The stage is set, as the Indian Property Show announces its return with a record number of participants taking the show to greater heights. Expected to be the biggest show yet in its history, the 3 days property extravaganza begins from 13th to 15th December at the Dubai World Trade Centre and will open doors from 11:00 am to 8:00 p.m on all three days.
With more than 90 exhibitors and 150 stands spread across 4320 sq.mts the show is larger than the previous editions.
Footfall is also expected to increase with over 18,000 -20,000 visitors likely to visit the show.
The Indian Property Show has become a launch Pad for developers over the years.
New projects with exciting deals are announced and showcased here for the first time and NRI's get best bargains in return. Properties as low as INR 18 lakhs to high end luxury properties are made available.
Even this edition promises a good mix of properties PAN India with developers coming from Tier 1, tier 2 and Tier 3 cities. The show enables the buyers to understand the pulse of property scenario back home.
The show will witness regular leading exhibitors such as Indiabulls, Sahara Prime City, Wadia Group's Bombay Realty, Unique Group, Sobha Developers, Nirmal Lifestyle, Hiranandani Constructions, Ansal Housing, IREO Pvt.Ltd, Amrapali, Vatika, Brigade, Godrej etc. And new entrants such as Ozone group, Adarsh Build Real estate, Omkar, Hub town, Pacifica, Rustomji etc will be vying for the audience attention. The special Pune Pavilion by Credai Maharashtra will be available again with major realtors such as Shapoorji Palonji, G corp, Nyati, Sairung etc exhibiting at the show. Partnering and supporting the show as sponsors are Bombay Realty as Diamond Sponsor, Investors Clinic & Indiabulls as Platinum Sponsors and Sahara Prime City as the Gold Sponsor.
Mr. Sunil Jaiswal, CEO, Sumansa Exhibitions, organisers of the show, said, "The Indian real estate scenario since last quarter has not changed much, the demand within the country is low and vacancies are increasing. As such more and more developers are turning to lure NRI's, this is quite visible from the fact that the exhibitors in the show have increased substantially. We also expect more visitors for this show as rupee is still weak and this gives an added advantage to the NRI's to invest in the property sector. The Indian Property show is always considered as a catalyst for real estate investments by NRI's in the Indian property sector. We are extremely pleased that the show today has become a big extravaganza for both exhibitors and visitors alike."
The popularity of the show has increased over the years and it acts as a meeting point for Industry experts, developers, Investors and consultants all under one roof. The show hosts a series of 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.
The focus sessions on new emerging real estate hot spots will provide opportunities for investors to learn about the key investment destinations. Some of the cities in focus are Mumbai, Pune, Bengaluru, Chennai, Gurgaon, Noida, Mumbai etc. Ms. Padmaja Yadav will impart knowledge on role of vaastu in choosing properties, its implications etc as part of the famous vaastu seminars and Mr. Ajit Jakadi, leading advocate Mumbai high court will address legal issues.
Mr. Durgesh Mehta, Jt. MD, The Bombay Dyeing & Manufacturing Co. Ltd. said, "Through the show we would be launching our realty arm Bombay Realty's Mixed use development - Island City Center (located in the heart of Mumbai) amongst the NRIs in UAE. Luxurious Island City Center is a city within a city, promising its own private roads, an unparalleled security and world class infrastructure. Luxury housing is emerging as one of the most vibrant and dynamic real estate segments in India. The growing demand for luxury housing can be attributed to the rise in the number of HNIs, the rapid pace of urbanization, the influx of global lifestyle trends and fast-growing service industries propelling many middle-income group individuals into the HNIs bracket. NRIs have a special inclination towards luxury developments like these as they get used to the comfort and luxury lifestyle offered to them in international cities like Dubai."
Mr. Honey Katiyal, CEO of Investors Clinic, India's leading Realty Services firm, said, "We are operational in Dubai since Dec 2011 and so far it's been a tremendous year. The demand from NRI's for properties back home is huge. We have strengthened our presence and aim to establish a strong foothold in UAE in coming years, especially after the visit of, Yuvraj Singh in June this year who was signed as brand ambassador in 2010. With exciting services and deliverable and strong brand image we are able to connect with our target audience more easily. We have been exhibiting with Indian Property Show for quite some time but as Sponsors we are associated with them for last 3 shows and the benefits are immense. We truly believe and have experienced that this show is an ideal platform to reach the right audience."
"We have recently launched our first overseas offices in UAE - the local representative office will cater to the rising interest and demands of the UAE based NRIs in company's projects across India. With the opening of our first international office, company aims for regional expansion and wider reach. NRIs make up for 25-30% of our overall business and especially Gulf NRIs have always been more inclined towards investing in realty market back home. With an approximate 45% of the UAE's population comprising of Indians, the need to have a local office catering to this segment was vital," said, Mr Santosh Tandel, Regional Head - MENA Region, Indiabulls.
"Cities like Jaipur, Lucknow, Kochi, Coimbatore, Ahmedabad, Nagpur and Indore are good for investment options. With the current scenario, Investment in Tier II & III cities is portraying a promising future as the rate of appreciation is growing faster. In the current context, we estimate the NRI investors will certainly average out 25 to 30% return if they have a horizon of 2-3 years for their current investment into Indian real estate. The growth in tier-II and tier III cities is attributed to rising urbanization, rapid industrialisation and better infrastructure and facilities. While the Tier I cities have reached a saturation point, with the yield gap witnessing significant margin of 9.5 to 10%, the Tier II cities record a yield of 10.5 to 11.5%," said a spokesperson from Sahara Prime City.
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