Diaspora has always been one of the many lucrative ways of boosting a country’s economy, one of the most obvious ways being through the media industry, and the next being the real estate sector. Diasporas’ high disposable incomes may also translate to higher investment demand and capabilities. And when provided with ample and clear opportunities, they are more likely than not to bite.
Photo credit: Godrej Properties
The Chinese and Indian diasporas are especially strong globally, and now the Indian diaspora in Singapore is being seen as a worthy target audience group for one of India’s largest real estate developer, Godrej Properties (GPL).
GPL has already been actively working with clients all over the globe, namely in the UK, USA, Africa, Australia, Dubai, Hong Kong and Singapore but now with major luxury development projects happening in over 10 Indian cities such as Mumbai, New Delhi, Kolkata, Hyderabad, Ahmedabad, Gurgaon, Noida, Chandigarh, Pune, Nagpur, Bengaluru and Manglore, they are strengthening their marketing efforts to their global diaspora as these new properties are likely to be of interest and are highly affordable to these overseas individuals and entities.
Photo credit: Godrej Properties
GPL first established themselves internationally in 2014 in Dubai, and now their Singapore office will also serve an international clientele, with a focus on providing residential property investment opportunities to Indians in Singapore, Malaysia, Indonesia and Hong Kong. Their office will be situated in One Fullerton Road. Foreign nationals or companies also invest in properties in India though they will have to fulfil more specific requirements set by the Reserve Bank of India.
