India property show begins in Dubai on May 16

Dubai: The tenth edition of India Homes Fair will be held here from May 16-18 in Dubai.

Over 50 top developers from across India will be participating in the three-day fair, which is being organised  exclusively for the Non Resident Indian (NRI) community, a PTI report said.

Customers can choose properties from several projects that will be on display with varying options ranging from flats, apartments, row houses, plots and villas ranging from two million rupees to premium properties of up to 15 crores and sizes ranging between 700 sq ft to over 10000 sq ft.

 

India's housing finance company HDFC is also showcasing over 60,000 flats from across India at the exhibition.

"This is an interesting time for the NRI community to invest in the Indian real estate marketplace. Property buyers overseas normally have to address two key questions one is when to buy and the track record of the developer," Ajay Sachdewa, Regional Head, Dubai & Gulf Cooperation Council (GCC), said.

The Gulf Cooperation Council includes six countries- Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE.

"The interest rates are expected to be reduced this year and since over 80 per cent of the people opt for floating rates, they will stand to benefit from the falling interest rates. NRIs can avail a maximum loan of 80 per cent of the cost of the property and opt from amongst a full suite of flexible repayment options," said Sachdeva.