Quotes: US 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.

 






  MENA News Headlines
 Aug 22 2014 - Saudi - Agriculture sector advances 1.3Arab News
(MENAFN - Arab News) The Saudi stock market continued its positive movement and managed a fourth straight rise on Wednesday accumulating more than 56 points.The Tadawul All-Share Index (TASI) set out ...

 Aug 22 2014 - Hollande: France armed Syrian rebels 'a few months ago'Arab News
(MENAFN - Arab News) SAINT-PIERRE France: President Francois Hollande said on Thursday that France had delivered weapons to rebels battling the Syrian regime of Bashar Assad 'a few months ago.'The ...

 Aug 22 2014 - Europeans in push for new UN resolution on GazaArab News
(MENAFN - Arab News) UNITED NATIONS: Britain France and Germany have put forward key points of a new UN Security Council resolution on Gaza in a fresh bid to end six weeks of violence diplomats said ...

 Aug 22 2014 - Saudi - Woman kicked fined for trying to enter giraffe penArab News
(MENAFN - Arab News) MILWAUKEE: A California woman who got kicked in the face after trying to climb into the giraffe exhibit at a Madison zoo has paid a fine and apologized.Police say 24-year-old ...

 Aug 22 2014 - Ice Bucket Challenge injures firefighters in USArab News
(MENAFN - Arab News) WASHINGTON: Four US firefighters were injured two seriously Thursday as they were helping run a so-called Ice Bucket Challenge at a Kentucky university.'We express heartfelt ...

 Aug 22 2014 - Asian shares slip as China manufacturing data weighsArab News
(MENAFN - Arab News) HONG KONG: Asian markets mostly fell with downbeat Chinese manufacturing data dragging down Hong Kong and Shanghai as concerns grew about the pace of recovery in the world's ...

 Aug 22 2014 - Saudi - Street car cleaners in the capital feel the heatArab News
(MENAFN - Arab News) Authorities have stepped up the campaign against car cleaners operating illegally on the city's streets.Four Bangladeshis who had been scouring Riyadh's Al-Ahsa Road in search of ...

 Aug 22 2014 - Saudi - No Zamzam hassle for IndiansArab News
(MENAFN - Arab News) Indian pilgrims will no longer be troubled by having to pack cans of Zamzam water into their luggage when returning home after completing their Haj.As part of the arrangement ...

 Aug 22 2014 - Saudia urged to focus on domestic Umrah servicesArab News
(MENAFN - Arab News) Saudi Arabian Airlines (Saudia) held a ceremony at the Jeddah Hilton on Wednesday to celebrate the achievements of its former director-general Khaled Al-Molhem in the presence of ...

 Aug 22 2014 - Saudi - Inspection of cafes in the offingArab News
(MENAFN - Arab News) The Jeddah Municipality plans to launch a campaign of inspection of coffee shops and Internet cafes in the next couple of days spokesman Abdulaziz Al-Ghamdi told Arab News. The ...

more...


 






Google

 
 

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

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

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
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

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


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help