Weaker rupee boosts Indian realty demand from NRIs
3 day expo at Dubai World Trade Centre from 13-15 December to attract thousands of investors
H.E. Sultan Butti Bin Mejren, Director General of Dubai Land Department and Bollywood Actor Arbaaz Khan inaugurate Indian Property Show
December 13th, 2018; Dubai, UAE: A weaker rupee against the US dollar is making investment in Indian realty cheaper for NRIs and boosting the demand as we also witness increase in enquiries from Indian expatriates in UAE. And to cater to the rising interest and provide home buyers plethora of choices and an opportunity to interact with the real estate developers from across India, the popular Indian Property Show is back in Dubai for a three-day realty shopping experience.
Being held at Hall No 7, Dubai World Trade Centre, the bi-annual property exhibition now in its 13th year, brings crème de la crème of the Indian real-estate to the UAE doorstep in its 23rd edition. The 3 day expo is taking place from Thursday, 13th December until Saturday 15th December, between 12 noon to 9pm everyday.
The event was inaugurated by His Excellency Sultan Butti Bin Mejren, Director General of Dubai Land Department along with Bollywood celebrity Arbaaz Khan. The entry to the exhibition is free with provision for complimentary parking and a separate kids play area. Visitors to the exhibition also stand a chance to win a couple holiday package to Europe, courtesy Travtips Holidays.
“Indian Rupee is nearly 71.9 against the US dollar presently, the fluctuating rupee and tight regulations to bring in transparency in Indian realty is making real estate in India an attractive proposition for NRIs. This is spurring the demand and encouraging Indian expats living in the UAE to further invest in their homeland with lesser dependence on finance”, said Kowshik Mukherjee, Head of Indian Property Show and Chief Operating Officer at Sumansa Exhibitions, the organizers of the show.
“Stakeholders say that the NRIs' off-take in the property market constitutes around 7-8 per cent of the country's total real estate inventory which is expected to increase over a period to time, eventually leading to business growth”, added Mukherjee
More than 80 developers from India are showcasing thousands of apartments, villas, row houses and commercial properties at the expo. Developers such as Adani Realty, Total Environment, Seedwill Consulting are the Silver Sponsors of the Indian Property Show. Joining them on the floor are Lodha Group, Prestige, Siddha Group, Kanakia Spaces, Sobha Group, Wadhwa Group, Paradise Group, Bhartiya City, House of Hiranandani, Godrej Properties, Mahindra Lifespaces, Ozone Group, Isha Homes, Puravankara, Brigade Group, VNCT Ventures, Supertech, L&T Realty, Ruparel, Raheja and many such developers from across India.
The Indian Property Show features exclusive North, South, West and Central India Pavilions with properties from Mumbai, Navi Mumbai, Pune, Chennai, Coimbatore, Hyderabad, Bengaluru, Mangalore, Delhi, Noida, Greater Noida, Gurgaon, Jaipur, Ludhiana, Lucknow, Kolkata, Goa, Ahmedabad, Kochi and Dehradun and other Indian cities.
Visitors can also benefit from attending free seminars on the Indian RERA law, Taxation, Property Investment, Vaastu, Legal aspect of buying a property, Business Motivation, high growth cities in India alongside other interesting topics. Attendees can further avail exclusive deals and get insight into latest and pre-launch projects in preferred cities.