Trichy attracts more NRIs

The number of non-resident Indians (NRI) hailing from the central districts — particularly those working in Singapore and United Arab Emirates (UAE) — buying property in their native place has been going up gradually, say real estate developers here. On an average, at least four of the 10 customers purchasing flats in the city and its suburbs happen to be such ‘local’ NRIs who want to spend their retirement life back home. According to the developers attending the three-day property expo launched here on Friday, the NRIs who work in Singapore, UAE, Malaysia and the United States and are settled there showed immense interest in purchasing individual villas and premium flats here in 2018 compared to 2017. “More than the projects that are under construction, our customers who are NRIs prefer completed and ready-to-occupy projects irrespective of the pricing,” AbhayBengeri, head of sales, South India Shelters private limited, said.