BANGALORE: At a time when the property prices in Bangalore are shooting up, making it beyond the reach for the common men, more and more Non Resident Indians have shown keen desire to invest in the housing sector in the city. In the last couple of years, investment interests in the real estate sector in Bangalore have risen considerably.
Realty experts say, more and more ‘outsiders’ are investing more and more into housing sector in the city, as Bangalore for them was a better option than many other cities in the country.
Speaking after the inauguration of the State Bank of India (SBI) and Consortium of Real Estate Developers of India (CREDAI) realty expo in the city,
Organizers say NRIs from the United States and the Middle East are investing almost 80 per cent in the NRI category. NRIs from Australia, New Zealand and Singapore are also showing keen interest for property investments in the city.
Around ten years ago, around 40 per cent investment came from NRIs and 60 per cent from domestic investors. But now that trend has been reversed. Now more and more NRIs are investing in the housing sector as soaring prices of properties have rendered made them less lucrative investment option for the common men.
This comment has been removed by the author.
ReplyDelete