Abu Dhabi: India Property Fest on January 24-25

Media Release

Abu Dhabi, Dec 18: The much acclaimed India Property Fest 2013 which hit the bull’s eye of success in Abu Dhabi last September is back again to bedazzle the large Indian community spread across the UAE, with even larger spectrum of properties offered by the top builders and developers across India. To be held on January 24 and 25, 2014 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.

The India Property Fest that was held in September 2013 was conceptualised and organised by Adsync Advertising LLC Adsync which is a part of Manipal Group enjoys years of expertise in the arena of media, advertising and communication and holds a well-knit relationship with all the leading publications in the UAE and across the globe.

Pradeep Pinto
Vice-president, Adsync Advertising LLC

Speaking to daijiworld Pradeep Pinto, vice-president- Adsync Advertising LLC said, real estate in India continues to be a favoured destination globally for investors, developers and non-resident Indians (NRIs), driven largely by investor-friendly government policies and increasing globalisation. The second largest employment generation sector after agriculture, real estate contributes about 6.3 per cent to India’s gross domestic product (GDP). The foreign direct investment (FDI) in the sector is expected to touch US$ 25 billion in the next 10 years from its current US$ 4 billion. The sector’s progress is driven by factors such as rapid urbanisation, a growing trend towards nuclear families, positive demographics, rural–urban migration, ever-developing infrastructure, higher income levels and housing demand. The real estate sector, with its growing investment opportunities, is expected to post annual revenues of US$ 180 billion by 2020.

The property fest boasted a demeanour of class and style, primarily with the venue being put up at one of the finest locales in the UAE – Emirates Palace. There’s no better place and nothing beyond its class and luxury. The venue very aptly falls in line with the event stature in totality being a showcase of the best properties from India. The immensely diligent efforts invested by the team of Adsync were immeasurable and has evidently led to the roaring success of the event. Having witnessed a footfall of more than 5000 numbers, the event proved significant as the best platform for the Indian property sector. The event stood tall equally for builders and developers who wanted to showcase their brands in the home & property sector and also for the elite and hard-earning class of NRI’s living in the UAE who wished to own their dream home back home. If the last fest offered the best in properties from about 35 builders offering more than 300 projects to choose from, this time it brings to you a spectacle that will be better than before and aspires to be better than best. The coming fest is expected to be bang on and is set to unveil around 600 plus projects to be exhibited by over 50 builders from across the length and breadth of India.

At the property fest, you can be assured of best property deals and knowledge to help make your dream of owning or investing in Indian real estate come true. With the benefit of being held at one of the most desired and attractive venues in the UAE – The Emirates Palace, the event is bound to exuberate with a charm and charisma of its own.

The 2-day event will offer you a snapshot of Indian property market in totality. The property developers who will be participating include the best of the Indian real estate and construction companies along with leading bankers in India. The Fest continues to advocate the slogan ‘Right time to invest, right place to be’ with its staunch belief that there’s never a bad time to invest in real estate. Today the real estate sector poses a very challenging environment. The Indian real estate and construction industry is an integral part of the economy and plays an important role in the development of the country’s infrastructure base and is one of the largest generators of economic activity. Real estate sector has contributed majorly towards India’s GDP and is accelerating to greater levels primarily due to the major investments in this arena from the NRI cluster across the gulf region especially from UAE.

India Property Fest - September 2013

Team Adsync - Dubai

The India Property Fest 2014 will not just be a mere showcase of best brands in the home and property sector, but it will also serve as a perfect guide for the visitors who will get a complete overview of the current real estate market and latest trends. Thus helping the NRIs who are staying away from their homeland to take the right decision for investments and as well as to make the best lifestyle choices.
Historically, India has the world’s fastest growing real estate market. Although the rupee value depreciated strongly against the US dollars for the past couple of months, it has definitely laid a very fertile ground for the NRIs who remain the main investors for the real estate ground. A depreciating rupee has made properties in India almost 20 to 30 per cent cheaper for non-resident Indians (NRIs), according to a new report.

For the benefit of NRIs who are interested in buying projects in prime localities in India, the developers are also aiming to pre-launch their premium developments in the overseas market. At the moment any non-resident Indian buying a property in India can save around 20-30 per cent on their property value.

Weakened rupee value has definitely sparked the property boom and continues to do so due to major investments from the NRI cluster. Reports also suggest the realtors have been flooded with business enquiries from non-residents Indians in the Gulf. Extensive publicity primarily print advertisements in the UAE dailies by the property developers as well across India has fielded them a flurry of queries pertaining to the property sector. It is also expected to increase by around 35 percent further.

Quite interesting to note is that the UAE is home to nearly 2.2 million Indians thus making it emerge as the world’s largest base for overseas Indian workers of around 11.3 million, according to independent data. At the end of 2012, the UAE’s population was estimated at 8.2 million and this means Indians are a majority, accounting for nearly 26 per cent. The UAE comprises of around 20 per cent of the total overseas Indian workers out of the approximate total of 11.3 million Indian workers based in nearly 130 countries. Remittances by Indians in the UAE constitute a major source of foreign currency for India as they far exceed foreign investment and aid. The NRI’s play a crucial role in the improvement of the Indian economy, especially due to the fact that India is considered the world’s largest recipient of remittances from overseas workers.

Keeping in line with the current scenario, India Property Fest is all set to take place once again commencing January 2014 on the 24th and 25th at the Emirates Palace and the event is gearing up with all vigour to cater to the property requisites of the ubiquitous Indian community here in the UAE who aspire to own their dream home back in their homeland!

To register online go to: http://www.indiapropertyfest.com/registeration_form.php