Dubai is
hosting ‘India Property Show’ from June 21-23 at Dubai World Trade
Centre. Expected to generate business worth $54 billion, the 10th
edition will have over 70 developers displaying more than 300 projects
from across India.
With an expected footfall of 15,000
interested buyers, Indian property developers are hoping for higher
investments from expatriates after the recent rupee slide against the US
dollar and dirham.
The show will have leading developers
from India including Mantri Developers, Nirmal Lifestyle, Hiranandani,
Ansal API, Ireo, Amrapali, Brigade Group, and Investors Clinic-India’s
leading real estate consultancy, Assetz Homes, Sobha Developers and
leading banks, according to a report in TradeArabia News Service.
Sunil Jaiswal, CEO, Sumansa Exhibitions,
organisers of the event, said, “The magnitude of this exhibition has
grown immensely and we are grateful to all our exhibitors, partners and
visitors who have trusted this platform to be the best way of finding
and selling properties.”
“This year the focus has shifted on
affordable properties as Union Budget has allowed external commercial
borrowings which will allow liquidity to the builder. The homes are
expected to be affordable on the outskirts of the tier one cities. At
the same time property prices in metros and tier one cities are expected
to go up due to additional burden of service tax and excise duty.”
“The good news is that with recent
reduction in interest rates home loans will be cheaper and depreciated
rupee will tilt the balance in favour of NRI’s. The momentum of Indian
property will be kept going on by NRI’s for whom the current scenario is
conducive as long as investment in tier two and three cities are
concerned.”
Honey Katiyal of Investors Clinic, one
of the prime exhibitors and sponsors of the show, said: “The Indian
Property Show has been a spring board for us to establish ourselves as a
leading real estate agency for NRI’s in UAE. In just 6 months of our
operation we have witnessed 20 per cent increase in demand for Indian
properties and interacted with more than 1,000 NRI families.”
“We strongly believe that the show will
once again prove beneficial for us in attracting potential buyers. With
rupee depreciating we expect lot of queries to be converted in actual
sales especially for Delhi-NCR, Mumbai and Bangalore.”
The exhibition also features property
and investment seminars by some of the most influential property
industry gurus, international fund managers, and legal advisers, a
statement from Sumansa said.
This year’s seminars aim to guide the
buyers on the booming real estate markets within India along with the
benefits of investing now.
The seminar will further talk about the
upcoming projects and infrastructural development that the cities will
witness making them a lucrative option to invest. Some of the cities in
focus are Mumbai, Pune, Bengaluru, Chennai, Gurgaon, Noida, and Kochi.
Apart from the informative seminars, the
show has added a new feature, Property Spotlight, taken by Ireo,
wherein a model of the exclusive project is displayed at the entrance of
the exhibition hall, the statement said.
Another new feature, Property Dhamaka,
will bring exciting and unbeatable offers from participating developers
that include discounts, holiday packages for families, free property
registrations for on-the-spot bookings.
yes there are 300 Indian projects running in Dubai.there are also so many running projects in India in delhi ncr at a affordable price.
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