| Punjab Real Estate: Punjabis Wanna Come Home | | | | real estate industry is the 50:50 joint venture |
| Hot speculation about young and old NRI techies | | | | forged between Delhi's DLF Universal and $5-billion |
| wanting to come home has led entrepreneur T.S. | | | | worth UK developers, Laing O'Rourke. A coming |
| Dhillon to chalk out plans for a comfortable | | | | together of two real estate development Goliaths, |
| housing society for NRIs in Mohali. Inaugurating his | | | | with a view to providing world class construction |
| NRI Services Centre in Sector 34, Chandigarh, | | | | and infrastructure projects in the country. |
| Dhillon said his impetus for planning a housing | | | | Already, with a presence in Chandigarh, perhaps, |
| society was the number of NRIs wishing to return | | | | DLF and its new partner will be roped in to |
| home, or those that were on the verge of | | | | construct the NRI Township. |
| permanently severing ties with the homeland due | | | | If that doesn't attract the NRI crowd, yoga and |
| to long pending property disputes. | | | | meditation centres, rejuvenation spas are the |
| Settled in UK, Dhillon, an NRI himself, is acutely | | | | next new hot options in real estate investment. |
| aware of the issues and problems NRIs face | | | | From Anandas in the Himalayas to Satvik resorts, |
| when they come to India. Talking about reverse | | | | Bhimtal, INYS and Shreyas in Bangalore, now a |
| brain drain, he agrees NRI professionals seeking | | | | little closer to home, ‘The Kikar Lodge', a |
| greener pastures are returning to India in hordes, | | | | nature resort is as much in demand with the |
| followed by Punjabi elders who even after years | | | | young as with the old, for hosting corporate |
| of living in firang land could not get the wheat and | | | | meets, business dinners and family outings. |
| mustard fields of Apna Punjab out of their minds. | | | | Nestled amidst 1800 acres of forest, 70-kms |
| Lonely, with children busy with careers in USA, UK | | | | from Chandigarh, the Lodge is a 2.5-acre resort |
| or elsewhere, elderly NRIs are just as keen to | | | | that has received immense response from |
| return to Punjab as the young techs wanting to | | | | Jullunder, Amritsar, Ludhiana and Delhi, as well as, |
| be a part of and to participate in India's upbeat | | | | the inbound traffic to Manali. |
| economy. | | | | Encouraged by its reception, owner Amarinder |
| Wanting to attract them with a lucrative | | | | Singh Chopra has two similar projects in Kasauli in |
| proposition, Dhillon says: "We have planned a | | | | the pipeline. The resort built at a cost of Rs. |
| society exclusively for NRIs in Mohali. And, I am | | | | 2.5-crores is in close proximity to Anandpur Sahib |
| sure once we start talks with the government; | | | | that means it is absolutely sold out at the time of |
| they would be willing to give us land." | | | | the Hola Mohalla. |
| The other ground breaking news to jolt the Indian | | | | |