By Romesh Navaratnarajah: Indian property has become more attractive for Singaporeans and Indian expats living in Singapore given the high property prices in the city-state, according to The Hindu.
In addition, "the appreciation of the Singapore dollar, the Comprehensive Economic Cooperation Agreement and the RBI's (Reserve Bank of India) liberalised policies are all progressive steps for expats, NRIs (non-resident Indians) and Singaporeans to invest in India's booming real estate market", said R. Dhinakaran, Nominated Member of Parliament and Vice-President of the Institute of Certified Public Accountants of Singapore.
He was speaking at the two-day India Property Show at Singapore Expo, presented by The Hindu and Hindustan Times.
He noted that the variety of properties and good reputation of Indian realtors were also the main selling points for both Singaporeans and Indian expats.
Moreover, the high property prices in Singapore have driven investors to look at developing markets such as India, Dhinakaran said.
Meanwhile, Akila Iyengar, Director at Kasturi & Sons Ltd. which publishes The Hindu, stated that the number of stalls at the property show "almost doubled since last year" as realtors brought their best options for investors. Related Stories: Growing interest in Malaysian property
Property in Dubai is back
Sales flourish for Thai developer