Indian Property Show, one of the largest and the most diversified exhibition of Indian Properties in the UAE, opened its doors for the 10th time in Dubai at Dubai World Trade Centre on Thursday.
The bi-annual show’s June edition was inaugurated by Abdulrahman Al Ghurair, Chairman of the Dubai Chamber of Commerce, in the presence of officials from Sumansa Exhibitions, the organisers of the show, media, exhibitors.
ith over 70 participating developers and above 300 projects on display, each developer is expecting to generate about 250-300 queries while expecting to do business worth Rs50 million on an average. This spurt in demand will be witnessed because of rupee spiralling down by 30 per cent during the past six months and touching a low of Rs55 per dollar over past one week.
The Indian realty sector has become red hot and has witnessed an unprecedented demand in realty investments from NRIs especially from the Gulf region.
Commenting on the occasion, Sunil Jaiswal, CEO, Sumansa Exhibitions said, “Currently the Indian realty sector is very vibrant and this is due to the increased remittances from NRIs. It is expected that more and more money from NRIs will be invested in property as this is the only sector which has shown positive growth over the years.
Developers are gearing to woo NRIs and grab a pie of this investment. The trend shows that cities, which will give promising returns, will fetch more demand. As such Mumbai, Delhi NCR, Bengaluru and Ahmedabad have witnessed this spurt. In fact Mumbai, being a commercial capital has always been in demand and a barometer of sorts showing where the realty market is heading to. Cashing on all this positives this edition promises to be the best and the biggest show yet.”
Honey Katiyal, CEO, Investors Clinic, leading realty services firm and Sponsors of the Show said, “We are extremely satisfied to be a part of this show. The exhibition is an ideal platform for us to meet serious buyers. We are expecting lot of enquiries for self ownership as well as residential and commercial investment. Commercial properties provide good returns to them and that too in a very short span of time, hence there is a demand for such projects.”
“In the UAE, Investor Clinic plans to expand offerings by opening loan clinic and interiors clinic plus besides opening up more offices in other countries across the GCC,” Katiyal added.
Indian Property show will feature properties ranging from Rs0.8 million to Rs90 million and more while exhibiting diverse offerings of various developers from budget to luxury properties and exciting offers from developers.
he show has leading developers from India including Mantri Developers, Nirmal Lifestyle, Hiranandani, Nahar Group, Ansal API, Ireo Pvt ltd, Amrapali, Brigade Group plus Investors Clinic-India’s leading real estate consultancy, Assetz Homes, Sobha Developers and leading banks. The exhibition also features not-to-be missed property and investment seminars by some of the most influential property industry gurus, vaastu consultants and legal advisers.
This year the seminars aim at guiding buyers on the booming real estate markets within India along with the benefits of investing now. The seminars will further talk about the upcoming projects, infrastructural development that the cities will witness making them a lucrative option to invest.
Some of the cities in focus are Mumbai, Pune, Bengaluru, Chennai, Gurgaon, Noida etc. Ms. Padmaja Yadav will impart knowledge on choosing properties, its implications etc as part of the famous vaastu (property) seminars.
Apart from the informative seminars, the show has added a new feature - Property Spotlight which has been taken by Ireo Pvt Ltd. wherein they will display a model of the exclusive project at the entrance of the exhibition hall so that visitors can get a chance to view the actual property in a miniature size. Another exciting new feature - Property Dhamaka brings exciting and unbeatable offers from participating developers that include discounts, amazing holiday packages for families, free property registrations and much more for on the spot bookings.
The show that will run from June 21st - 23rd, 2012 between 11:00am to 8:00pm everyday and is expected draw crowds.