Latest news with #NRIs
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Business Standard
a day ago
- Business
- Business Standard
Indian Bank launches new savings accounts for NRIs with global access
Indian Bank, on Saturday, rolled out new Savings Account variants specifically tailored for Non-Resident Indian (NRI), the bank said in a press release. The Bank's new offerings aimed at a seamless combination of traditional trust and modern conveniences, reinforcing its position as a trusted banking partner for NRIs around the globe. Shri Binod Kumar, managing director and CEO, said, 'At Indian Bank, we are committed to providing our NRI customers with top-notch digital banking solutions that prioritise convenience, security, and value. Our latest offerings aim to enhance the relationship between the bank and our global Indian community, ensuring they feel connected to their roots while accessing smooth banking services.' The new product is designed specifically for the changing financial lifestyles and requirements of NRIs. 'These products are packaged with top-tier debit cards—IND D'Elite, IND Premium, and IND Plus—that offer a variety of exceptional advantages, including: Airport Lounge Access (Domestic & International), Personal Accident Cover and Exclusive Loyalty Offers,' the press release said.
Hindustan Times
2 days ago
- Business
- Hindustan Times
Whiteland Corporation partners with Marriott for 1700 Westin-branded residences in Gurugram
Delhi-NCR-based Whiteland Corporation has partnered with Marriott International to launch The Westin Residences in Gurugram. With a planned investment of ₹5,600 crore and a projected topline of ₹15,000 crore, the project will include 1,700 Westin-branded residences. Set to be one of the largest standalone branded residence projects in India, the development spans 7.78 hectares (approximately 20 acres) in Sector 103 along the Dwarka Expressway. The location is 15 minutes from Gurugram's central business district and 20 minutes from South and West Delhi, with seamless access to the IGI Airport, Yashobhoomi Convention Centre, Dwarka Golf Course, and the upcoming Diplomatic Enclave. The project will offer three and four bedroom residences ranging from 248 to 402 square meters (approximately 2,673 to 4,328 sq ft), with unit prices between ₹6 crore and ₹12 crore, depending on configuration and location within the development, the company said. India's growing appetite for branded residences reflects a shift in homebuyer expectations. Well-travelled and discerning buyers now seek the same global standards of design, service, and quality in their homes that they've experienced abroad. This demand is driving the growth of luxury residences backed by trusted global names. 'As global exposure increases, so does the aspiration to live in homes that offer a premium lifestyle backed by credibility and Marriott International, as the world leader in hospitality, brings unmatched trust, legacy and global standards to residential living. Branded residences offer not just high-end real estate but also an elevated, premium living experience anchored by the service ethos of a globally respected brand,' said Navdeep Sardana, founder of Whiteland Corporation. The demand for The Westin Residences, Gurugram is being driven predominantly by end-users, particularly corporate CXOs, entrepreneurs, SME 's and senior professionals who are seeking a primary or secondary residence that reflects their premium lifestyle aspirations. 'We are seeing strong interest from Delhi and Gurugram, as well as from upcountry cities such as Chandigarh, Jaipur, Lucknow and Kanpur. Also, there is significant demand from global Indians and NRIs based in the UAE, UK, Canada, Singapore and other international markets, who are looking to invest in branded, premium residences in India's most dynamic real estate corridors,' he said. Inspired by biophilic design, the development will rise on stilts, allowing for verdant landscapes to flow uninterrupted beneath it. Designed by global experts including Architect Hafeez Contractor, landscaping firm Coopers Hill, interior specialists BM&A, lighting consultants ASA, and Structure and Engineering Consultant Vintech Consultants. Also Read: Second Trump Tower launched in Gurugram, a first for any city outside New York It is rooted in the Westin brand's six pillars of well-being—sleep well, eat well, move well, feel well, work well, and play well. John Hearns, senior vice president, Global Residential Operations, Marriott International, said that the company is 'delighted to introduce Westin Residences Gurugram to India, and the wellness promise that the brand is known for, to residence owners. Developed by Whiteland Corporation and driven by their pioneering spirit and unwavering commitment to excellence, The Residences will set a new benchmark in premium living in India, creating homes designed to empower a better you.' Whiteland Corporation plans to develop 1.85 million sq. meters of built-up area over the next five years.
