Property Game-Changers
The Free Press Journal|December 15, 2024
Owning a property in a complex with NRI or celebrity residents can offer prestige and increased value, but it also comes with unique challenges
Chandresh Vithal
Property Game-Changers

Having a Non-Resident Indian (NRI) or a celebrity as a neighbor in your residential complex can bring a unique charm to the community. In cities like Mumbai, where star power and exclusivity matter, this can significantly impact the property market. Let's explore how such high-profile ownership plays out and what it means for you.

The Impact

1. Higher Property Values

Properties in complexes with celebrity or NRI owners often see a price bump—sometimes as high as 15 to 20%. Their presence adds prestige, especially in areas like Bandra or Juhu, where premium homes are already in demand.

2. Increased Demand

A celebrity or NRI connection makes the property more desirable, attracting buyers and investors who want the added allure. This often leads to faster sales and a strong resale market compared to similar properties nearby.

هذه القصة مأخوذة من طبعة December 15, 2024 من The Free Press Journal.

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