Arab investors interested in Indian Realty

Serious real estate investment enquiries are coming up from the Arab World following India’s new decision which has allowed foreign groups or individuals to make direct investment into stock market of the county. A real estate magnate based in Sharjah wrote a letter to finance minister PranabMukerjee expressing that a large number of family offices based in UAE that are having business relation with Indian counterparts would be first and foremost movers to propagate and to take participation in this initiative. He has also asked for some clarifications regarding the eligibility of groups, individuals or associations that are based in member nations of Gulf cooperation council for their participation in Indian stock market.

The January 1 decision of Finance ministry of India sets conditions that would allow overseas investors for investing their money in India’s stock exchange market. As per the conditions, these investors should be from countries that are signatory to international organisations of securities commissions and Financial Action task force complaint. The FATF help in promoting policies at international level to combat terrorist financing activities and in combating money laundering.The individual member countries to FATF are Kuwait, Qatar, Bahrain, UAE and Saudi Arabia. The Arab investors want the Indian government to comply with them so that the two conditions do not come under their way.