In a short span, the company has successfully served over 1000 NRI families and have witnessed a strong 20% increase in demand from Indian expats in the 2nd quarter of 2012. UAE based NRIs are generally looking for investment property back home (rather than end use) within a price range of 75 lacs to 1.5 crores with an assured return.
In GCC alone, an estimated 55-60 lakh NRIs are working today including semiskilled and unskilled labourers. According to banks in the Gulf, the average home loan size is Rs 30-70 lakhs and the predominant demand revolves around apartments. The overall home loan business in Dubai alone ranges from Rs 720-800 crores, according to an Economic Times report.
Honey Katiyal, CEO, Investors Clinic, said, “Rupee falling might be a bad news for India but real estate tends to gain from the development. It is the time when Non Resident Indians (NRIs) will benefit the most in Indian real estate market. The real estate market especially in Delhi NCR is vibrant with offerings for every segment. The NCR is the largest residential market in the country by sheer volume of residential units launched. Currently, it has more units than the combined tally of the other five metropolitan cities of Mumbai, Chennai, Bangalore, Kolkata and Hyderabad.”
“It is the market that will give maximum returns to the NRI investor. The reason for good appreciation is the movement of people to these places because of employment opportunities. It is the market that will never let down the investors. If we talk about end users then also Delhi NCR is the best place to buy property. The infrastructure here is incomparable to other places and it is improving day-by-day. As the places are evolving the prices are at competitive best and one can get good deals here. Since the rupee started falling NRIs are showing interest in Indian real estate market. Not only Delhi but other metros are witnessing queries pouring in,” added Mr. Honey Katiyal.
Investors Clinic provides wide-ranging services including due diligence, selection, buy and sell transactions and management of property and investment portfolios, providing services related to home loans, resale of existing properties. Investors Clinic provides one-stop solutions to the real estate needs of individuals and institutions alike. Be it residential real estate, commercial real estate or farmlands, Investors Clinic has in its bouquet, a solution to suit every need and budget. The company has a team of professional and highly experienced real estate agents to understand and deliver up to the expectations of its clients.
Besides marketing and brokerage, the company has launched home loan facilitation services called Loan Clinic. It also plans to launch Interiors Clinic, focused at owners of ready-to-move-in properties where the company will offer turnkey solutions, covering electrical, woodwork, bathroom and other fittings.
Tuesday, June 5- 2012 @ 15:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.