Indian Property Show, a major exhibition of Indian properties, opened today (June 16) at Dubai World Trade Center with more than 50 leading real estate developers from India.

The eighth edition of the show, which will run until June 18, was inaugurated by K Sankaranarayanan, Governor of the Indian state of Maharashtra, India.

Organised by Sumansa Exhibitions, the event also pools lateral sector and auxiliary services such as home finance providers, lawyers, and Vastu consultants to provide a unified real estate networking platform for investment in residential and commercial property in India.

“The real estate market in India in general and Maharashtra in particular has seen tremendous growth despite the recession that has affected most nations of the world,” said Sankaranarayanan.

“My countrymen have benefited greatly from the booming economy and its impact both on commercial as well as residential property market.”

“I invite all Indians from UAE and other GCC nations to visit the Indian Property Show and see for themselves what the developers from India have on offer and to experience firsthand, the strides made by this industry in the past year,” he added.

Sunil Jaiswal, CEO, Sumansa Exhibitions, said: “Our endeavour and core strength has been to create a convenient interface between millions of NRIs in UAE and Developers in India. We aim at helping the NRIs here to make the property purchase process seamless there by enabling them to nurture the earnest desire to own a property back home.”

“In past couple of years the real estate sector in India has witnessed lot of changes and hence we want to provide a platform that addresses two factors that inhibit an NRI from taking a decision: accurate information and direct access to real estate developers from India,” he added.

The Indian Property Show is set to showcase property worth $2,322 million to approximately 17,000 visitors, and expect to generate $58 million worth of business, a statement said.

This year’s showcases range from affordable homes, ready apartments, luxury villas, holiday homes and eco friendly projects, while also featuring a series of free seminars.

“Each project of ours is developed from the cornerstone of fostering economical but ecologically sustainable growth,” said Brijesh Banote, director- sales and marketing, The 3C Company.

“Today we are proud to be heading the green revolution by having already delivered, more than 13 million sq ft of niche developments,” he added.

Ajay Sachdewa, HDFC, Dubai, said: “Equipped with state-of-the-art information systems and well trained staff, HDFC has been able to respond swiftly to ever-changing customer needs, and has built up capabilities to approve loans within 48 hours.”

“Aspects such as advanced capabilities in the area of processing loan applications, a committed, specialist team of trained and talented staff, technical guidance in respect of documentation, liaison with property developers etc., reflect HDFC’s efforts to serve its growing clientele,” he added. – TradeArabia News Service