Apartments in the
price range of Rs. 40 lakh to Rs. 60 lakh are preferred category
In a survey conducted
during the Times Realty show held in Crowne Plaza Deira Dubai on March 15 and
16, 2013 an estimated 4,000 NRIs (Non - Resident Indians) visited the 2 day
show & evinced keen interest to invest in real estate.
Above 120 crore of
business was done during the show days.
In all developers
from Bangalore, Chennai, Hyderabad, Delhi, Ahmedabad, Kochi, Mangalore, and
other places exhibited a wide range of residential properties.
Besides the show has
offered free NRI advisory services and a seminar on NRI investment in real
estate was organised by Priya Publications during the show days.
For Chennai exhibitors,
the quantum of NRI demand has gone up and the preferred categories are
developed plots, villas & apartments.
Apartments in the
price range of Rs. 40 lakh to Rs. 60 lakh are preferred category on the GST
road & areas in and around Tambaram due to proximity to airport.There is
also a surge in demand for independent homes in the unit price range of Rs. 40
lakh to Rs. 50 lakh in Chennai.
A significant trend
is the spurt in migration of professionals particularly doctors and IT sector
who are looking at city properties in the price range of Rs. 1 crore and above
for periodical return on investment.
According to HFC
sources in Dubai, The average housing loan size is said to be Rs. 40 lakh to
Rs. 50 lakh for a repayment period of 10 years. Most of them prefer to prepay
the loan. The quantum of housing loan demand has gone up by 20 to 30 % over
last year.
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