Most UAE-Based NRIs Keen To Buy Property In India; Bengaluru And Mumbai Preferred Choices

Friday, 29 May 2015, 11:09 Hrs
28
cmt right
29
Comment Right
43
cmt right
5
cmt right
Printer Print Email Email


ABU DHABI: Almost 80 percent of non-resident Indians (NRIs) in the United Arab Emirates (UAE) want to buy apartments in India, with Bengaluru and Mumbai being the most preferred choices, a survey has revealed.

The poll showed that 79 per cent of the buyers were interested in buying apartments as compared to plots, villas or commercial property in India, with 72 per cent planning to purchase the property in the next six months, Arabian Business online reported.

"Today, Bengaluru is a much sought after city with NRIs returning to India. Many are keen on making the city their home," Sunil Jaiswal, president of Sumansa Exhibitions that conducted the research said.

"The city has evinced so much interest among NRIs of late that even those who have not had the occasion to visit the city have plunged into investments in real estate here. It is most popular among techies and skilled professionals," Jaiswal added.

Following Bengaluru and Mumbai, NRI property investors also considered Chennai, Pune, Cochin, Delhi, Hyderabad, Navi Mumbai, Goa and Ahmedabad.

The survey showed that 67 per cent of buyers were in the age group of 31-50 years.

The UAE is home to around 2.6 million expatraie Indians, according to Indian embassy.
READ ALSO:
WWDC 2015: Apple's Biggest Event Set For June 8
Political Richie Riches: 10 Wealthiest Indian Politicians


Source: IANS
SPOTLIGHT
Finance
The Department of Telecommunications (DoT) in consultation with the Finance Ministry plans to spli..
Career
IIT Roorkee organized an MoU exchanging ceremony between the Govt. of India Department of Scie..
Technology
Facebook ruled out a cyber attack on its products Whatsapp, Instagram and Messenger, which suffere..
Entertainment
First things first. "Made In Heaven" is the sexiest webseries India has produced, no doubt about i..
US Indian
An Indian-American teenager has been conferred with the 2019 National STEM (Science, Technolog..
Startup City
India Accelerator, a GAN partnered, mentorship-driven, acceleration program hosted ‘The Inner Ci..
Business
Hinduja Global Solutions here on Monday said it has set up a centre of excellence to train disable..
Enterprise IT
PayByPhone, the global leader in mobile parking payments, today announced that it will appoint And..
Gadgets
Chipset-making giant Qualcomm has listed chipsets such as Snapdragon 855, 845, 710, 675 and 67..