Leading developers from across India are showcasing their latest projects at The Indian Property Show which opened today in Dubai, UAE.

The premium realty exhibition for non-resident Indians was inaugurated in the presence of Bollywood celebrity Arbaaz Khan, chief guest Butti Saeed Al Ghandi, the second vice-chairman of the Dubai World Trade Centre, and other big players of the Indian real estate insdustry.

Attendees will have the luxury to choose from among hundreds of projects ranging from apartments, villas, row houses, plots, commercial to retail properties to suit their budget, besides benefiting from a number of educative and informativeproperty-related seminars over the next two days, said the organiser Sumansa Exhibitions.  
 
“For NRIs residing in the UAE, the Indian Property Show is more than just a real-estate exhibition,” remarked R. Srividya, the general manager (corporate sales and brand engagement) Indian Property Show at Sumansa Exhibitions.

"It is a perfect opportunity to touch base with the latesthappenings and updates on the real-estate front back home– particularly now that we are witnessing several important measures that have impacted the realtyindustry directly and indirectly," she stated.
 
"For NRIs, these changes herald good omen since many builders are already adopting 100 per cent transparency policy and cheque payments, which obviously boosts the trust level between the two parties," observed Srividya.

According to her, the implementation of Rera (Real Estate Regulation and Development Act 2016) has also been instrumental in bringing professionalism, standardization and transparency in real estate sector.

"This, along with the recent wave of demonetisation has helped the Indian realty industry emerge more transparent and buyer-friendly. Moreover, since demonetisation has increased liquidity with the banks, there’s now lesser dependence on banks on high cost borrowings. Coupled with high deposit growth, weak credit growth and weakened rupee, this would create opportunities for lending rate cuts, allowing investment activities to pick-up especially in the mortgage driven real estatesector,” she added.
 
Dharmesh Shah, the VP (Head Residential Sales & Marketing) Adani Realty, said the direct and most significant benefit of demonetisation is increased liquidity across the banks.

"Such availability of funds will lead to lowering the rate of interest across different loans which will in turn reduce EMI giving a boost to real-estate demand. We expect home loan rates to be down to 7 to 8 per cent," noted Shah.

“By bringing greater compliance, Rera will helpmaking real estate class more efficient, transparent & healthy than any other asset class, so best time to buy real estate is now”, added Shah.

Ashwinder Raj Singh, the chief executive of residential services, JLL India, said: "The passing of Rera, the Benami Transactions Act and the demonetization move will ensure the sector loses much of its historic taint. Only players who conduct their business with integrity are expected to survive."

"This bodes well for end-users, who will be aware of their rights and have theassurance of not being cheated. They will be able to buy properties of theirchoice at affordable prices, in projects which will undoubtedly be delivered ontime," he added.
 
Traditionally, the property show conducts several property-related seminars to guide buyers on various aspects of property purchase.

Keeping in view the confusion surrounding demonetization, this year’s event will host exclusive seminars on the issue to discuss impact of demonetization on Indian real-estate sector, the effect on market value of property, and due diligence measures for NRI investments.

Visitors will have access to variety of properties across India including key cities such as Delhi, Noida, Greater Noida, Gurgaon, Jaipur, Kolkata, Goa, Ahmedabad, Mumbai, Navi Mumbai, Pune, Chennai, Coimbatore, Hyderabad, Bengaluru, Mangalore and Kochi, said the organisers.

In line with the latest advancements in the architectural world, the properties boast of the high-end amenities and excellent infrastructure including features such as eco-friendly housing, waterrecycling units, waste segregation, they added.-TradeArabia News Service