India, Oct. 23 -- The majority of Indian investors planning to buy property overseas intend to invest between Rs.2.3 crore and Rs.9.2 crore, with apartments and condominiums emerging as the preferred asset type, followed by villas and townhouses, according to a joint survey by Knight Frank India and IREX.

The survey indicates that 85% of respondents plan to invest between Rs.2.3 crore and Rs.9.2 crore in overseas property. Apartments and condominiums are the preferred property type, selected by 69% of respondents, followed by villas and townhouses at 26%. Penthouses account for 4% of preferences, while branded residences account for 1%.

As many as 61% of respondents cited rental income and capital appreciation as key reasons for conside...