Bangalore, Pune, Chennai and Delhi complete the top five.
Dubai: Despite high property prices, India’s commercial capital Mumbai has time and again emerged as the most popular and attractive property investment hotspot in India as 35 per cent UAE-based Indian expats voted for the city in a recently conducted survey.
In the report, published by Sumansa Exhibitions, the organizers of the Indian Property Show to be held in Dubai from 11 to 13 December at Dubai World Trade Center, Bangalore grabbed the second spot with 24.13 per cent votes going for it as the most favorite city for NRI property investments. Bangalore catches the fancy of NRI investors due to its multi-directional growth in recent years plus potential of giving significant return on investment.
“In spite of the present economic conditions, property investment in India will never lose its sheen. The real estate in India continues to attract investors as the sector presents huge investment opportunities for individuals. In earlier times, most of the people purchased property for their own use but now it has also became an investment option for life time. Known for its up market locations and nodes of premium residential colonies, Mumbai stands aloft as one of the most preferred destinations for habitation in India. However, owing to the scarcity of fresh land available for construction, Navi Mumbai and other planned townships have effectively evolved as an alternative to Mumbai city”, said Sunil Jaiswal, President, Sumansa Exhibitions.
“Bangalore is one of the upcoming residential and commercial market in India. It has seen a multi directional growth in recent years. Those planning to invest in Bangalore, this might be the perfect time. There are numerous properties available in the city and majority of them are purely for investment purpose promising good returns in the future. Bangalore being a hub of information technology has been attracting real estate investors over the years. There are a few areas in and around the city that offer affordable plots with potential of giving significant returns on investment. It is the third-largest real estate investment hub for High Net worth Individuals (HNIs) and tops the list in terms of investments from Non Resident Indians (NRIs) looking at settling down in India in the future”, further added Jaiswal.