Sumansa Exhibitions, the one who organizes Indian Property Show, released their latest report which indicates that large number of NRIs from UAE is interested in owning an apartment in comparison to land, plots, commercial or retail, villas in India. Interestingly, this research has put light on many other facts which were otherwise hidden behind. This discovery revealed that, most of the NRI’s are choosing Bengaluru for the property investments which shares location with Chennai, Pune, Mumbai, Hyderabad, Delhi, Cochin, Ahemdabad and Goa.
The main reason behind NRIs attraction towards apartments is its security and safety. There are some other important reasons also behind increasing preference of the apartment, like-unbreakable supply of gas, water and power backup. Apartments offer lots of other benefits within secured gated community – maintained garden, trouble free maintenance services, club facilities, etc.
“Year 2015 will probably prove to be an exciting year for realty sector. Bengaluru is known as end-user driven market. This city has handled to bear the loss grabbed the country some years back. The city has managed to maintain the sales and also come out with highest number of projects in 2014. Bengaluru is the fastest growing metropolis in the whole Asian continent. For over a decade, the city is famous all over India for its modern outlook, wonderful climate, and for the respect of different cultures. In the present time, it is becoming a hot spot for NRIs coming back to India. Most of the NRIs are interested to own a house here in this city. The city has created so much impression outside India, that those who have not visited here even once, they are also interested to Make Real Estate Investment here. It has been noticed that mostly techies and skilled professionals are interested to make an investment here, said Sunil Jaiswal, President-Sumansa Exhibitions, the organizers of Indian Property Show, the most awaited show about Indian Properties in Dubai is going to be held from 11th-13th June 2015at Dubai World Trade Centre.
Main points from the survey:
- 67% of buyers are from 31-50 age groups.
- Those who want to invest in a property for personal consumption are 55 % and others just to put money in a property in order to keep it safe for future.
- 79% of buyers believe in investing in residential properties like apartments, villas and land. Commercial properties are not preferred much for this purpose.
- Around 65% of people are dependent on financial institutions to finance their investment plan.
- Those who want to make immediate purchase within 6 months are 72% of people. 11% are not specific for the time limit. Rest of the people will plan to make a purchase in next 1-2 years.
- Demand for high profile home is 17%, Bengaluru is a cup cake destination for real estate investment in luxury homes.
Over some 15,000 of NRIs from UAE included in the survey conducted to know the reason behind choosing property investment in India, which cities are most preferred, type of propertry, budget, and finance plan.
