Mumbai comes up as an ultimate investment preference for Indians in UAE
In spite of high prices of property, once again, India’s industrial revenue generation capital Mumbai has emerged as the most prominent and interesting property investment hotspot in India. According to 35 percent United Arab Emirates (U.A.E.) based Indians; Mumbai is the best city for doing investment in property. All this came up in a recently conducted survey amongst the UAE-based Indian expats.
According to the reports published by Sumansa Exhibitions, the Indian Property Show i.e. going to take place in Dubai from 11 to 13 December at the Dubai World Trade Centre, Bangalore has managed to get the second mark with more 24.13 % votes for Mumbai as the favourite city for Non-Resident Indians property investments.
In addition, Bangalore has also grasp fancy of the NRI investors due to its multi-faceted growth in the past years in the section of information technology. Bangalore has a lot of prospective of giving important yet higher returns of investment.
According to the President of Sumansa Exhibitions, there has been a great change in the present economic conditions, and also the state of property investment in India will never lose its armour. The taste of real estate in India will always continue to catch the fancy of investors as the sector has enormous investment opportunities for everyone. In the times of yore, people use to purchase property for their own use, but now they have opted it as a medium of investment for their next generation. Mumbai stands aloof as one of the most preferred and opted destinations for living in India, as it has expensive locations and nodes of first-class residential locations for NRIs. Moreover, looking at the shortage of the fresh land accessible for constructions, there are planned townships like Navi Mumbai have emerged as a substitute to NRIs in Mumbai city.
In addition, Bangalore has also come up as one of the most commercial and residential market for investment in India. It has also seen a multi-directional growth in recent years. If you are planning to invest in Bangalore; this might be the just right time for you. There are huge properties available in the city and bulks of them are just for the investment purposes. They have a capable investment return in the future.
