The CREDAI Kerala Property Show, to be held at Sheraton Hotel, Abu Dhabi on Nov 23-24, is all set to act as a rendezvous point for Kerala’s most trusted builders and their prospective customers.
To make things even more attractive for the potential customers in Abu Dhabi, CREDAI (Confederation of Real Estate Developers’ Association of India), the Kerala-based umbrella of builders, is lining up around 65 builders from Calicut, Kochi, Thrissur and Thiruvandrum.
Moreover, the real estate sector in India, especially Kerala, is ready to take a big leap in the coming years, after a year-and-a-half of slow stabilisation. The decline in value of rupee over the last one year is luring NRIs living in the UAE to buy property in India, CREDAI’s MD Sunil Kumar said at a press conference held in Dubai on Wednesday.
“According to a survey, 89 per cent of non-resident Indians (NRIs) in the UAE are planning to leverage the power of their additional income by investing in properties,” he said.
Property investments in India are believed to be the smartest move as chances of loss are negligible. The growth graph of the real estate sector is observed to be escalating day by day.
Rupee depreciation against the dollar is a great attraction for NRI’s to invest back home so if you keep a horizon of 2-3 years, an average return of 25-30 per cent can be expected.
The event is organised by The Times of India Group - the leading media conglomerate.