investors as well – but it also means local people have more buying power which creates the perfect environment for house prices to rise in value and an investor’s real estate assets to appreciate.

Now is the optimum time for investing in India’s off-plan booming property market. In particular, India coastline property prices are extremely low in comparison with what it’s anticipated they will become and, at the same time, it is fast becoming a property ‘hot spot’. Generally and a wise mantra to bear in mind is, that as with all emerging property markets, the earlier one invests the greater the profit potential and this is nevermore abundantly evident than in terms of India.

India is geographically divided into twenty five regions mainly, north, northeast, central-west, southeast and south and the Northeast has one third of India’s population. The region is culturally diverse with roots from the Portuguese colonial period, Indian culture and some Indian influence. It is well known for its beautiful coastline and the most important cities in the Northeast of India are Nagaland, Mizoram and Meghalaya

Limitless said its Al Wasl plan in Saudi Arabia is “the first of several projects planned” in the Arab world’s biggest economy.

It will be developed on a 1,411 hectare site north of Riyadh.

Al Wasl is planned to create residences for more than 200,000 people.

Chief executive officer Saeed Ahmad Saeed said 50,000 new homes are required every year to accommodate Riyadh’s population growth.

“Riyadh’s population is growing by 150,000, or three per cent, every year. Around five million people live in Riyadh. In 20 years the figure will rise to eight million if the population continues to grow at current rates,” he said in a statement.

Al Wasl will comprise a number of inter-connected districts, with more than 60,000 homes, as well as offices, hotels, mosques, health and educational facilities, shopping malls and sports amenities, Limitless said.

Work on the project is expected to begin in mid-2008, with construction schedule spread over seven years.

It will create about 2,000 hotels and one million square metres of office space.

Three mosques able to accommodate 2,000 worshippers each, one hospital and a university will also be built.

Seven shopping centres and other retail facilities will cover an area of 270,000 square metres, Limitless said.

Emaar Properties, another Dubai developer, is involved in the $26.6-billion King Abdullah Economic City, the largest private sector infrastructure venture in Saudi Arabia.

Limitless recently said it will develop a $12 billion mixed-use township near Bangalore in southern India in partnership with Indian real estate major DLF.

The Bidadi Township will be spread over 4,000 hectares of area and house 750,000 people.

The company’s giant development in Dubai has a 75-km Arabian Canal at its centre.

Source:->http://www.gulfnews.com

`Returning to their homeland’ has always been a much-debated topic of conversation at NRI gatherings, but it has now taken on an added piquancy with the buzz about the kind of jobs and opportunities being offered in India. Indian expatriates are in demand because of the huge growth in some sectors that has led to a shortage of skilled and trained professionals. The demand extends to entry-level jobs as well. A few about-to-graduate youngsters travelling to India to visit their families this summer were surprised at the ease with which they could line up job interviews at a couple of leading newspapers, market research agencies and NGOs.

Placement agencies and websites that specialise in finding jobs for NRIs have sprung up in recent months. One such site proudly claims to have located about 200 senior and top management jobs for NRIs. Job fairs in American towns for jobs in India have proved highly successful and have evoked great interest from the NRI community. Prime salaries, company accommodation, a comfortable lifestyle in familiar surroundings and an all-expenses-paid relocation for the family are some of the attractions enticing the expatriate Indians.

New sectors or those that have opened up in recent times, such as retail and realty, have been looking at the global Indian community for recruiting experienced professionals. If it was IT professionals who were returning to India to work or set up their own companies earlier, it is managerial and white collar jobs that are now hot in India.

Indian expatriates as well as people of Indian origin have either found or been headhunted for jobs in the middle and senior echelons of a wide variety of companies in India in sectors as varying as construction, shipping and the newspaper industry. In healthcare, specialised marketing, biotechnology, aerospace and defence-related areas, companies are looking for people with experience in specific fields of operation.

The expatriates are valued for their international exposure and knowledge of work practices abroad by companies competing in the global market. Business enterprises looking to set up shop in India have also turned to the global Indian community as a rich source of professionals familiar with the conditions in India. Multinational companies such as Motorola, which have development centres in cities around the globe, including India and China, have set up ‘Return to India’ programmes for their development centres.

Indians who have lived abroad for several years have for some time been returning home. Delays in obtaining a work visa or a green card have also contributed to this process. According to an estimate by the Returned Non-Residents Association, over 30,000 IT professionals returned to Bangalore in 2005. A Human Resources consultant at a placement agency said: “There is a buzz about India’s economic growth. Top international companies are operating in India and Indian firms are competing worldwide. It is a good time to come to India. It is mainly people in the mid-30s or 40s who are considering a return to India.”

In the past, Indian companies would recruit people at NRI association gatherings or overseas reunions of Indian technical colleges, but now it has become a two-way process. Headhunters in India are receiving an equally steady stream of inquiries from Indians abroad about job prospects in India. Indian placement agencies and job-related websites have sections on ‘jobs for NRIs’.

Job fairs held in American cities are finding a good response among Indian expatriates and even American citizens of Indian origin. Major IT companies in India report that about 12 per cent of the job resumes they receive are that of NRIs with some level of experience in working overseas.

As the number of Indians returning home has increased, it has led to a sharp increase in the websites that deal with the problems associated with moving back to India and blogs that offer advice to prospective returnees. The animated exchanges on websites such as garamchai, return2india and business4india are indicative of how the question of return is gaining popularity in the expatriate community.

One blogger who returned after 14 years in the US to a senior middle management position in Hyderabad wrote: “Food habits, topics of conversation, ways of recreation are quite different. The cultural adjustment is a much longer one and ultimately there are very few who are totally at ease with the American culture.”

Another referred to his unease at the prospect of younger, more aggressive Americans moving faster up the management ladder. A third blogger advised NRIs that it is easier to return when the children are younger. One writer’s advice was to stop comparing lifestyles in India with what they left behind for it is “like comparing apples with oranges”.

Indians list several reasons for their move to India: attractive remuneration packages which allow a comfortable lifestyle comparable with life overseas, greater opportunities of advancement, and family reasons such as aging parents or growing children. Sometimes it is a combination of all these reasons that triggers the inevitable homecoming.