Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

UAE -Indian Property Show to cash in on weaker rupee  Join our daily free Newsletter

MENAFN - Khaleej Times - 19/12/2013
No. of Ratings : 0
Add to Mixx!



(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.

 


Khaleej Times




  MENA News Headlines
 Aug 31 2015 - Alleged Ansar Beit Al-Maqdis member killed in CairoDaily News Egypt
(MENAFN - Daily News Egypt) student, named as Ahmed Abdel Hakim, was killed Saturday on suspicion of being a member of the extremist group Ansar Beit Al-Maqdis, the Ministry of Interior ...

 Aug 31 2015 - Egypt- To those who will not read these wordsDaily News Egypt
(MENAFN - Daily News Egypt) I've often stared at a blank page recently, just as blankly as the uniform whiteness looked back at me, as I thought how to smear it with something meaningful. My words ...

 Aug 31 2015 - Egypt- Implementation of 3 roads in national plan progressesDaily News Egypt
(MENAFN - Daily News Egypt) The implementation rate of the three EGP 3.5bn roads that are under construction has increased, as part of the national plan for developing the road network, Minister of ...

 Aug 31 2015 - Egypt- Eni invests $7bn to develop Shorouk in 3 yearsDaily News Egypt
(MENAFN - Daily News Egypt) Italian oil company Eni aims to invest around $7bn during three years to excavate the privilege area of Shorouk in the deep waters of the Mediterranean Sea.The petroleum ...

 Aug 31 2015 - Jordan- 8,000 Syrian refugee students in Mafraq schoolsJordan News Agency
(MENAFN - Jordan News Agency) Some 8,000 new Syrian refugee pupils are enrolled in government schools in Mafraq, joining tens of thousands of Jordanian peers in schools in the northern district as ...

 Aug 31 2015 - India- Flipkart customers to get refund within 24 hours nowKNN India
(MENAFN - KNN India) Flipkart customers will now get refunds as early as within 24 hours of returning the product as the e-commerce giant today launched its instant refund mechanism facility. ...

 Aug 31 2015 - 'Make in India' should also focus on 'Make in India Strategies for Indian healthcare': Jitendra SinghKNN India
(MENAFN - KNN India) India's healthcare sector is expected to be USD 280 billion in size by 2020, growing at a compound annual growth rate of 16 per cent, but it is in "dire need" of right policy ...

 Aug 31 2015 - Jordan- King, Abbas discuss efforts to jumpstart Mideast peace processJordan News Agency
(MENAFN - Jordan News Agency) His Majesty King Abdullah II met Palestinian President Mahmoud Abbas Sunday to discuss efforts to kickstart the stalled Palestinian-Israeli peace process and pledged to ...

 Aug 31 2015 - Israeli Occupation Authorities Arrest Two PalestiniansQatar News Agency
(MENAFN - Qatar News Agency) Israeli occupation forces today arrested two Palestinians and caused many citizens to suffocate during the suppression of a peaceful demonstration which started in the ...

 Aug 31 2015 - Reliance Group to explore QatarThe Peninsula
(MENAFN - The Peninsula)The Prime Minister and Interior Minister H E Sheikh Abdullah bin Nasser bin Khalifa Al Thani meeting Anil Dhirubhai Ambani Chairman of Reliance Group yesterday in Doha. ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help