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Indians shopping at home in southeast Asia.

Indians shopping at home in southeast Asia.

Indians shopping at home in southeast Asia.

East Asian countries like Thailand and Vietnam are becoming increasingly attractive to Indian investors looking for property abroad. A three-bedroom house in the popular beach city of Pattaya costs around Rs 70 lakh. In the capital Bangkok, a house of the same area can cost around Rs 80 lakh. However, real estate investment rules are different for individuals and foreign companies.

If you are considering buying a property worth around Rs 70 lakh, you can either buy a small house on the outskirts of an Indian metropolis or invest in a more luxurious home in Southeast Asia," said Ritesh Mehta, senior director and head of residential services and programs for''real estate developers at JLL. "What more do you want? "

People are now looking at Vietnam as a market, Mehta said, and apartments in Thailand are performing well. Many Indians are known for investing in real estate in Southeast Asia, especially in countries like Malaysia and Thailand, as well as Singapore," said Anuj Puri, chairman of real estate company Anarock. These countries offer various investment options such as luxury apartments and apartments as well as commercial and industrial real estate. In addition, Southeast Asia is a popular destination for Indian tourists, making it an attractive option for Indians looking for a second home or resort property," Puri said.

Mumbai has limited''Global buying opportunities, while North India is very active in investing,' Mehta said.

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'Mature markets are no longer offering small properties and people in the North are willing to take risks,' he added. In Thailand, you can own land for a maximum of 90 years, according to a note from 99acres dated January 6, 2023. Usually, the maximum lease term is 30 years for each term, which can be extended for two more terms, they added. However, the emerging economies of Southeast Asia are not the most preferred destinations for Indians looking to invest in real estate. According to the latest wealth report, the UK, UAE, US, Canada and India are the top five destinations for Indians''prefer to invest,' said Christina Lee, head of research at Knight Frank Asia-Pacific. Only Singapore, ranked sixth, made it to the top ten list among Southeast Asian countries. According to Mehta, the trend of Indians investing in real estate will only grow. Student housing is becoming more popular and many high-net-worth individuals are looking for homes in London," Mehta said. Also, with the tightening of anti-money laundering measures and the Central Bureau of Investigation, more people want to diversify their real estate investments, Mehta added.

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