Bangalore As Next Property Hub Says Global Associations

Global real estate business association Paris based International Real Estate Federation (FIABCI)

, with the member of representation in 60 countries focusing on Bangalore as a regional potential business hub. Business houses in the West are looking at emerging market for opportunities in India. Whereas India scores the high on this front with its talent pool, potential for IT-related development and domestic consumption.

Apart from Software, Bangalore holds the potential areas of BPOs, Finance, Infrastructure and retail from a perspective view of development of property in Bangalore. FIABCI being the platform that brings together all vertical aspects of residential property in Bangalore to facilitate real estate transactions across the board. Possible for the business houses abroad to source and evaluate commercial and residential property in Bangalore while seeking a base in the region.

FIABCI facilitates developers and brokers to transact globally and tap the in potential commercial hub. Realtors here and abroad get to tap the global marketplace through the database and network of brokers provided by FIABCI.

Recent development in the market of property in Bangalore is the increasing demand for NRIs. Depreciation in rupee value has made property in Bangalore a potential investment avenue. Increasing buying power of the dollar and availability of options across locations here is drawing NRI investors from different part of the world. High Networth NRI individuals and the corporates based abroad forms a niche market for realtors to strike gently.

As today people believe that property is a safest investment avenue given the dynamics of population and demand. Consequent demand for spaces are keeping the prices of property in Bangalore on an uptrend. Only property as an asset class has given the yielded significant returns in India during the time of a global slowdown. Showcasing the potential of Bangalore as an investment destination for both corporate houses and property investors through trade fairs and conventions of global trade bodies. The trade bodys initiatives helps push the case of the city by providing the awareness created through them.

FIABCI showcasing the properties here and recognises excellence, by promoting the Bangalore city as a location that offers world-class built environments. As people are aware of the economic development happening in India the huge talent pool comes at a competitive cost a major draw for entrepreneurs abroad.

As stated by Mr. Kirkor Adjhernayan, president of World Council of Brokers, FIABCI- during his visit to Bangalore he founded that the people are open-minded. As he visited some commercial facilities and they are of global standards Bangalore now has long-term potential and this will strike investors in the West.

Considering the current market trends and scenario, it is a favourable time for NRIs to invest in real estate in India. All investment options such as plots, apartments, office space, etc which are for Indians are also open to NRIs. However, apartments are most sought-after and preferred by NRIs.

Practically speaking, almost 70% purchases are residential units, but there are also commercial office investment options available for investors who plan to have a business set up in the country.

by: lokeshmanu24

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