UAE: India Property Fest - Gateway to profitable opportunities for NRIs

Date : May 8, 2015

Abu Dhabi, May 7: The much acclaimed India Property Fest 2014 which was hosted by Adsync Advertising LLC and which hit the bull’s eye of success in Abu Dhabi last November is back again to bedazzle the large Indian community spread across the UAE, with an even larger spectrum of properties offered by top builders and developers across India. Happening on May 29 and 30 at the Emirates Palace, in Abu Dhabi, the fest is set to create room for a bigger and better scale of extravaganza in the property sector across India.

Pradeep Pinto, vice-president of Adsync Advertising LLC, said Indian Property Fest (IPF) reappears on the business horizon of UAE with an array of attractions. There will be more than 600 projects across Indian and 40-plus reputable builders / developers pan India level participating in this event. IPF 2015 provides reputed builders / developers across India and leading bankers from India a unique platform to showcase their products, offers and services to the NRI community in the UAE. Featuring exciting new projects and customer-friendly offers, it’s all happening here at the IPF 2015! With the reforms initiated by the Indian government slated to take effect in 2015, the prospects are indeed bright for the real estate industry. This in turn provides NRI investors many avenues for investment in their homeland.

Indian Real Estate Industry – On a rapid growth trajectory

With the government of India having declared affordable housing on par with infrastructure and its commitment to create a business-friendly environment, the Indian real estate sector is all set to blaze new trails of growth. Thus, investments in real estate have high growth potential. Further, non-resident Indians seeking to have their own home in their homeland can benefit from fabulous offers. In short, it is a win-win situation for both the builders and buyers.

Real Estate Development Indicators

• A dynamic and organised sector with a long-term road map for growth.
• Has the distinction of being the second largest employer after agriculture.
• Slated to grow at 30% over the next decade driven by housing, retail, hospitality and commercial – the four pillars of growth.
• Spiralling demand for office space in India’s leading urban and semi-urban centres.
• NRI investment is expected to surge.
• Market size is expected to touch US $ 180 billion by 2020.
• Bengaluru, Chennai, Hyderabad, Mangaluru, Mumbai, New Delhi, Goa, Kerala and Pune are some of the most favoured property investment destinations for NRIs.

Investor-friendly environment

• India’s union cabinet relaxed rules for Foreign Direct Investment (FDI) in the construction sector.
• The minimum floor area reduced to 20,000 sq.m. from 50,000 sq m.
• Minimum capital requirement brought down to $5 million from $10 million.
• Securities and Exchange Board of India’s finalization of norms for Real Estate Investment Trusts in India is likely to lead to fund flows into Grade A office space.
• Boost for smart cities - new rules will encourage the development of smaller projects in urban areas, where the availability of land is limited.
• IT/ITeS sector continued to remain the main demand driver for commercial office.
• Rental values for commercial office space remained stable for the most part across cities such as Delhi NCR, Bengaluru, Pune and Kolkata.
• The government’s mission of ‘Housing for All by 2022’ will be a growth driver of growth in the realty sector.
• The real estate sector is the growth engine of the Indian economy and the economic contribution of the sector is projected to double by 2025.

Indian Property Fest 2015 – A Lucrative Destination for NRI Investors

The most exclusive exhibition on Indian Property offers the NRI community a chance to own property in India, thus paving the way for a profitable investment. The builders from India will showcase their residential apartments, commercial, mixed-use products.

India Property Fest is being held at one of the most coveted destinations in the UAE- the Emirates Palace, Abu Dhabi on May 29 and 30. As the capital of the UAE, Abu Dhabi has the largest group of expatriate population, hailing from India. Thus the location is simply the best choice for the Indian Property Fest.

It will also facilitate interactions with reputed Banks for getting necessary financial assistance. The layout design permits both customized and universal designs as well.

India Property Fest will create a favourable environment where up-to-date interaction with potential customers will take place. There will also be presentation slots also to showcase products and services to the target group.

Source And Courtsey By :- http://www.daijiworld.com/news/news_disp.asp?n_id=317372