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Vinod Behl  

Following massive correction in property prices due to global slowdown, Murcia Region of Spain has emerged as an attractive global investment destination. With property sector as the third most predominant sector, Murcia is wooing international investors, with a wide range of potential opportunities in apartments, villas, vacation homes, offices and business centres, shopping malls, industrial parks, hotels & golf resorts.

In the wake of global downturn in property, HNIs in India and NRIs are eyeing good bargains in overseas property market to make most of the slump in property prices. Moreover, Reserve Bank of India (RBI) has relaxed foreign investment norms and individuals can remit up to $ 200, 0000 per year to buy immovable properties abroad. In a jointly (husband-wife) owned property purchased towards the financial year end (March-April) the remittance limit can go up to $800, 0000 per year.

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