Mumbai is top choice
for NRIs (Non-resident Indians) in the UAE ( ) for investment in the real
estate sector in India, said a survey.
Sumansa Exhibitions
PO Box 118635
Dubai, UAE
About 27%NRIs chose
to invest in Mumbai, said a survey conducted by Sumansa Exhibitions, the
organisers of Indian Property Show.
Inching closer
& grabbing 2nd spot is Bangalore
with 17% preferring to invest in coming six months.
Delhi - NCR, Pune and
Chennai are the other 3cities featured in the top five.
About 14,000 NRIs in
UAE participated in the survey which was conducted to understand the reason of
buying property in India, type of property, time frame to buy, budget and
finances planned etc.
 |
| Sunil Jaiswal, CEO, Sumansa Exhibitions |
Mr. Sunil Jaiswal,
CEO, Sumansa Exhibitions, said: “In the recent times, there are more people
looking at buying a second property purely from an investment point of view and
in this case choosing the right city &
location is very important. Buyers focus is primarily on properties that
have potential for assured rental yields & capital appreciation. Mumbai
enjoys commercial prominence, location advantage & in croreeasing wealth, hence it continues to
remain investor’s favourite.
Bangalore sales market witnessed increased demand
levels both from end users as well as the investor community. The survey
actually points out that Mumbai is looked for quick capital appreciation
whereas Bangalore is more for ownership and better lifestyle. Delhi - NCR
region and specially Gurgaon has registered substantial price appreciation in
the range of 20 to 25% whereas several locations in Delhi are expected to rise
over next few months”
The study further
indicates that most NRI’s are looking at apartments as compared to plot of
land, Villas / commercial properties.
For Contact E mail :
Head Office:Sumansa Exhibitions
PO Box 118635
Dubai, UAE
contact@sumansaexhibitions.com
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