Hoteliers of UAE keen to invest in properties in India to fetch RoI
Vinisha Khiara and her husband Gautam, hoteliers in the UAE, already own an apartment in their hometown Mumbai and are keen to invest in properties in India that would fetch them handsome return on investment (RoI) five years from now.
The enterprising couple, after some good research and bargaining, recently picked up three apartments in Bangalore. Bulk investment offered us a good bargain along with one-time registration process and will also help in easy monitoring of properties going forward says Vinisha. NRIs that have so far shown interest in buying properties in overseas markets are now keen to invest in Indian real estate. They are making bulk purchases, getting decent discounts, and expecting good returns in anticipation of a revival in the market. Property markets in Bangalore, Ahmedabad and outskirts of Mumbai, including Ambernath and Navi Mumbai, are generating good interest among buyers in the UAE, Singapore, the US and Canada.
According to a recent Assocham survey, Indian property developers are anticipating a 35 percent rise in inquiries from NRI based buyers against last year’s about 18 percent. NRIs feel confident about the new government in India and are waiting for an investment friendly market in various fields the study added.
Source: The Economic Times
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