{"id":26642,"date":"2016-09-20T19:17:03","date_gmt":"2016-09-20T12:17:03","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/come-home-indian-developer-targets-singapores-nris\/"},"modified":"2016-09-20T19:21:03","modified_gmt":"2016-09-20T12:21:03","slug":"come-home-indian-developer-targets-singapores-nris","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/come-home-indian-developer-targets-singapores-nris\/","title":{"rendered":"Come home: Indian developer targets Singapore\u2019s NRIs"},"content":{"rendered":"


\nPhysical presence is crucial to increasing market share
\nSunset over Mumbai. Luxury developments in India are marketing to Indians in Singapore. fuyu liu \/ Singapore
\nTo property developers based in India, wooing Singapore\u2019s ever-growing Indian community from afar may not be enough to increase their share of this increasingly lucrative market.
\nMumbai\u2019s Godrej Properties opened on Wednesday an international representative office in the city-state. \u201cTo be physically present in Singapore will enable us to market our properties, mainly residential properties, more effectively to Indians in Singapore, Malaysia, Indonesia and Hong Kong,\u201d Mohit Malhotra, executive director of Godrej Properties, told The Straits Times.
\nNon-resident Indians (NRIs) have a high disposable income, he said. \u201cThey actively invest in India, so we would like to tap the opportunities in Singapore where there is a large Indian community with strong cultural linkages between Singapore and India.\u201d
\nThis development comes on the heels of the Singapore government signing a preliminary memorandum of understanding with the Indian state of Himachal Pradesh to develop an integrated township in Shimla.
\nMore: Indian real estate may be a world leader by 2030
\nThe Indian diaspora is a ballooning market, with 350,000 expatriates working in various sectors in the city. Around 250,300 Singaporean citizens have Indian ethnicity, making up 7.4 percent of the city\u2019s populace, according to the Singapore Department of Statistics.
\nIt is for the same reason that the developer opened another overseas representative office in Dubai in 2014. Indians make up the largest non-Arab investors in the emirate\u2019s property market, according to the Dubai Government Land Department.
\nRead next: Dubai\u2019s slowdown is no problem for these Asian investors
\n
\nSource : property-report.com
\nRead more…Come home: Indian developer targets Singapore\u2019s NRIs<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Physical presence is crucial to increasing market share Sunset over Mumbai. Luxury developments in India...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-26642","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-6VI","jetpack-related-posts":[{"id":130885,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/strong-dirham-rising-demand-pickup-drive-gulf-based-nris-to-invest-in-indian-property-market\/","url_meta":{"origin":26642,"position":0},"title":"Strong Dirham, rising demand pickup drive Gulf-based NRIs to invest in Indian property market","date":"October 5, 2022","format":false,"excerpt":"\r Expat Indians, especially from the Middle East, are now purchasing properties for investment purpose, rather than for end-users\r \r Source : arabianbusiness.com\r Read more...Strong Dirham, rising demand pickup drive Gulf-based NRIs to invest in Indian property market","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2022\/10\/mumbai-skyline-1000x667-1.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":31798,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/indian-developers-target-nris-in-emirates-with-special-offers-for-diwali\/","url_meta":{"origin":26642,"position":1},"title":"Indian developers target NRIs in Emirates with special offers for Diwali","date":"October 27, 2016","format":false,"excerpt":"\r Rebecca BundhunForeign CorrespondentMumbai \/\/ Property developers in India are actively targeting Indian expats in the UAE with a slew of offers, ranging from free gold to discounts as they try to drum up sales this Diwali amid weak demand closer to home.Diwali is traditionally considered to be an auspicious\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26864,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/singapore-home-prices-remain-depressed-2\/","url_meta":{"origin":26642,"position":2},"title":"Singapore home prices remain depressed","date":"September 22, 2016","format":false,"excerpt":"\r House prices in the city-state fell almost three percent during the year to Q2 2016. gnohz\/Shutterstock Singapore\u2019s housing market is still weak, with house prices falling 2.94 percent during the year to the second quarter of 2016, revealed a report from Global Property Guide. But demand is now stronger,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26243,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/india-property-investment-tips-for-nri-landlords\/","url_meta":{"origin":26642,"position":3},"title":"India property: investment tips for NRI landlords","date":"September 16, 2016","format":false,"excerpt":"\r Deepthy Saleem, from Kerala in India, has lived in Dubai for 17 years and owns three homes in her native country - two of which are rented out. But at times over the past few years she has questioned whether it is really worth leasing her properties, given the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":16956,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/property-developers-feed-indians-appetite-for-a-luxury-lifestyle\/","url_meta":{"origin":26642,"position":4},"title":"Property developers feed Indians' appetite for a luxury lifestyle","date":"June 18, 2016","format":false,"excerpt":"\r When Jitu Virwani, the chairman and managing director of Embassy Group, an Indian property developer, bought a home in the Springs in Dubai, he was so struck by the concept of the project, which aims to provide all the facilities of daily life within the development, that he incorporated\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37826,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/more-uae-based-nris-want-to-buy-luxury-homes-in-india-says-survey\/","url_meta":{"origin":26642,"position":5},"title":"More UAE-based NRIs want to buy luxury homes in India, says survey","date":"December 11, 2016","format":false,"excerpt":"\r Mumbai was voted as the preferred investment destination followed by Chennai, Bengaluru, Pune and Hyderabad\r \r Source : arabianbusiness.com\r Read more...More UAE-based NRIs want to buy luxury homes in India, says survey","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26642"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=26642"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/26642\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=26642"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=26642"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=26642"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}