Coldwell Banker to offer Indian properties
Dubai, January 20, 2011
Coldwell Banker UAE now offers a diverse portfolio of properties across India to all potential Indian residents in the UAE.
Having partnered with key developers such as Tata Housing, Emaar MGF, Unitech, RNA Corp, Vatika Group, Vijay Associates and Acem group, Coldwell Banker UAE will provide its real estate expertise of the Indian property market to potential investors in the region.
The collaboration with several high profile Indian developers makes Coldwell Banker UAE a one stop shop for any NRI (Non Resident Indian) or OCI (Overseas Citizen of Indian Origin) planning to buy property back in their homeland, said a statement.
With access to a vast inventory of Indian property, Coldwell Banker agents can help clients make a well informed investment decision for property in India.
“The strength of the Indian real estate market is apparent when looking back at how price hikes of roughly 20 per cent were experienced in the booming city of Mumbai when recession had affected the world in early 2009. With an approximate 45 per cent of the UAE’s population comprising of Indians, the need to have a local experienced broker cater to this segment was vital,” it said.
Coldwell Banker will advise clients of necessary paper work and viewings can be scheduled with representatives in India through direct coordination with Coldwell Banker UAE agent in Dubai, the statement said.
“We have properties pan India and will keep bringing what we believe would be a value buy for investors,” said Sujeet Ahuja, the international business development manager at Coldwell Banker UAE.
“India is growing at 8-9 per cent annually - when the growth is so high, it always escalates prices, primarily in real estate. Yes, there is a premium to invest in high-end properties in India, but investors are definitely not holding back.”
As per industry estimates, overseas investor interest accounts for 30 per cent of the overall sales in Indian property, of this, 40 per cent are done by UAE-based Indians, Ahuja said.
In commencement of this venture, Coldwell Banker UAE will present the BDI Sunshine City apartments situated in Delhi National Capital Region, the second largest Industrial hub in the country, Bhiwadi. Attractively priced and strategically situated in a prime location, this property guarantees capital gains for any investor, it said.
Details for this will be provided after the project launch in the region on January 25 in Dubai at Hotel Dhow Palace, Al Mankhool Road, Bur Dubai. –TradeArabia News Service