Property show to attract over 20,000 visitors
Dubai, December 11, 2012
Over 90 developers will exhibit over 300 projects and 1,000 plus properties worth Dh30 billion ($8.19 billion) from across the country, as the Indian Property Show opens its doors to the public on December 13 in Dubai.
Expected to be the biggest show yet in its history, with more than 20,000 visitors expected to attend, the three-day property extravaganza will be held from December 13 to 15 at the Dubai World Trade from 11am to 8pm.
Property developers who will be participating include best of the Indian real estate, construction companies, banks and real estate agents. Some of the top exhibitors are Wadia Group’s Bombay Realty, Indiabulls, Sahara Prime City, Vatika Group, Nirmal Lifestyle, Hiranandani, Ansal Housing, and Investors Clinic-India’s leading real estate consultancy.
The real estate sector will continue to remain an attractive investment destination with the possibility of prices in residential areas appreciating by 91 to 145 per cent in select cities over the next five years, according to a recent report by Knight Frank India.
In a first-of-its-kind report by the real estate advisory firm, high possible return on investments ranging between 18.6 per cent and 29 per cent per annum over the next five years will emerge as a key driver for investors' interest in the sector.
Sunil Jaiswal, CEO, Sumansa Exhibitions, the organisers of the show, said: “Over the years our show has become the preferred property exhibition for NRI buyers here. We have had excellent response to all our exhibitions in Dubai which has encouraged us to produce bigger and better shows every year.”
“The strategy so far has worked well, however going forward while we retain the existing model of the show, we plan to create exclusive shows for HNI clients.”
“Due to the economic liberalisation in the last decade we are seeing a trend reversal of sorts as many NRIs are migrating to India so we are witnessing an increased thrust in NRI investments. The weakening of the rupee is also serves as an icing on the cake. As far as Sobha is concerned, 26 per cent of our client base comprises NRIs of which 9 per cent of our investors/buyers are from the Middle East. “
Last year Sobha had 23 per cent NRI buyers and for the H1 of this fiscal alone, the figure has increased to 26 per cent, which makes for a 13 per cent increase in NRI buyers. NCR, Mumbai and Bangalore are three of the biggest property markets in India.
Other fastest growing destinations include Pune, Hyderabad and Kolkata. “Premium apartments and villas are most in demand amongst NRIs when it comes to regions like Bangalore, NCR, and Pune,” said JC Sharma, vice chairman and MD, Sobha Developers. – TradeArabia News Service