Indian Expats In UAE Rush To Buy Home In India, 59% Increase In Interest

With the implementation of RERA and GST that promotes further transparency, NRIs seem to be putting more trust in Indian property with a potential surge in investments. A survey conducted by Indian Property Show reveals an increased urgency among UAE Indian expats to purchase a property back home, showing a rise of 59% compared to June this year.

According to the survey, 13% want to buy immediately as opposed to only 8.15% in June; whereas 35% are keen on buying within next 3 months, compared to 16.23% earlier – indicating a steep rise of 115%. In all, 70% NRIs have shown interest in buying their dream home in India within next 6 months, up by a mere 44% a few months ago.

The study also reflects a sharp increase in the number of NRI buyers looking to finance their property purchase at 67% compared to 53% last time around; this indicates a leap of almost 26%. Moreover, it was intriguing to note that a large number of young Indian expats, mainly the millennials are eager to buy their dream home in India.