Media Release
Abu Dhabi, Sep 4: Adsync Advertising LLC, a part of Manipal Group with diverse expertise in various fields, is all set to host India Property Fest at Emirates Palace, Abu Dhabi on Friday September 6 and Saturday September 7.
India Property Fest is expected to be a fest of pride for Adsync as part of its challenging ventures in the arena of events/exhibitions and definitely plans to make it the best of its kind. To start with, it’s being held in Abu Dhabi, the capital of UAE. Being the largest of the seven member emirates in the UAE with the largest group of expat population hailing from India, it is undoubtedly the best ground to bring to light this property show. To add it to all, the fest will be put up at one of the most highly desired venues in the UAE - at the Emirates Palace, Abu Dhabi, UAE. This most coveted venue requires no further explanation other than its label of high defined class in style and luxury.
Pradeep Pinto, vice-president, Adsync Advertising LLC
Having established a couple of years ago in Dubai, Adsync Advertising LLC is a part of Manipal Group with a diverse expertise in media, advertising, public relations, creative designing, website design and all kinds of branding. Most importantly, the solid years of experience in media bookings and media planning, stands as a firm pillar of excellence for Adsync in the field of media, advertising and communication. Thus this factor enables Adsync to enjoy a well-knit relationship with all the leading publications in the UAE and across the globe.
Adsync brings you more than 300 projects across India and with more than 25 top-notch property developers across India like Indiabulls, Mantri Developers, Brigade Group,Rustamjee, Godrej Properties, Vatika Group, Suvilas Properties, Rajesh Lifespace, Ansal API, Nirmal Lifestyle, Ajmeera Properties, BLS Properties, ATS Properties, Artha Properties, Raheja Universal, Lodha Group, Lokhandwala Builder, Propshells, etc… and also the most popular developers from Mangalore, Property Infra Tech, Land Traders, Bhandari Builders and Surya Venture.
Talking about being at the right time and at the right place makes sense for the property fest with the current property boom experienced in India. 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.
The season is apt for making hay on investments while the real estate sun shines bright. The India Property Fest is set to create a positive and constructive platform for reputed builders and leading bankers of India, where highly interactive discussions with prospective clientele mainly the NRIs here will take place keeping in mind the current trends and up-to-date market information.
India Property Fest will be an exquisite platform that lays out a gamut of options in the property sector which will cater to the different needs and varied requisites of property buyers. The requisites of the buyers and individuals looking out for ultra-furnished luxury apartments and independent villas have increased considerably over the years and people’s tastes have changed immensely primarily owing to the development in technology, global outlook and changing lifestyle needs. Thereby it led to a growing demand for high-defined properties and beautiful homes in metros and upscale cities across the length and breadth of India like New Delhi, Mumbai, Pune, Bangalore, Chennai, Cochin, Punjab, Hyderabad ,Mangalore, Goa and other cities across India. A major chunk of demand comes from the NRIs residing in the Gulf as their belief in investment returns remains strongly intact. Being one of the best and safest choices currently in the country that brings great return, NRIs in the UAE very much prefer investing in property. Also unlike in the US and other European countries, people in the Gulf do not stand the chance of acquiring citizenship which leaves them with no other choice but to return to their homeland sooner or later. The weakening rupee over increased power in dirham currency becomes another factor for NRIs to obtain properties back home at cheaper rates. All these reasons further add and deepen the interests and significance of property investment for the NRIs here in the UAE.
The Indian real estate rolls out a very fertile ground for investment right now mainly to the NRIs, as at present, the stock market is almost dead in India, gold prices are fluctuating, fixed deposit income is also down, so there are very few options left for investors. If buyers enter into the Indian real estate market in the right places where prices are not too high, then they could get very good returns. And India Property Fest would be an apt venue for the same.
As opinionated by market experts and research heads in India, it’s actually a good time to invest in property in India for two reasons: the value of the Indian rupee has depreciated considerably so property prices in dollar terms have fallen, and India offers a wide range of real estate options for various budgets, with improved quality and property features. Currently, some of the cities are witnessing a slump in sales among the buyers of Indian residence due to the weak rupee value, which forces Indian developers to offer good deals. As a result, again it turns out to be more beneficial for the NRIs having a better purchasing power.
Also they suggest a possibility of two-fold benefits for the NRI investors– the current weakening of Indian rupee is expected to be a short-lived phenomenon and once the rupee starts appreciating, the investor will get more for the same investment in rupees and secondly in mid-long term (three to five years), property prices in India will appreciate considerably, thus giving good returns to investment for the NRI’s
Moreover most property developers are now coming up with attractive schemes that reduce the investor’s risk profile and assure fixed returns, such as the buyback plans that offer buyers a chance to resell the property to the developer for up to 18 to 25 per cent profit over a couple of years.
Properties in India are at a decent pricing right now, compared with last year. There is now a bigger end-user demand for homes and with the introduction of newer schemes from the developers, which primarily caters to the demands of the buyers, keeping the buyer’s risk factor low.
Reports have also stated that the residential market has witnessed stagnancy for the past couple of months, which has slowed down price appreciation in most of the leading urban centres. This makes for an attractive scenario for NRIs to put in money in prominent residential projects by established developers. The steep decline of the rupee against the dollar as well as other currencies also augurs well for NRIs to look at investing in residential property.
With the rupee value hitting an all time low, this is the best time for the Indian Diaspora to invest in Indian real estate. NRI’s looking to make good investment in India, the timing is just right to enter the real estate market and reap maximum benefit.
The rupee has fallen 20 per cent against the US dollar since August 2011, giving you more bangs for the buck. Currently 1 AED fetches an NRI approximately Rs 18.53 at around the end of August 2013.
The rupee value has been constantly depreciating since last year and which has provided an excellent opportunity for Indians living abroad to invest in the residential properties across India. Most NRIs look for buying apartments in most of the major cities in India, which prove to be the best and the safest investment option and with the liberalized the interest rates offered by the Central Bank has made it more favourable for the Diaspora living in US, UK and the Gulf.
Also let us consider why real estate makes for a good investment. The investment performance of an asset is judged by comparing the risk and return associated with it. The greater the amount of risk an investor is willing to take, the higher the expected return. An ideal investment is one where the risk is low but the return high. “Investments in real estate are associated with higher-than average returns, moderate risk and a higher efficiency ratio. Real estate compensates more than proportionately for the additional risk taken,” states a research head.
All this makes it evident that it is definitely a great time for NRIs to repatriate money to India or invest in the country which is primarily the real estate and property sector.
Also with the rising needs in lifestyle, there will always be a huge rise in demands as well. Hence as the demands grow, there should always be a supply to nourish the same. And that’s why Adsync Advertising has organised ‘India Property Fest’, wherein reputed builders of India and leading bankers will come together to participate in this event to showcase and update the NRI community in the UAE about their best products, offers and services. The Property Fest will ideally serve a platter of best property brands from all over India under one roof – The Emirates Palace, Abu Dhabi which is a brand in itself when it comes to style, luxury and class.
So be there on 6th and 7th September 2013 at the India Property Fest, if you don’t want to miss out this golden chance to acquire your dream home back home!
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