2018
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gemini Property Developers
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The Abraaj Group
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Global Investors Company
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Futtaim Group
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Detailed explanation-1: -Emaar India is developing real estate projects mainly in Delhi-NCR and Punjab.
Detailed explanation-2: -As per Indian laws, purchasing a property in Dubai is legally okay. The Foreign Exchange Management Act (FEMA), enacted in 1999, is the governing law for such purchases by Indian citizens. Further, as per the Liberalised Remittance Scheme (LRS), a resident can invest up to $250, 000 in properties abroad.
Detailed explanation-3: -Since 2004, Indians have been among the top three nationalities to buy properties in Dubai, owing to the geographical advantage over European or American markets. “It’s just a 3-hour flight from India to Dubai which makes sense for Indians to even buy their second home in Dubai, ” said a Delhi-based property consultant.
Detailed explanation-4: -Prices are seen rising by about 5% this year, after climbing 11% in 2022, which itself was a slowdown from a 21% increase in 2021, Richard Waind, group managing director of Betterhomes, told Reuters. “(Higher) interest rates haven’t removed the underlying demand.