Sr. Financial Analyst at Bard Access Systems (Salt Lake City, UT)
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Reliability & Maintainability Engineer at Aerospace Gears (Salt Lake City, UT)
BSME or BSEE with 5-8 years experience with aircraft mechanical components/systems. Experience in the fields of reliability engineering, electronic engineering, mechanical and material engineering. Understanding of how Integrated Logistics...
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NRI realty investments drop by over 50%

The NRI season is now at its fag end. Despite undertaking tours to the US, the UK and Middle East and doling out freebies and discounts, realtors have been unable to catch the attention of this cash-rich community.

The result: NRI investments in India-based properties dropped by over 50% this season, with the four metro cities and “NRI-heavy” mirco markets in states like Gujarat and Kerala being among the worst hit.

“Compared to last year, the drop in NRI interest in India-based properties has been almost 50% in all sectors. The metros showed a sharp drop in demand, largely owing to the steep prices”, says Sanjay Dutt, CEO - business, Jones Lang LaSalle Meghraj (JLLM), a global real estate consultancy firm. “Very few luxury homes have been sold as compared to last year”, he adds.

At a time when the domestic demand in micro-markets in Tier-I, II and III cities began to slump in the third quarter of this financial year, the developers were hopeful that the demand from the NRIs will pep up the sentiments in the realty markets.

However, the global slowdown and the resulting slump froze the bullish sentiments among NRIs. “Though a far-from-spectacular number of transactions have indeed taken place this season, generalised job insecurity and a desire to conserve available cash among IT employees abroad has curbed investment demand for high-end properties, Mr Dutt said adding that the response was “significantly muted” from the NRI community this season.

The sharp corrections seen in some larger cities has also led to an “acute wait-and-watch attitude among NRIs who - just like everyone else - are now very price sensitive”, he explained.

Source:Economics Times


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Accounts Payable Clerk II at Bard Access Systems (Salt Lake City, UT)
Bard Access Systems/Salt Lake City, UT This position is responsible for processing accurate and timely payments. The following duties and responsibilities are intended to be representative of the work performed by the incumbent(s) in this...
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Voice Teacher at Takelessons.com (Salt Lake City, UT)
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International Trade Park( World Trade Park (WTP))to Redefine Jaipur Real Estate

Jaipur real estate will soon have a new milestone in the form of an international trade park, World Trade Park (WTP), to its credit. The project boasts of an eco-friendly office property with water and energy conservation techniques, automatic sensors for power saving, centrally air conditioned, wireless LAN and IT friendly environment.


The foundation stone for the World Trade Park, a business-cum-shopping centre was laid in 2005. Established by RF Properties and Trading Pvt Ltd, the park spreads over an area of 20, 000 sq. yard. It has offices, a convention centre, retail outlets, exhibition halls, a five-star hotel, and a two-screen multiplex, trade lobbies, an art gallery and a computer-controlled parking for 1, 100 vehicles.


The trading park is perceived as a nucleus of world trade in South Asia. It will provide Global Business amenities under one roof, further crafting Jaipur as the international trade capital of the country.


Project update


Commercial property market in Jaipur is being redefined with landmark constructions like the World Trade Park. The WTP is surrounded by posh shopping malls like The City Pulse, Crystal Mall, Crystal Palms and the Crystal Court. Other mega projects that are about to come up in Jaipur include, Mahindra World City project in collaboration with RIICO, which will be a multi-product Special Economic Zone. A film-city project worth Rs 1, 900-crore on 1, 000 acres in Jamdoli is also on the cards.


In March 2007, the State government, proposed a Science City in Jaipur to be developed with the International Convention Centre. A “Mini India” theme park on 50 acres sharing space with a golf course and a cricket academy is also there in the foresight.


Amid a number of forthcoming huge commercial projects the real estate in Jaipur is resolved to continue its vigorous upward trend. “With WTP playing a perfect escort in a new age world of trade and industry, it would help put Jaipur on the world map”, property experts of Jaipur comment.


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