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.
Bu hikaye The Free Press Journal dergisinin December 15, 2024 sayısından alınmıştır.
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Bu hikaye The Free Press Journal dergisinin December 15, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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