Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
The Indian RERA ushers in a positive era for Indian property buyers
 
The Indian RERA ushers in a positive era for Indian property buyers

The Indian Property Show returns to Dubai amidst a new beginning for the country’s realty sector

With the implementation of Real Estate Regulatory Act, property investors can look forward to transparency, accountability and quality projects among other benefits

Protect your investment, ensure immediate return in the form of rents, and get the best value for money without spending extra

Total NRI investment in realty in top eight cities expected to touch $11.5 billion in 2017, 20% of the total market share

June 8, 2017; Dubai, UAE:  Riding high on the positive sentiments that have returned to Indian real-estate, the Indian Property Show in Dubai opened its 20th edition today, featuring hundreds of projects across the country. The longest running property exhibition for NRIs in the UAE is being held at Dubai World Trade Centre, Hall 6, on 8th, 9th and 10th of June from 3pm to 12 midnight. The three-day event was inaugurated by HE Sultan Butti bin Mejren, Director General of Dubai Land Department, and promises its visitors a diverse range of property from apartments, villas, row houses, plots, commercial to retail properties. This year, visitors can also avail exclusive deals and guarantees to protect their investment, ensure immediate return in the form of rents, and get the best value for money without spending extra. Entry is free with provision for free parking.

The exhibition will also feature talks about the new Indian RERA law, taxation, upcoming projects, and infrastructural development that various cities will witness making them a lucrative option to invest.

After a brief shock post demonetisation, the Indian realty is back in business. Within the first three months of 2017, housing sale and new launches shot up by 70 percent as compared to the same period last year. New launches numbered at 30,000 units while housing sales jumped to 23,000 units in the January to March period from just about 14,000 in the previous quarter. Non-resident Indians have also been prolifically buying into Indian property, not only as primary homes, but also as an additional investment. In 2017 alone, the total NRI investment in realty in top eight cities is expected to touch $11.5 billion (AED 42.2 billion), representing 20% of the total market share, currently estimated at $60 billion (AED 220 billion). 
 
“Bringing a paradigm change in the way the Indian real estate sector functions, the implementation of RERA in India has brought the positive sentiment back into Indian Realty,” commented R. Srividya, General Manager- Corporate Sales & Brand Engagement, Indian Property Show. “Buyers not only enjoy the right of protection, but the Bill also introduces a transparent system across board that ensures security of investment and accountability in terms of financial disclosure. Combined with the announcement of Goods and Service Tax which aims to eliminate indirect taxes across various states and Real Estate Investment Trusts (REIT) that secures and rewards even smaller investments, the prospects are bright. 

“This confidence among the investors will go a long way in boosting the Indian real-estate further, particularly among the NRI population, which can look forward to timely execution of projects and quality construction among other benefits,”  added Srividya. 

In order to further cement this trust, this year’s Indian Property Show has introduced several exclusive offers for investors. Sidharth Housing, for example, is offering a three-year Buy Back Guarantee, which safeguards investment from any fall in the market rate, where the buyer has an option to either retain his ownership or sell it to the developer in the same rate as bought and receive a bonus of 10% from the buying rate. Similarly, NRI investors can opt for buying pre-rented flats which will ensure that they get the rent from the very first day of their ownership. Moreover, when buying property in a gated community, investors can simply pay for the land and construction, yet benefit from the amenities with zero additional cost.

Exhibitors at the property show are converging from across key Indian cities such as Delhi, Noida, Greater Noida, Gurgaon, Jaipur, Kolkata, Goa, Ahmedabad, Mumbai, Navi Mumbai, Pune, Chennai, Coimbatore, Hyderabad, Bengaluru, Mangalore and Kochi. These include: Adani Group, Kanakia, Lodha Group, Purvankara, Mahindra Lifestyle, Siddha Group, Rustomjee, Merlin, Wadhwa, Shankar Abodes and Vertex Group among others.  

Posted by : Dubai PR Network Editorial Team
Viewed 8418 times
PR Category : Real Estate & Retail
Posted on : Thursday, June 8, 2017  5:45:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : FIVE Holdings Launches AED2.10bn (USD570m) Real Estate Inves...
Next Story : Dubai Properties Installs LPG Composite Cylinders to Enhance...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
LG's Connected Technology Puts the World at Your Fingertips During Your Holiday Vacation [55473-Views]
LG's Connected Technology Puts the World at Your Fingertips During Your Holiday Vacation. [26169-Views]
New Collections at Grand Optics for Summer 2017 [15396-Views]
Chloé eyewear - Vintage inspiration, luxurious details & a seventies feel. [12328-Views]
Salvatore Ferragamo Eyewear New Collection [11871-Views]
True Blue: Kiehl's Beloved Blue Herbal Formula Continues 50 Year Crusade Against Acne [8558-Views]
LG OLED TV Wins Fourth Consecutive CE Week TV Shootout Title [8284-Views]
UAE among the top spenders globally on beauty products forking out $239 per capita in 2016 [7991-Views]
Winners of Joyalukkas 60 KG gold, 60 days of winnings announced in last few days of promot... [7174-Views]
SAINT HONORE Charisma Twist is Ideal for the Stylish Lady [7082-Views]
Bubble lines in mother-of-pearl and superluminova add sparkle to summer [7021-Views]
BAUME & MERCIER: A leather with a promising future for Petite Promesse [6930-Views]
Louis Moinet: Jurassic Watch - A 150-million year heritage on your wrist [6795-Views]
Chef Tarek Turns on a Cooking Masterclass in Dubai Using Fresh Australian Produce [6686-Views]
Marks & Spencer Launches Back To School Collection - Rule Back to School [6124-Views]
alice + olivia Fall Winter 2017 [5673-Views]
Zadig & Voltaire Fall Winter 2017: Men and Women [5551-Views]
TKD Lingerie: Tips for a pain-free swimwear season in style from [5313-Views]
B4U Plus Ranked Top Asian Channel in The Middle East [5185-Views]
Alstom presents to RTA a full size train Mock-up for the Route 2020 project in Paris [5026-Views]
Beat the heat this summer with the must-have coolers and smoothies by 800 DEGREES PIZZERIA [4770-Views]
Jurassic Watch - A 150-Million Year Heritage on Your Wrist [4740-Views]
Find Your Zen With Yoga at The Green Planet This Summer [4648-Views]
Al Maya Group participates in Africa Big 7 Show [4599-Views]
Dust allergy should be closely monitored during the summer months [4490-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories