Sherwoods Indpendent Property Consultants just announced that it will open a regional office in New Delhi in July, "offering Middle East-based investors and Non Resident Indian & Persons of Indian Origian buyers an opportunity to invest in one of the most exciting property markets in the world."
Exciting is the right word for it. Last month, The National's Richard Orange reported on the property crash in Kerala, once booming thanks to Gulf money, now facing 90 percent reduction in transactions, according to one broker. But his article pointed out that while property prices during the boom times in "tier-two" cities like Kochi rose by as much as four times, making them very vulnerable now, while "tier-one" cities like Mumbai and Bangalore only saw prices rise by 2.5 times.
Internestingly, Sherwoods is focusing on both tiers. "Sherwoods is targeting all metropolitan cities in India, including New Delhi, Mumbai, Kolkata, Chennai and Bangalore as well as tier-two, urbanised cities such as Hyderabad, Pune, Chandigarh, Gurgaon and Noida," said Puniet Singh, the company's chief executive. "We believe that this is a highly favourable time for real estate investments as India is now showing strong signs of recovery and opening excellent opportunities in the mid-to long-term horizon."
Yes, that, and the fact that property is relatively cheap right now. Sherwoods notes that interest rates have dropped below 10 per cent recently, while property rates have dropped 15 per cent.
Scoreline
Arsenal 3
Aubameyang (28'), Welbeck (38', 81')
Red cards: El Neny (90' 3)
Southampton 2
Long (17'), Austin (73')
Red cards: Stephens (90' 2)
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
The candidates
Dr Ayham Ammora, scientist and business executive
Ali Azeem, business leader
Tony Booth, professor of education
Lord Browne, former BP chief executive
Dr Mohamed El-Erian, economist
Professor Wyn Evans, astrophysicist
Dr Mark Mann, scientist
Gina MIller, anti-Brexit campaigner
Lord Smith, former Cabinet minister
Sandi Toksvig, broadcaster
TRAP
Starring: Josh Hartnett, Saleka Shyamalan, Ariel Donaghue
Director: M Night Shyamalan
Rating: 3/5
How it works
Each player begins with one of the great empires of history, from Julius Caesar's Rome to Ramses of Egypt, spread over Europe and the Middle East.
Round by round, the player expands their empire. The more land they have, the more money they can take from their coffers for each go.
As unruled land and soldiers are acquired, players must feed them. When a player comes up against land held by another army, they can choose to battle for supremacy.
A dice-based battle system is used and players can get the edge on their enemy with by deploying a renowned hero on the battlefield.
Players that lose battles and land will find their coffers dwindle and troops go hungry. The end goal? Global domination of course.
Opening Premier League fixtures, August 14
- Brentford v Arsenal
- Burnley v Brighton
- Chelsea v Crystal Palace
- Everton v Southampton
- Leicester City v Wolves
- Manchester United v Leeds United
- Newcastle United v West Ham United
- Norwich City v Liverpool
- Tottenham v Manchester City
- Watford v Aston Villa
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