Survey amongst UAE based NRIs reveal their top 10 preferred Indian residential real estate hotspot cities

Mumbai retains top spot, whereas capital city loses its appeal, Ahmadabad and Goa emerge as hot destinations

25th Nov 2013, Dubai, UAE……………The city of dreams ‘Mumbai' yet again comes up as an undisputed winner and an all time favorite amongst UAE NRIs for their real estate investments as 33.7% voted for it , reveals a recent survey conducted by Sumansa Exhibitions, organizers of the popular Indian Property Show, scheduled to be held from 19th- 21st Dec 2013 at Dubai World Trade Center, Hall No. 3 from 11 am- 8 p.m. Inching closer and grabbing 2nd spot is Bangalore with 22.60% ( up by 5% from last time) preferring to invest in coming 3-6months. Pune takes the 3rd place with 17.5%, whereas Chennai at 16 % assumes 4th position and Delhi is at 5th position with only 8.6 % interested in investments in the capital city. While Navi Mumbai, Cochin and Gurgaon still remain popular, Hyderabad and Coimbatore lose out to Ahmadabad and Goa as hot destination cities for property purchase. 

“The real estate sector in India continues to attract investors despite the health of the economy. Known for its upmarket 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. IT-centric cities like Bangalore, Pune - and to an extent Chennai - are emerging as whole new real estate propositions. Our survey actually points out that Mumbai is looked for quick capital appreciation whereas Bangalore is more for ownership and better lifestyle”, said Sunil Jaiswal, CEO Sumansa Exhibitions, organizers of Indian Property Show.

“In the current scenario, the Indian property market is definitely not geared up for property 'flipping' within short investment periods, ,mid-to-long term investment options with 4-5 years window would be ideal, such an investment horizon is a safe hedge against risk related to market variations, and ensures that the property gains healthy appreciation regardless of market dynamics”, added Sunil.

More than 17500 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.

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 18 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 organises 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.