Gulte News
Non-Resident Indians invest in real estate in India and it has grown over the past few years up to 17 percent of the overall primary sales in the country.
Many think that Hyderabad is the top choice of Non-resident Indians for investment in real estate. However, according to a survey, Hyderabad is not the top choice or the second. Most NRIs are interested in putting their money in Bengaluru and Mumbai.
A report by the company ‘Nobroker’ says that around 29 percent of respondents in the survey name Bengaluru as their top choice for real estate investment followed by Mumbau which garnered the preference of 24 percent of NRI buyers. The report is based on a survey conducted with over 12,000 customers.
‘With its cosmopolitan lifestyle, world-class educational institutions, and thriving startup ecosystem, the rental yield of Bengaluru has increased substantially, making it a good investment destination’ stated the report.
More than 54 percent of respondents expressed a strong inclination to invest in gated communities. The property type is 3 BHK units, with 40 percent opting for spaces with a budget exceeding Rs 1 crore. They are inclined towards high-value investments, focusing on premium and luxury real estate options.
Most of the NRIs, say 34 percent looking for real estate investment are from an IT background followed by 12 percent from the finance field and 9 percent each from entrepreneurs and the medical industry. More than 52 percent of NRI owners say they wanted property management services due to the challenges they face in managing rental properties, finding a tenant, proper inspection, rent collection administrative responsibilities, etc.
Tags NRI Real Estate
