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MENAFN - Khaleej Times - 19/12/2013

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(MENAFN - Khaleej Times) The latest edition of Indian Property Show will feature more than 140 realty developers showcasing over 40,000 properties.

The three-day event, which starts today at the Dubai World Trade Centre (DWTC), will spread over an area of over 6,000 square metres and expecting a footfall of about 17,000 NRI consumers.

"The enquiries from NRIs, especially from the Middle-East for buying property in India have risen by 20-25 per cent following the rupee's depreciation. At the moment any NRI buying a property in India can save around 20-30 per cent on the property value," said Sunil Jaiswal, chief executive officer of Sumansa Exhibitions, organisors of the Indian Property Show.

He said capital appreciation on real estate in India is far higher than the high-yielding deposits for NRIs.

"More and more NRIs are now choosing to invest in Indian real estate because they are aware that this is the only route that assures them of optimal benefits.If you maintain a broad investment horizon and have chosen properties well, the capital appreciation on real estate translates into multi-fold putting all other asset classes behind," Jaiswal said.

"One knows that the Indian realty market has been sluggish lately and somewhere it is linked to the economic and political environment. That said, the economy has gone through its correction phase and we see signs of revival driven by both economic policy and new investments," said Bhawna Dhawan, deputy general manager of sales and marketing, Brahma City.

"A number of important decisions have been taken to stimulate the economy and we see banks becoming more flexible in their approach. Typically, NRIs looking at investing in Indian property find periods of depreciation of the rupee a good time to invest principally because of the higher capacity to acquire quality real estate," Dhawan said.

"Further, some attractive pricing propositions have been introduced through innovative marketing schemes. On a positive note, this phase in the real estate sector can spell opportunity for investors. This is something we want the NRIs to understand and benefit from," she added.

The show offers properties from Delhi, Noida, Greater Noida, Gurgaon, Mumbai, Navi Mumbai, Pune, Chennai, Kolkata, Jaipur, Bengaluru, Mangalore, Kochi, Ahmedabad, Coimbatore, Hyderabad, Nagpur, Vadodara, Indore, Lucknow and Goa.

Other highlights consist of a series of free seminars that are designed to offer interesting insights and analysis for the attending delegates and are conducted by some of the most influential property industry gurus, international fund managers, and legal advisers.

 






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