(MENAFN - Khaleej Times) A showcase of indian real estate for high networth investors in the uae is launching today in dubai.
raffles residency will preview its maiden real estate venture in india — raffles park — today in dubai. — supplied photo
raffles residency private limited an entity of the singapore based jumabhoy family specialising in luxury residences will preview its maiden real estate venture in india — raffles park — on may 30 and 31 in dubai and june 1 in abu dhabi.
raffles park is being built in a prestigious residential area whitefield in india’s “garden city” of bangalore. it is designed by singapore’s award-winning warner wong and wow architects and has been planned as a garden enclave with 61 five-bedroom villas spread across 15 acres.
making the announcements at a roundtable in dubai iqbal jumabhoy joint promoter for raffles residency said: “the uae is an extremely important market for our flagship project in india. it is a mature real estate destination with residents exposed to upscale developments and state-of-the-art amenities. evidently the nris settled here have an appetite for world class facilities that we will now offer them in their home country.”
earlier in 2014 a jones lange lasalle study cited bangalore as the most preferred destination for investments from nris and the third-largest investment hub for high networth individuals (hnis). the city also boasts more than 10000 individual dollar millionaires among the highest in the country according to a jones lang lasalle india report.