GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate and Retail

 
  Share

A huge climb of 110% observed in the category, investment appetite for the higher budget homes up by 45% 
Mumbai, Chennai, Bangalore, Delhi, Hyderabad and Pune remain top favorite investment cities.
Kannur, Thrissur, Thiruvananthapuram emerge as new destinations.

May 30, 2017; Dubai, UAE:  In a survey conducted amongst 10,000 UAE based Indian expats, the organizers of the upcoming Indian Property Show unearthed some interesting findings.  Interestingly enough, more NRIs are now interested in securing an additional investment; a rise of 110% is witnessed in this segment from 20% last year to 42.12 % now. Moreover, there is a major increase of about 45% in the people looking to buy homes in the budget range of INR 51-75 lakhs (AED 290 K – 426 K), from 21% last year to 30.48% this year. 

Furthermore, although Mumbai, Chennai, Bangalore, Delhi, Hyderabad and Pune remain the top favorite cities amongst the Indian community here, Kannur, Thrissur and Thiruvananthapuram emerge as new destinations of interest and growth.

“NRIs are crucial stakeholders of the real estate industry. In 2017, total NRI investment in realty in top eight cities is expected to touch $11.5 billion (AED 42.20 billion). This will represent 20% of the total market share, currently estimated at $60 billion (AED 220 billion)”, said R. Srividya, General Manager- Corporate Sales & Brand Engagement, Indian Property Show, Sumansa Exhibitions.

The Indian Property Show, now in its 20th edition will be held from June 8-10th, 2017 at Dubai World Trade Centre. The realty expo has been at the forefront of guiding NRIs through the process of property buying and helping them realize their long cherished dream of owning a home in their home land by bridging the gap and providing a seamless platform for the exchange of information between the Indian expats and developers from across India.

The survey uncovered a number of interesting trends related to NRI investments into their home country and 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.

Some other interesting findings of the survey are:

  • Apartments remained a favorite choice for investment at 46.97% followed by villas (27.35%), land (15.08%) and commercial (10.60%).
  • Sharp increase within 41-50 years age group of people looking to buy property in India – from 25% to 37.78%. Almost 51% increase from last year.
  • Majority of interested NRI buyers from UAE fall within the Monthly Household income bracket of AED 10,000 -20,000 at 39.17%, whereas 2nd biggest group earns between AED 20,000 - 30,000 at 22.01%.
  • Decline in intent of purchase within the budget ranges of INR 5-25 lakhs (AED 28 K to 142 K) (19% to 14.3%) and INR 26-50 lakhs (AED 148 K to 285 K) (26% to 21.94%).
  • 32% increase in the NRIs looking to purchase in the budget range of INR 51 lakhs -1 crore (AED 290 K – 570K) (37% to 48.38%).
  • Almost 12% increase in the budget of INR 76 lakhs to 1 crore (AED 432 K to 569 K) (from 16% to 17.9%).



Posted by : GoDubai Editorial Team
Viewed 10443 times
Posted on : Tuesday, May 30, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Strategic MoU encourages women into real estate sector in Saudi Arabia
Next Story : Wasl Properties Launches Ramadan Arts Competitions to Celebrate the Holy Month
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Filorga Launches FLASH-NUDE Collection
The Rado DiaMaster Petite Seconde Automatic COSC The Rado watch at the top of th...
Maintain Healthy Skin Year Round
PopSockets launches a new collection with crystals from Swarovski, the must-have...
Free gold coins at Malabar Gold & Diamonds Festival
MIDO Baroncelli Lady Day & Night collection
24 Karat Gold Elixir by Mehrunisa Launches in the UAE Beauty Market
Interview with Asil Attar, CEO of Al Yasra Fashion
Holiday Gifting Made Easy with Wet n Wild Beauty Specials
Get Ready for Party Season with Lottie's new make-up hits
GAZOO Racing Wins Australia Rally at FIA World Rally Championship
Golden Mile Galleria's ‘A Cultural Flair' attracts hundreds of art lovers to Pal...
Festive Gift Sets from Bubble T
Tissot PR100 Lady Sport – Chic Glamourous Festive Season
Winter wool Christmas must- haves
Time For Enchanting Moments
Samsung Galaxy A9 – Designed to capture the world in its fullest
New 1948 Seamaster Watches Join the Ranks'
Michael Kors Collection Transeason 2019 Press Presentation
Chic and Stylish Wraps with a 3 in 1 effortless concept
Els Back for the 30th Omega Dubai Desert Classic Aiming for a Record Fourth Victory
9th Edition of China Homelife Exhibition to Have Over 3000 Exhibitors Across Bus...
Tissot PR100 Lady Sport – Chic Sporty yet Feminine
New Menu alert: Moombai & Co. launches exciting and delicious food items to its menu
Five-Star Euro NCAP for Jaguar's Electric I-PACE
DKNY Launches (Limited Edition) Holiday 2018 Collection
Global Knowledge Index 2018 and The Future of Knowledge: A Foresight Report shin...
France Attractiveness Scoreboard 2018 Released
Dubai Shopping Festival Wednesday Specials at The Smile Bar
Dubai's Most Magical Festive Market Opens at Dubai Festival City Mall
Ring in a dazzling festive season at Ibn Battuta Mall
Raja Al Gurg is one of Forbes Magazine's 100 most powerful women in the world
Get Party Ready with Champion Cleaners
Nine winners honored by DQG for their innovative ideas at the 10th Global Contin...
Dubai Customs wins 3 awards from Ideas UK 2018
Jury Announced for Epson's First Ever Win-A-Robot Competition in Europe, The Mid...
Spinneys Dubai 92 Cycle Challenge | Road Closure Timings
New ACH145 Mercedes-Benz Style Cabin Model Highlights First Presence at MEBAA fo...
Al Hosn Now Open to the Public
No P-ain, No G-ain! Mega Musclemen Return to Dubai
ICAEW recognises Middle East's best finance professionals
Voting on UAE Superbrands 2019 Begins
It's a Wrap! The Second JLT Restaurant Awards Conclude with a Glitzy Ceremony At...
His Highness Sheikh Saud discusses collaboration with British Consul-General And...
CBUAE and Central Bank of China meet to Enhance Renminbi Clearing in the UAE
Young Emirati Champion Rashid Al Dhaheri Powers Ahead to Stunning Victory at the...
Arla Foods launches initiative with UAE Ministry of Education to promote healthi...
Abu Dhabi International Airport Becomes First Transport Hub to Harvest Energy an...
Zayed Book Award Longlist Announced for ‘Young Author' Category (2018 - 2019)
Ford's Desert Driving Tips, Episode 4: Driving Safely in the Desert