Mumbai at the top for property investments among NRIs
Recently, it has come to our notice that the developed city of Mumbai has been rated as the top most cities in India on matters of property investments in the UAE. Bangalore comes right after that. This vital piece of information has been derived out of a survey conducted.
According to a survey by Sumansa Exhibitions on matters of property in India, Mumbai continues to stay right on top with about 31.86% NRIs who showed interest in making some property investments within the city. Right after this came Bangalore. They had about 24.35% who were willing to make some investments in residential property.
Chennai and Pune were in the third spot with almost the same percentage of people who preferred these cities. Delhi came in fourth followed by cities like Cochin, Navi Mumbai, Gurgaon and Hyderabad.
Sunil Jaiswal, who happens to be the CEO of Sumansa Exhibitions, said that Bangalore’s property market has come up with resilient launches, good demands and fresh launches as well. According to experts, the residential properties in the city will continue to be a great bet for this year as well.
In fact, Bangalore happens to be the third largest real estate hub of investment for the High Net Worth Individuals. It remains right at the top when it comes to investments from the Non Resident Indians who are hoping to settle down in India near future.
Source – Realty Bites
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