THE NR EYE: NRIs favour real estate over stocks
When the Indian government in a tie-up with the Confederation of Indian Industry (CII) launched the Overseas Indian Facilitation Centre (OIFC) a little while back, it had probably not bargained for the nature of the response it got.
If OIFC Chief Executive Harish Kirpal of the CII is to be believed, overseas Indians are flooding the OIFCs mailboxes with investment related queries and not complaints or distress calls.
Well, one could argue that the primary objective of the centre was to lead Indian diaspora up the investment avenue, but one would certainly not have expected real estate to be the area of greatest interest. At least, not one in which NRIs would want OIFC help. But thats exactly whats happened.
More : thepeninsulaqatar.com