Indian builders vie to do business at Muscat property exhibition

A two-day international property exhibition,  ‘Times International Property Expo’, will begin in Muscat from February 21.  To be held in the Al Falaj Hotel, Ruwi the fair,  organized by Arabian Gate Expo, is expected to showcase more than 200 realty projects from five nations, Including India, to discerning customers in the sultanate of Oman.

Real estate developers and property builders from Oman, UAE, Kuwait, Kenya and India will show their best housing projects and commercial properties to bring the best value for money to the customers, Muscat Daily reported. 

Among the countries participating in the exhibition, India has the biggest pavilion with more than 40 builders making a pan- Indian choice to select their property. Sponsored by leading realtors such as Shobha Developers, Ansal Api, Jaypee Greens, Wave Infra tech, V S Realtors and India Bulls who is into housing and housing finance, the Times property show offers some of the best deals with opportunity to find the right financier to suit the budget of every customer. 

QVC Realty, Kent Projects, Boopathy Housing, Raghavendra Builders & Developers, Greater Bangalore, Pooja Ventures, MCB Developers, Vyasthi Projects from Bangalore and Chennai. From Kerala, about 40 developers are presenting their prime properties. With India's budget announcement round the corner by the month end, the year 2013 offers scope on many fronts for the real estate sector such as reduction of lending rates, fiscal sops for affordable housing and budgetary measures to boost home buying. It is estimated that 25 to 30mn Non-Resident Indians (NRIs) are keen to invest in their home country in real estate.

The lenient Foreign Direct Investment (FDI) has boosted the confidence of NRI's to select markets across the country. According to the Confederation of Indian Industries (CII) India's real estate sector is expected to grow to a US180bn by the year 2020. This indicates that there are better days ahead for investors in real estate across the metro cities including Bangalore, Chennai, Delhi, NCR region and upcoming markets in Kerala and Kolkata.

For the long-term investors, investment in plotted development projects and commercial office space market continue to attract investors. The total office stock in the seven major cities in India is estimated at 270mn sqft, with another 55mn sqft of office space being under construction; it is expected to boost the realty options for NRI investors in 2013. Leading banking institutions will also be part of the Expo to support the customers finance their dream home in their home country.

The projects being showcased at the expo ranges from affordable to luxury and the prices are between RO12,000 to RO3,00,000. Times of India Group, leading media conglomerate of India along with Mindscape Exhibitions Pvt Ltd -India's leading Event & Exhibitions Management Group bring this international exhibition to Oman for the organiser Arabian Gate Expo.

According to Lynxads, the exhibition managers in Oman, this is one of the best opportunities for many of the Indians in Oman and hailing from different parts of India to select the home where they would like to retire to, as this Expo brings many of the leading and highly reputed builders together on a common.