Mumbai and Bangalore top the charts as popular real estate investment destinations amongst UAE based Indians

Date : Nov 18, 2014

Despite high property prices Indian expats in UAE vote for Mumbai as the most preferred city for property purchases
Indian cities also feature in top 25 Asia Pacific real estate hot spots

Dubai, UAE: 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% UAE based Indian expats voted for the city in a recently conducted survey. In the report, published by Sumansa Exhibitions, the organizers of the renowned Indian Property Show to be held in Dubai this December from 11th -13th at Dubai World Trade Center, Bangalore grabbed the 2nd spot with 24.13% 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 Mr. Sunil Jaiswal, President, Sumansa Exhibitions, organizers of Indian Property Show.

"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.

Key facts from the Survey:

• Reason to purchase mainly remains own use at 54.42 %, however investment also ranks high amongst UAE Indians as 45.57% buyers want to buy for investment purpose.
• About 67.53% NRIs looking for financial institutions to finance their property purchase.
• 68.75% keen on making the purchase within next 6 months.
• 17.49% looking for affordable property between the range of 5-25 lakhs while 31% NRIs looking for properties in the price range of 76 lakhs and above, mid segment range of 26-75 lakhs is at 51.35%
• Residential Apartments are all time favorite with 79.33% interested in buying one, second by houses and villas followed by commercial property and land.

About 22,300 NRIs across UAE participated in the survey which was conducted to understand the reason of buying property in India, preferred cities for investments, type of property, time frame, budget and finances planned etc.

Indian Cities are also in the top 25 real estate destinations of the Asia Pacific region for real estate investment destinations. Mumbai and Bangalore are on the 23rd and 20th positions respectively, in the list of investment destinations covered by the 'Emerging Trends in Real Estate Asia Pacific 2014', published jointly by the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC).

Indian Property Show: The internationally acclaimed Indian Property Show is the largest Indian property exhibition scheduled to be held from 11th -13th December 2014 at Hall No. 4 Dubai World Trade Centre. At the show, you can be assured of best property deals and knowledge to help make your dream of owning or investing in Indian real estate come true. This 3 day exhibition will offer a snapshot of Indian property market as a whole. With more than 50,000 properties, 600 projects exhibited by over 170 developers you will be able to look at a spectrum of properties available, different investment options, financing sources, Vaastu consultations and sorting out legal queries, all under one roof. The property developers who will be participating include best of the Indian real estate and construction companies in India. The exhibition also features not-to-be missed property and investment seminars by some of the most influential property industry gurus, international fund managers, and legal advisers. These seminars aim to guide you on the booming real estate market within India and help answer crucial questions.

About Sumansa Exhibitions:
Founded in the year 2006, with its headquarters in Dubai and innovation at its core, Sumansa Exhibitions are organizers of consumer focused exhibitions and events .Their flagship exhibition Indian Property Show is an internationally acclaimed event showcasing Indian Properties to NRIs across the globe. Indian Property Show is one of the best property shows in the world and one of the most awaited events of Indian properties in several countries. So far, the company has successfully organized 21 international shows in locations such as UAE, Qatar, UK, South Africa, Singapore and Hong Kong, in a span of 7 years while the list is ever increasing. Sumansa Exhibitions also organizes the famous "Ramadan Night Market", a fun consumer fair during the holy month of Ramadan. Going forward the company plans to diversify its portfolio by bringing in unique and innovative consumer events to UAE and other parts of the world. Sumansa Exhibitions specializes and has extensive experience of conceptualizing and managing events that make real sales for exhibitors. Simply put, they have made exhibition marketing and management a science that creates benefits for all.

Source And Courtsey By:-http://www.zawya.com/story/Mumbai_and_Bangalore_top_the_charts_as_popular_real_estate_investment_destinations_amongst_UAE_based_Indians-ZAWYA20141118064407/