The Three Cities HNIs Love
The reasons behind Indian real estate being a hit among global investors are many — property here is more affordable, gives higher returns, and has a huge potential for future growth. Therefore, the findings of a global survey must not surprise you. According to a survey by international real estate consultant Cluttons, India's Bengaluru, Mumbai and New Delhi have turned a favourite among high-net-worth individuals of the Gulf countries.
However, what makes these cities the top choices among HNIs?
The Silicon Valley of India, Bengaluru boasts a culture that suits expats and non-resident Indians. The city has a multi-ethnic social fabric and lifestyle to offer along with a established information technology (IT) industry, employing skilled manpower of India as well as other countries. Apart from this, availability of quality products from reputed developers adds to the glory of the city. Areas like Koramangala, Jaya Nagar, Hebbal and Sarjapur remains high on demand as there are plenty of projects constructed by reputed developers there. Automated smart homes, 24x7 concierge services, etc, are the latest fad in these projects which makes them more likeable among the rich. Here are Top 5 Projects In Bengaluru Priced Under Rs 1 Cr.
Mumbai, the financial capital of India, is an obvious choice to be on this list. The unmatched luxury properties that dominate the Mumbai skyline has been compared to what is available in cities such as London and Hong Kong. Sea-facing apartments, penthouses, branded residences; 'by invitation' only apartments have made Mumbai realty an aspiring destination to invest. Areas like Tardeo, Napean Sea Road, Worli, Lower Parel, Bandra West, Juhu and the Bandra-Kurla Complex are some of the most favourite destination for wealthy investors.
The national capital region (NCR) hosts a range of options that appeal to HNIs, with Gurgaon topping the list. The presence of prominent developers, availability of luxury brands, comparable lifestyle and posh neighbourhood are some of the features that make this location a preferred hub for investors. In Noida, localities close to the Noida Expressway have attracted the atttention of NRIs looking for properties solely for investment purposes.
Other than these cities, Kerala is the only state that got featured in the list of most-preferred investment options in the world.