UAE-based NRIs keen to buy apartments in India - poll

72% of 15,000 non-resident Indians surveyed say they aim to purchase within 6 months; Bangalore, Mumbai are top picks

Nearly 80 percent of non resident Indians (NRIs) are keen to buy apartments in their home land, with Bangalore a top pick.

Nearly 80 percent of non resident Indians (NRIs) are keen to buy apartments in their home land, with Bangalore a top pick.

Nearly 80 percent of non resident Indians (NRIs) are keen to buy apartments in their home land, with Bangalore and Mumbai named as the preferred locations, according to a new survey.

The poll of 15,000 NRIs living in the UAE also revealed that 72 percent of those buyers aim for a purchase within the next six months.

The reseach released by Sumansa Exhibitions, the organisers of the Indian Property Show, showed 79 percent are interested in buying an apartment compared to plots, land, villas, commercial or retail in India.

According to the findings, Bangalore topped the charts for NRI property investments alongside Mumbai, followed by Chennai, Pune, Cochin, Delhi, Hyderabad, Navi Mumbai, Goa and Ahmedabad.

The survey showed that the highest number of buyers were in the age group of 31-50 years at 67 percent of the total.

It also showed that 55 percent were looking to buy for their own use with 45 percent seeing it as an investment.

Sunil Jaiswal, president, Sumansa Exhibitions, said: “2015 is expected to be a happening year for the real estate sector. Bangalore is an end user-driven market. The city has managed to survive the onslaught of the slowdown which gripped the country a few years back.

"Today, it is a much sought-after city with NRIs returning to India. Many are keen on making the city their home. The city has evinced so much interest among NRIs of late that even those who have not had the occasion to visit the city have plunged into investments in real estate here. It is most popular among techies and skilled professionals," he added.

The Indian Property Show takes place at Dubai World Trade Centre on June 11-13.

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