Real Estate industry in India is about to see a rising trend
in the upcoming fiscal year despite its low growth rate of 18% in the last
Fiscal year. According to an industry survey where 850 Real estate developers
all around India were questioned, a rising trend has been observed in Real
estate purchases in India by NRI's. According to these findings it has been
estimated that the property purchases by NRIs in India is expected to rise by
35% this year.
Akar Harmony Goa |
The larger number of inquiries coming from abroad is from the
Middle East, Singapore, USA and the UK for both residential and commercial
properties in India. The most preferred destinations for real estate purchase
in India that are trending are Banglore, Goa, Chennai and Ahmedabad. It would
be interesting to note that the preference for high end residential and
commercial property is all the rage among NRI as per study indicates.
This expected surge of buyers may lead to higher property prices especially for Apartments in Goa where the real estate market has always attracted buyers of Real Estate.
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