"Indian Property Show" Opens At Dubai World Trade Centre

18,000 visitors expected over three days, from Dec 13-15th 2012. Expected to generate business worth $ 70 million

Properties worth Dhs. 30 billion on showcase by over 90 developers. Buyers could win BMW, Harley Davidson, holiday trips and much more

“Indian Property Show” opened today at Dubai World Trade Centre, Hall No 3; the exhibition is the biggest display of Indian properties in Dubai showcasing properties worth Dhs. 30 billion by over 90 developers exhibiting over 300 projects and 1000 plus properties from budget homes to multi-million rupee investments from across India. Poised to be the biggest show in its history with an expected visitor footfall of about 18,000 ; the 3 day property extravaganza opened doors to public today and will run until Saturday, 15th Dec, 2012 between 11 a.m. – 8 p.m. every day with free entry and valet parking for all. Exhibition was officially inaugurated by Chief Guest, H.E Sultan Butti Bin Mejren, Director General Land Department. Govt of Dubai, though eager buyers queued to get in much before the actual opening ceremony, so is the interest amongst the NRI community.

Over the years, the show has become a preferred property exhibition for NRI buyers alongside providing an excellent platform to Indian real estate developers to come face to face with the buyers. New projects with exciting deals are announced and showcased here for the first time and NRI’s get best bargains in return. Sumansa Exhibitions, the organisers of the Indian Property Show have had an excellent response to all their exhibitions in Dubai which has encouraged them to produce bigger and better show every time. Look out for fantastic offers at show’s Property Dhamaka - where one can find exclusive, exhibition-only promotions on properties from leading developers. For instance, Indiabulls is giving away a Harley Davidson with every flat booked in Indiabulls Blu-Worli and Indiabulls Sky-Parel projects whereas Bombay Realty is offering BMW to select buyers on booking at newly launched Island City Center in Mumbai. Gain industry insights through exciting Free Seminars on Property Investing, Realty in India, Vaastu and more – all conducted by world renowned experts, on all three days of the Show!

Mr. Sunil Jaiswal, CEO, Sumansa Exhibitions-Organisers of Indian Property Show said, “Our endeavour and core strength has been to create a convenient interface between millions of NRI’s in UAE and developers in India. We aim at helping the NRI’s here to make the property purchase process seamless thereby enabling them to nurture the earnest desire to own a property back home. Indian Property market is a hot investment option even today and the sentiment is echoed by all the developers back in India as the enquiries and purchases by NRI’s have kept on increasing. Residential property demand will remain strong because of the strong business climate, plus the depreciating rupee that is catching NRI’s fancy.”

“Big cities such as Delhi and Mumbai are still offering good returns but smaller, satellite cities such as Pune, Gurgaon and Noida have emerged as key destinations for investments”, added Sunil Jaiswal.

Mr. Durgesh Mehta, Jt. MD, The Bombay Dyeing & Manufacturing Co. Ltd. said, “Through the show we are launching our realty arm Bombay Realty’s luxurious Mixed use development – Island City Center ( located in the heart of Mumbai) amongst the Indian expats in UAE. NRIs have a special inclination towards luxury developments like these as they get used to the comfort and luxury lifestyle offered to them in international cities like Dubai”.

“If you have disposable income, it is good to have exposure to real estate apart from your own house, as it serves both the purposes of investment and hedge against inflation. Good cities for investments can be attributed to infrastructure development, strong investments sentiment and potential for capital appreciation. In residential properties the investments happens over expected appreciation rather than yield, because the yield is around 2-3%. Commercial properties give a yield of 10-12%”, said Santosh Tandel, Regional Head – MENA Region, Indiabulls.

“Though we expect Tier II and Tier III cities to show reasonable growth but our preference is the major metros. In a city like Mumbai, land is already scarce and demand is user-driven. Buyers have high purchasing power and there is very limited new supply coming up. Hence, Mumbai prices are likely to stabilize with moderate year-on-year appreciation. Indiabulls is present in key locations of Mumbai like Worli, Lower Parel, Panvel & Khalapur where prices are experiencing good appreciation due to infrastructural developments around the area”, added Tandel.

“NRIs look for best investment options with returns in the range of 18-30% per annum. Plus there is a lot of interest in pre launch projects wherein entry point is low and property yields up to 25% in project implementation stage itself. To cater to increasing demand in the new projects, we are showcasing over 20 new projects from cities like Delhi-NCR, Mumbai, Bangalore etc”, said Mr. Nishant Singhal, Director Strategy at Investors Clinic.
“The real estate sector in India is on a high growth path as we are seeing influx of foreign direct investment. Due to unstable stock markets, investments are being relocated to safer assets such as real estate. Moreover, rupee depreciation in India has led to NRI’s and IT professionals to park their salary into real estate. The other factor leading to the real estate boom is the fall in home loan interest rate by various Indian banks which is helping the current market boom”, commented a spokesperson from Sahara Prime City, leading real estate developer of India.

The exhibitors at the show include best of the Indian real estate developers, construction companies, Banks and real estate agents. Apart from leading exhibitors such as Indiabulls, Sahara Prime City, Wadia Group’s Bombay Realty, Unique Group, Sobha Developers, Nirmal Lifestyle, Hiranandani Constructions, Ansal Housing, Amrapali, Vatika, Brigade, Godrej etc., new entrants such as Ozone group, Adarsh Build Real estate, Omkar, Hub town, Pacifica, Rustomji etc will be vying for the audience attention. The special Pune Pavilion by CREDAI Maharashtra will be available again with major realtors such as Shapoorji Palonji, G corp, Nyati, Sairung etc. Developers will be showcasing apartments, villas, row houses, commercial, retail properties and farm land from across India from cities like Delhi, Noida, Greater Noida, Gurgaon, Jaipur, Mumbai, Navi Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Kochi and more.

Participating banks include AXIS Bank, Citibank and Emirates NBD. Partnering and supporting the show as sponsors are Bombay Realty as Diamond Sponsor, Investors Clinic & Indiabulls as Platinum Sponsors and Sahara Prime City as the Gold Sponsor.

Emirate:  Dubai

Date: Dec 13, 2012

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