Lucknow Properties Attract Gulf NRIs
Residential property in Lucknow has become a highly desirable choice for Non-Resident Indians (NRIs) working in the Gulf region. A substantial number of individuals from Lucknow are employed in Dubai and other Middle Eastern countries, and many are now seeking high-quality living options back in their hometown. An increasing number of these Gulf NRIs are making significant investments in Lucknow real estate, primarily as a means of securing their future after retirement.
Lucknow's Residential Market Shines at Dubai Property Show
This burgeoning trend was evident at the Indian Property Show held in Dubai in December 2007, where properties in Lucknow drew considerable attention. The event saw substantial interest in Lucknow real estate from Gulf expatriates.
“There are a large number of NRIs in Dubai who have shown interest in buying a property in Lucknow,” stated Mr. Kunal Banerjee, president of corporate communications and marketing at Ansal Properties and Infrastructure Ltd.
Luxury Villas Targeted at NRIs
Ansal Properties' Golf Villa, located within the prestigious Sushant Golf City in Lucknow, is a prime example of the type of development attracting NRI investment. Priced at approximately Rs.25 million, these villas are primarily targeted towards NRIs and high net worth individuals. The driving forces behind this interest are a combination of factors including an emotional connection to their homeland and a desire for long-term security among Gulf NRIs.