Business Standard
2 days ago
- Business
- Business Standard
MRG Crown Luxury 2.0: The Epitome of Elite Living on Dwarka Expressway
NewsVoir Gurugram (Haryana) [India], May 30: The luxury real estate market in the NCR region is gaining ground, where cities like Gurugram are seeing a meteoric rise. The city witnessed a strong demand for luxury homes last year, with sales rising 66% to nearly Rs. 1.07 Lakh Crore, as per PropEquity. As per the data, housing sales rose to Rs. 1,06,739 crore last year from Rs. 64,314 crore in 2023 calendar year. Due to its growing affluence, improved infrastructure, and changing lifestyle preferences, the city has become a magnet for premium homebuyers. At the core of this transformation lies the Dwarka Expressway corridor, renowned for its upscale residential developments. Its seamless connectivity to Delhi, IGI Airport, and upcoming metro lines makes it especially attractive. What's driving interest here is the rise of premium developments that strike the perfect balance between privacy and convenience, catering to those who seek sophistication without compromise. Further, this growth is attributed to a growing corporate presence and ample employment opportunities in the region. In addition, with the influx of high-net-worth individuals and NRIs looking to invest back home and an emerging class of affluent millennials, the demand for premium homes soared to record levels in the region. Aligning with this growth appetite, leading real estate players are raising the bar of urban living on the Dwarka Expressway. Among the key contributors, MRG Group has made a strong statement with its flagship project, MRG Crown, in Sector 106. With a Rs. 500 crore investment, the project redefined the luxury residential experience in the corridor. Building on that success, the group has unveiled MRG Crown Luxury 2.0, expanding its presence in the premium housing segment and underscoring its commitment to crafting elegant, future-ready homes. Spread across 8.16 acres, MRG Crown features 468 elegantly crafted independent floor units and 117 plots. The development also offers 3 BHK low-rise residences starting at 2.29 crore, designed for an exclusive low-density living experience, seamlessly blending privacy, luxury, and urban connectivity. Possession is slated for 2027, giving residents a clear timeline for moving into a thoughtfully curated urban haven. At the heart of the project lies the 1.5-acre Leisure Island, a green sanctuary within the gated community, alongside a 22,000 sq. ft. clubhouse curated for high-end indulgence, offering a half Olympic-sized swimming pool, sports courts, wellness zones, lounge areas, and fine dining options. Additional features include EV charging stations, visitor parking, private terrace gardens, and dedicated basement workspaces, catering to the needs of modern urban lifestyles. Moreover, MRG Crown Luxury 2.0 is an epitome of exceptional architectural design. The project is envisioned by renowned Padma Bhushan awardee Hafeez Contractor, whose architectural finesse lends the development a distinctive and timeless appeal. Complementing this is the lush, immersive landscape design by Juilee Deoskar, celebrated for crafting nature-infused environments that elevate everyday living. Together, their vision brings to life a harmonious blend of form, function, and serenity, setting a new benchmark for upscale residential design in Gurugram. Besides, the project is strategically positioned along the Dwarka Expressway and enjoys exceptional connectivity. Located at the nexus of key transit hubs such as IGI Airport, Gurgaon Railway Station, and the proposed metro corridor, MRG Crown offers residents seamless accessibility to Delhi, Gurugram, and beyond, making it one of the most connected premium addresses in the region. Therefore, as the Dwarka Expressway rapidly transforms into a prime luxury housing corridor, MRG Group is emerging as a frontrunner in shaping its skyline. With over four decades of trust and innovation, the group continues to redefine modern urban living. "MRG Crown Luxury 2.0 reflects our vision of crafting future-ready spaces that blend luxury with lifestyle," says Rajjath Goel, Managing Director, MRG Group. "It marks a bold step in our journey to deliver accessible, aspirational living while paving the way for a more design-forward, community-centric future."
Business Standard
3 days ago
- Business
- Business Standard
The New NRI Address: Smaller Cities with Big Luxury Appeal
NewsVoir New Delhi [India], May 30: In a shift driven by both sentiment and strategy, Non-Resident Indians (NRIs) are increasingly directing their real estate investments towards luxury homes in India's Tier-2 and Tier-3 cities. This growing trend reflects not only a desire to reconnect with their roots but also a pragmatic approach to wealth creation, quality of life, and legacy planning. Over the past decade, smaller cities such as Mohali, Lucknow, Coimbatore, and Indore have quietly transformed into vibrant economic and lifestyle hubs. Well-connected airports, upgraded social infrastructure, and a rise in cosmopolitan living have made them attractive to the globally mobile Indian diaspora. "NRIs are no longer restricting their investments to metros," says Umang Jindal, CEO, Homeland Group. "There is a clear demand for larger, better-designed homes in cleaner, better-planned cities that offer a more balanced lifestyle. Many NRIs are emotionally inclined to return or maintain a strong presence in India, but their standards are global. They seek homes that mirror what they're used to abroad--not just in terms of luxury but also privacy, community, and wellness." While affordability compared to metro cities is still a factor, it is the value proposition and long-term livability that is drawing attention. "There's a marked shift in how NRIs perceive luxury in India," explains Prateek Mittal, Executive Director, Sushma Group. "They are seeking spaces that align with international sensibilities: open layouts, advanced security, eco-conscious design, access to facilities like Golf Course next to their houses and nature. Tier-2 and Tier-3 cities are uniquely positioned to offer this, especially as urban stress and congestion in larger cities continue to rise." Moreover, the pandemic has altered lifestyle priorities worldwide. For NRIs, the value of spacious, health-oriented homes in clean environments has soared. This shift has aligned perfectly with what many smaller Indian cities now offer. "Luxury today is more than just premium fittings--it's about space, peace, and purpose," notes Piyush Kansal, Executive Director, Royale Estate Group. "Many NRIs are seeing their hometowns in a new light. The blend of emotional belonging and practical advantages is too compelling to ignore. We're witnessing consistent interest from professionals who want a meaningful footprint in India without compromising on lifestyle." These buyers are not merely investing, they are curating a future. A home in India is increasingly seen as a long-term strategic asset: part retreat, part legacy. Developers are adapting, too, offering seamless digital experiences, flexible payment structures, and post-possession services tailored to the needs of NRI clients. "The growing NRI interest is pushing the entire real estate sector, residential as well as commercial, to elevate its standards," remarks Adish Oswal, Chairman, Oswal Group. "It's no longer enough to deliver just premium homes or commercial projects; NRIs today seek a comprehensive ecosystem that includes world-class commercial infrastructure, seamless service, and future-ready communities. This trend isn't just a passing phase, it's a strong signal that tier-2 and tier-3 cities are firmly positioning themselves on the global investment map." As India's growth story expands beyond the metro narrative, it's clear that the luxury housing segment in emerging cities is no longer a niche, it's a natural evolution. For NRIs seeking a return to their roots without compromising their lifestyle, Tier-2 and Tier-3 cities are the new definition of "coming home in style."
