Indian Property Show during National Day holidays

(MENAFNEditorial) Advent of smart cities cheaper home loans devalued rupee buyer friendly government policies among reasons boosting NRI investments into Indian realty

Dubai UAE November 29 2015: Indian expatriates in Dubai can look forward to spending their National day holidays by making a visit to Indian Property Show scheduled to be held from Dec 1-3 2015 at Hall No 2 Dubai World Trade Centre. At the upcoming expo besides researching for their dream home or that ideal investment the visitors also stand a chance to win an apartment worth Rs. 25 lakhs (Dhs. 150000 approx) at the exhibition. The property to be won is a 1 BHK apartment in Mumbai. Moreover they can expect to avail great bargains discounts exclusive offers from over 170 participating developers plus an opportunity to win 2 daily air tickets to India courtesy Jet Airways.

“The advantage that UAE-based NRIs have that they earn in Gulf currencies that have traded strongly against the rupee. This off-sets a part of the house cost already. Government is in a mood of creating buyer friendly environment and the real estate sector looks promising for the next 5 years. Recently there has been a lot of action in commercial sector with Mumbai locking in returns of 12 to 19 % per annum Bangalore 11 to 12% and Delhi- NCR 8 to 10% .Additionally the Government of India has announced a host of measures to spur the real estate sector which include an allocation of Rs 7060 crore (US$ 1.16 billion) for the development of 100 smart cities. Also RBI has cut repo rate thrice in less than 9 months which has brought down home loan interest rates to 10.25%. So it’s a good time to invest in the Indian Real Estate market” commented Sunil Jaiswal President – Sumansa Exhibitions organizers of Indian Property Show.

“Having travelled to many cities across the world including London Durban Hongkong Singapore Muscat Doha it gives me immense pleasure to announce that our 25th edition of this internationally acclaimed exhibition will be happening in Dubai the city where it was born in the year 2006. As this would also be our silver jubilee edition we thought of making our upcoming expo more exciting for visitors by giving them a chance to own their home in their homeland. Many of us work very hard towards building that home sometimes investing all our lifesavings in creating one. However here we present an exclusive concept wherein all visitors coming to attend the upcoming Indian Property Show will have their name put into a draw for winning an apartment in India. There are no conditions only your luck must favor you. All visitors to the show will stand an equal chance regardless whether you close a deal come to gather information just enquiring or simply window shopping” added Sunil.

Commenting on the positive real estate outlook Ashwinder Raj Singh CEO – Residential Services JLL Indiasaid “The outlook is extremely bright owing to several factors that are now playing out. Firstly the economy is on an upswing and this will result in better demand. Secondly due to the Smart Cities ‘Housing for all by 2022’ and AMRUT initiatives being activated by the Modi government the real estate sector is going to see a lot of action. Thirdly the recent announcement by the government easing the Foreign Direct Investment norms in construction sector will give a boost to the construction sector. The rules regarding minimum built-up area and the capital requirement will go a long way in helping to alleviate the sector’s liquidity issues and will give a lot of stimulus for growth”

“There are various forms of investment such as gold fixed deposits the equity market and bonds available but real estate is the safest bet in the long run – and the most reliable investment instrument. Most of the properties built a few decades ago have easily yielded a return of 200-300%. No other investment tool can give comparable results” added Singh.

The forthcoming Indian Property Show will feature over 170 developers from all over India showcasing more 600 projects and about 45000 properties from Delhi Noida Greater Noida Gurgaon Jaipur Kolkata Goa Ahmedabad Mumbai Navi Mumbai Pune Chennai Coimbatore Hyderabad Bengaluru Mangalore Kochi & many more cities.Free educative and informative seminars have been the highlight of the event buyers can attend these sessions to know about the do’s and don’ts of property investment key investment and high growth Indian cities legalities vaastu taxation plus can also get free advice from legal experts on various property related issues. To help NRIs sell their existing property in India the show is bringing in property brokers from across India who can work on getting a good deal for the sellers.

Participating developers at the exhibition include Indiabulls Bhartiya CityLodha Group Kanakia Kalpataru Wadhwa Group L&T Ozone Group Mantri Developers Sobha Developers Goel Ganga Rachana Lifestyle Godrej Unique Group JP Infra Sheth Creators Akar Realty Sunteck India Suvilas RajeshLifeSpaces Saarthi Group Jaypee Greens ATS Satya Unnati fortune Supertech Risara Antrikshamong others.

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