Although there is a downfall in the Indian Realty since 2008, American NRI’s are eager to invest in Indian properties. Not wrong in mentioning, Bangalore is the only preferred location for most of the Indian Techies and other settled in America says the sources to the www.propertykhazana.com . Earlier we posted that 50% of NRI’s are likely to invest on Indian properties. The reports further said that more than 45% of NRI’s are seeking financial support from the banks to invest in India and the income thus generated every month shall be credited for the housing loan availed.
Meantime, there was a Property Show held in Edison and Santa Clara for 2 days and a survey was also conducted to know that how many NRI’s are interested in Indian Real Estate investments and it is revealed that Bangalore stands at the top fallowed by Chennai in South India. It is also said to the www.propertykhazana.com that the NRI’s are excited considering the cities like Pune, Ahmedabad, Delhi, Gurgaon, Jaipur, Noida while some opted the cities like Mangalore, Mysore, Madurai, Vizag, Vijayawada, Coimbatore, Dharwad. If it is only for the investment then the class 2 cities are expected with good appreciations in the short time then the metro cities.
The survey reports further states that there is equal keen among the NRI’s to invest on Villas and Villa plots especially in the south India and some wished to invest on Hotels, commercial spaces and malls. The purpose of investing in Indian properties is for regular, secured and good income and the NRI’s now considers as the right time for property transactions before the heat starts.
There was a boom in the realty sector some time back and later the situation is reversed and here in India the IT professionals were paid with enough salaries during that period which gradually increased the scope for realty. Presently the sources claiming at the www.propertykhazana.com reveals that, there is no job security for the Techies settled in US and before the situation turns worse many are planning to buy the properties in their desired cities in India and be back to home.
If the revealed information to the www.propertykhazana.com is to be believed then the Price fall has shown a bad impact even on the US economy and many US housewives are worried about their property or wealth decline and similarly, there went a big recession in America and the unemployment rate has increased from 5.8% - 9.6%.
Source: NIMMA BENGALURU
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