Broadly, the pattern of investments — as spelled out in Jones Long LaSalle’s report on “UK-India Cross-border Residential Investment 2008” — goes in favour of (a) integrated townships and gated communities where walk-to-work concept is applicable and schools/hospitals exist nearby; (b) golf-centric properties that are preferred by HNWIs; (c) second or third homes that can be used as holiday homes, either by the sea or in the hills, which are expected to take shape as wealth accumulates in more and more hands; and (d) pilgrimage houses, probably high-end villas, in temple towns such as Nashik, Tirupathi and Nathdwara that will take care of the religious-minded among the NRI population who come on regular visits.
Another significant trend in NRI investment is that 3BHK accommodations are the most sought after closely followed by 2BHK homes. Villas and penthouses are also going up the demand chart. High specifications play a crucial role in attracting these investments. Internally they include air-conditioning, power back-up, wi-fi capability, solar water heating and luxury entrance lobbies with CCTV. The externals consist of swimming pools, health and sports facilities and quality security surveillance.
Source: www.realtyplusmag.com
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