Fashion Value Chain
3 days ago
- Business
- Fashion Value Chain
MRG Crown Luxury 2.0: The Epitome of Elite Living on Dwarka Expressway
The luxury real estate market in the NCR region is gaining ground, where cities like Gurugram are seeing a meteoric rise. The city witnessed a strong demand for luxury homes last year, with sales rising 66% to nearly Rs. 1.07 Lakh Crore, as per PropEquity. As per the data, housing sales rose to Rs. 1,06,739 crore last year from Rs. 64,314 crore in 2023 calendar year. Due to its growing affluence, improved infrastructure, and changing lifestyle preferences, the city has become a magnet for premium homebuyers. MRG Crown Luxury 2.0: The Epitome of Elite Living on Dwarka Expressway At the core of this transformation lies the Dwarka Expressway corridor, renowned for its upscale residential developments. Its seamless connectivity to Delhi, IGI Airport, and upcoming metro lines makes it especially attractive. What's driving interest here is the rise of premium developments that strike the perfect balance between privacy and convenience, catering to those who seek sophistication without compromise. Further, this growth is attributed to a growing corporate presence and ample employment opportunities in the region. In addition, with the influx of high-net-worth individuals and NRIs looking to invest back home and an emerging class of affluent millennials, the demand for premium homes soared to record levels in the region. Aligning with this growth appetite, leading real estate players are raising the bar of urban living on the Dwarka Expressway. Among the key contributors, MRG Group has made a strong statement with its flagship project, MRG Crown, in Sector 106. With a Rs. 500 crore investment, the project redefined the luxury residential experience in the corridor. Building on that success, the group has unveiled MRG Crown Luxury 2.0, expanding its presence in the premium housing segment and underscoring its commitment to crafting elegant, future-ready homes. Spread across 8.16 acres, MRG Crown features 468 elegantly crafted independent floor units and 117 plots. The development also offers 3 BHK low-rise residences starting at 2.29 crore, designed for an exclusive low-density living experience, seamlessly blending privacy, luxury, and urban connectivity. Possession is slated for 2027, giving residents a clear timeline for moving into a thoughtfully curated urban haven. At the heart of the project lies the 1.5-acre Leisure Island, a green sanctuary within the gated community, alongside a 22,000 sq. ft. clubhouse curated for high-end indulgence, offering a half Olympic-sized swimming pool, sports courts, wellness zones, lounge areas, and fine dining options. Additional features include EV charging stations, visitor parking, private terrace gardens, and dedicated basement workspaces, catering to the needs of modern urban lifestyles. Moreover, MRG Crown Luxury 2.0 is an epitome of exceptional architectural design. The project is envisioned by renowned Padma Bhushan awardee Hafeez Contractor, whose architectural finesse lends the development a distinctive and timeless appeal. Complementing this is the lush, immersive landscape design by Juilee Deoskar, celebrated for crafting nature-infused environments that elevate everyday living. Together, their vision brings to life a harmonious blend of form, function, and serenity, setting a new benchmark for upscale residential design in Gurugram. Besides, the project is strategically positioned along the Dwarka Expressway and enjoys exceptional connectivity. Located at the nexus of key transit hubs such as IGI Airport, Gurgaon Railway Station, and the proposed metro corridor, MRG Crown offers residents seamless accessibility to Delhi, Gurugram, and beyond, making it one of the most connected premium addresses in the region. Therefore, as the Dwarka Expressway rapidly transforms into a prime luxury housing corridor, MRG Group is emerging as a frontrunner in shaping its skyline. With over four decades of trust and innovation, the group continues to redefine modern urban living. 'MRG Crown Luxury 2.0 reflects our vision of crafting future-ready spaces that blend luxury with lifestyle,' says Rajjath Goel, Managing Director, MRG Group.'It marks a bold step in our journey to deliver accessible, aspirational living while paving the way for a more design-forward, community-centric future.'
