Monday 15 September 2014

Real Estate in India

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. 

This sudden surge in attraction for buying properties in India especially by NRIs has been attributed by the election of the new government and people’s confidence in the new Government policies. Indians currently living abroad have shown an interest in migrating back to the country and settling here in the recent years. 

Apartments in Goa
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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