Dubai, May 14: Realty India Expo, provides a rare opportunity for Gulf NRIs to directly interact with property developers for bargain deals while investing in real estate across India. The 2-day event that will begin today will display a massive congregation of over 100 property developers under one umbrella at Hotel Al-Bustan Rotana, Airport Road, Dubai today and tomorrow from 10 am to 8 pm.
Organised by Bengaluru-based Mindspace Events, this is the first time that such a large contingent of leading Indian property developers are assembling in one place to display a wide range of real estate options available for Gulf NRIs.
The mega property show assumes importance as it is coming at a time when the property prices are stagnant and home loan lending rates have been reduced with a special concession for women homebuyers on the interest rate front.
The government has taken commendable steps to finalise several landmark reforms. Prominent among them include opening of retail sector to global investors, a new land acquisition law, streamlining of approval mechanism and appointment of a real estate regulator in each state. This is apart from liberalizing FDI norms in real estate and agricultural sector, introduction of REIT and allowing external commercial borrowings upto USD1 billion for affordable housing sector. This is expected to improve the overall business environment across the country in the coming years. It has been estimated that the real estate sector has the potential to increase five-fold to reach USD676 billion by 2025 particularly at a time when the government is finalizing plans to announce 100 smart cities and 500 other cities across the country.
The 2-day show will display varied residential projects from cities like Ahmedabad, Bengaluru, Chennai, Hyderabad, Kerala, NCR, Mumbai, Pune and other cities. This is apart from developers from tier III cities like Coimbatore, Mangaluru and Mysore which are now driving demand.
Among the categories of properties that will be on display during the 2-day mega show specific mention should be made about plotted development projects, affordable housing, luxury apartments, row houses and villas. NRI consultancy services will be made available on show days to clarify queries relating to investment, home loans, tax planning and repatriation procedures.
With the commercial property absorption inching high across metros, there will be increasing demand for housing both for rental and investment purposes. It is said that every sqft of commercial property absorption in a city generates demand for 3 sqft of residential property. Moreover, availability of property management companies to take care of NRIs’ properties during their absence in India has made investment in multiple cities a viable proposition and hassle free exercise. Easier lending norms, flexibility in repatriation with minimal paperwork, fiscal sops etc. have all made investment in Indian property easy and hassle-free now.
The repatriation benefits upto two residential units and annual repatriation limit upto US$1 million out of NRO account arising out of income from sale of properties, rentals, etc. have made investment in real estate a lucrative opportunity for NRIs.
The entry is free for all the visitors with provision made for ample car parking facilities for the visitors.
This is an event not to miss on May 15 and 16 as many property promoters from Mangaluru too will be available at this mega event for your service with maximum and cost effective options. Some of the well-known names from Mangaluru such as Mohtisham Complexes, Allegro Builders, Bhandary Builders, B R Properties, Spas Infrastructure and others will be displaying their properties at this event at affordable prices.
– 150 exhibitors from all over the country
– Meet India’s most reputed developers all under one roof
– Thousands of properties on display from your city
– Buy properties ranging from 15 lac onwards
– Wide choices : 300-plus projects
– Choose from plots, budget homes, apartments and luxury villas
– Attend seminars on real estate investments, legal taxation and vastu
Participating exhibitors from Ahmedabad, Bengaluru, Bhopal, Chennai, Coimbatore, Delhi NCR, Goa, Gurgoan, Hyderabad, Indore, Jaipur, Kerala, KhathuShyam, Kolkata, Lucknow, Mangaluru, Mumbai, Mysore, Pune, Punjab, Rajkot, Ranchi, Salem, Sikar Rajasthan, Thane, Udupi and many more.
Sana Warsia – NMTV News