Sources said, ''Indians already are the largest buyer group across all real estate in Dubai. The enquiries have gone up and we could expect a rise in transactions.
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Land and propery prices in cities like Mumbai have risen by 40-50% since 2009, leading some rich Indians to go off shore. In some areas of Mumbai, like in the far north, real estate prices have passed 2008 peak values. On the other hand, Dubai is getting a lot of attention after a correction of nearly 30 to 50% per cent.
Other countries like Malaysia, Singapore and Mauritius are also attracting Indian investors. Some are buying for children who are studying abroad and some people are buying second and even third properties as holiday homes.
People are buying property abroad because these are even cheaper than in India, which makes it perfect for getting a second, or a third home.
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