This Sunday, March 1, Ashwin Chadha and Ankit Tyagi, co-owners of North India Sotheby's International Realty will participate in a discussion on the real estate marketplace in India, the propensity for foreign direct investment from the US, the buying process and taxation considerations for non-resident Indians, and landmark developments being represented.
Experts say events like these beckon the Puget Sound region’s emergence as a global gateway. India volleys with China for Asia’s fastest growth rate in gross domestic product as wealthy Indians increasingly target investments in the Seattle/Bellevue metro area. As the closest mainland port to Asia, local real estate brokers predict yet another wave of international home buying in the region – this time from India.
India Prime minister Narendra Modi and US President Barack Obama have recently collaborated to improve US-INDIA economic relationships. Top Indian CEO’s, such as Satya Nadella of Microsoft, already reside in the Pacific Northwest and executives of NISIR believe that India’s global wealth and prosperity will have a significant and continued effect on the region. With a population of more than 1.2 billion in India and a population growth rate greater than China, “the Seattle metro area is an important gateway to Asia and is our first stop on our international tour,” said Chadha. “We secured our affiliation with Sotheby’s International Realty in part to access the millions of non-resident Indians (“NRIs”) around the world.”
To RSVP to the private event, contact me or sign up here.