The Hindu Business Line: Curbs on property investment abroad may boost premium segment in India

Rustomjee Paramount

Rustomjee Paramount

In its bid to control the outflow of capital from the country, RBI slashed the annual cap on automatic outflows from $200,000 to $75,000 for an individual. Along with it, a ban has been imposed on overseas real estate purchases with immediate effect. (Above) A bird’s-eye-view of South Mumbai real estate.

RBI curbs on overseas property investments to protect the rupee seems to be good news for Indian real estate as capital which otherwise would have been diverted abroad will now stay in the country.

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Times Property: At the pinnacle of the luxury market

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Historically, Mumbai has not just been the financial capital of India but also the’luxury capital’ of the country.

Mumbai’s strong real estate market fundamentals are reflected in all segments, from office space and luxury retail, to luxury housing. Although the port city is constrained for space, it continues to dominate other property markets across India and remains the first choice for luxury brands, film stars, multinational and global conglomerates.