Mumbai over UAE- Indians abroad want desi property
Non Resident Indians from all over the world and especially UAE have their eyes on Mumbai properties. They look at the investments here for long term gains, which is why the commercial hub of India has been upped as the best place to put money into, more than Bangalore says a source.
With 31.86 percent to its credit over Bangalore, Mumbai is the destination for NRI’s to make property investments at. Bangalore came in second at the recent survey conducted by an eminent source, at 24.35 percent, where NRIs wouldn’t mind investing. Following them came Chennai and Pune, both on third place and with percentages equal, while the nations capital came fourth and following them were Kochi, Navi Mumbai, Gurgaon and Hyderabad, respectively.
The rise in demand for property across Mumbai and Bangalore cities was because of the advent of many new trends and launches in the cosmopolitan hubs. Prices were resilient and the demands for the same were high, say experts with realty sectors. This is why, 2014 has seen many NRI’s placing their bets on Mumbai more than any other city, since the High Networth Individuals would have interest in the investment hubs for a long time to come, and some of whom would want to come and settle down here too.
Source- The Hindu Business Line
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