Indian investments in foreign real estate, especially in Europe and UAE, surge due to Golden Visa schemes and high rental yields of over 7%.
Global property market transactions fell 46% in Q1 2008, but investment in Asia and emerging markets continued to grow, driven primarily by acquisition of land and development rights.
Asian property investment hit a record $121 billion in 2007, a 27% year-on-year increase, despite the global credit crunch.