Things to check before buying farmland, sr citizen or retail space
3 property deals that need extra thought
LiveMint
Though they are attractive, there are risks and restrictions involved. Know them before you buy. The real estate market witnessed a buying/selling frenzy in 2006-07 and the beginning of 2008. Foreign direct investment, introduced in 2005, had settled in by then and prices were up 40-50% the actual values. In some cases, prime properties were sold 10 times in a month. For buyers, any property became worth buying. An upcoming apartment in a distant suburb, a vacant plot, a redevelopment project or commercial or agricultural plots, buyers saw investment opportunities everywhere.
Categories: Delhi, Greater Noida, Gurgaon, Noida Tags: agricultural land, agricultural plots, buying farmland, buying retail space, buying senior citizen housing, farmland, foreign direct investment, greater noida, Gurgaon, hutment, investment opportunities, prime properties, redevelopment project, sonepat
NCR-Delhi attracts FDI
Over 50% of FDI went to Maharashtra, NCR in H1 FY'11
Press Trust of India, December 27, 2010 (New Delhi)
Maharashtra and the National Capital Region accounted for over 50 per cent of foreign direct investment inflows into the country during the first half of 2010-11, says the latest Industry Ministry data. Maharashtra attracted the maximum foreign direct investment (FDI) of about $2.67 billion (Rs. 12,275 crore) during April-September, 2010, accounting for 34 per cent of the total FDI in the country during the period. Delhi's National Capital Region (NCR), including parts of Uttar Pradesh and Haryana, received $1.96 billion (Rs. 8,961 crore) of FDI during the period. NCR accounted for 20 per cent of the total FDI in the country. During the period, India attracted $11 billion of FDI, the data said. According to experts, the good infrastructure of states like Maharashtra and Delhi made them more attractive FDI destinations than states with poor roads and power facilities.