Half of all nris want to invest back home in indian property

Nearly half of non-resident Indians (NRI) wish to buy property back home in India purely for an investment, according to new research out this week from Sumansa Exhibitions. The study found that 49% of 15,000 NRIs across the United Arab Emirates would like to purchase real estate India as an investment. Mumbai and Delhi were named as the most viable areas for this.

Pune, Guragon and Noida complete the top five areas noted by NRIs for investment.

Sunil Jaiswal, chief executive of Sumansa Exhibitions, told OPP that "the survey result is not surprising as Mumbai and Delhi are the most promising markets as far as return of investment (ROI) and net profitability is concerned.”

“Both these cities enjoy commercial prominence, location advantage and increasing wealth, as such the growth momentum either has continued or is stable even if the world markets have experienced economic crisis. Factoring all the advantages these cities have, the scene will not Change in near future. NRIs do still consider that investing in these cities will be profitable.”

Source: OPP.org.uk