Middle East
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Kuwait: India Property Exhibition on Jan 11 and 12
- Wed, Jan 09 2008 07:45:58 PM
by Gaspar Almeida, Kuwait
Kuwait, Jan 9: An all India property exhibition will be held at the Kuwait Ramada Hotel on Jan 11 & 12, 2008 showcasing some of the biggest names in the Indian real estate industry. Leading builders and housing finance institutions from the country would be participating with a large number of residential and commercial properties from North, South, East & West would be vying for space.
The Exhibition brings under one roof reputed builders, diverse properties and the best financing options from the bank so that customers can shop for their dream home with least effort and maximum convenience.
The event is being conducted by Indus Fairs & Events (India) Pvt Ltd in association with Danat Al Sultan Kuwait. More than 200 projects across India’s major cities will on display. Projects will include apartments, independent houses, bunglows, villas, farm houses, commercial properties, home loans, beach resorts and plots.
NRI investors looking for investment in real estate India would have access to first hand information on upcoming and current real estate projects, as a range of property options.
The Exhibition brings under one roof reputed builders, diverse properties and the best financing options from the bank so that customers can shop for their dream home with least effort and maximum convenience.
India has begun to resurface itself as a formidable economic house. With strong forex reserves, healthy GDP growth rates, rupee appreciation, strong corporate performance and expanding FII investments, progress seems to be the name of the game.
The $12 billion real estate market in India is on a high growth curve, on the back of a booming economy, increased participation of global players in the Indian market, new technological innovations coming to India, new norms and policies with respect to maintenance of buildings, the general upgradation of infrastructure, entry of some world-class players in the hospitality and entertainment sector, favorable demographics and liberalised FDI regime.
The real estate sector is the second largest employer in India. This sector is projected to grow to $50 billion by 2010 at an average rate of 20% per annum. Investment opportunity is expected over $50 billion in the next five years
"In India's fast-growing economy, real estate has emerged as one of the most appealing investment areas for domestic as well as foreign investors. The real estate sector will continue to derive its growth from the booming IT sector, since an estimated 70 per cent of the new construction is for the IT sector," a report by Pricewaterhouse Coopers has said.
"Favourable interest rates, modern attitudes to home ownership (the average age of a new homeowner is now 32 years compared with 45 years a decade ago), economic prosperity along with a change of attitude amongst the young working population from that of `save and buy' to `buy and repay' and liberalised FDI regime have all contributed to this boom," it said.
NRI investors looking for investment in real estate India would have access to first hand information on upcoming and current real estate projects, as a range of property options, from residential apartments, plots and bungalows, to commercial properties would be on display.
The real estate market is on the upswing and for NRIs in this region, this is the right time to invest in properties back home. The property show being held offers the customers a wide choice with the best deals possible
The real estate industry has a lot of potential as various foreign Real Estate and Finance companies have entered the Indian market. Moreover 100% FDI is allowed in real estate development and the Indian government has played a major role in supporting the growth of the real estate sector by allowing NRI investment in real estate
The earlier events organized by Indus group in Dubai had done business worth 100 crores and generated sales enquiries more than 300 crores and the event recently held in Muscat had done business transactions worth more than 80 crores and generated sales enquiries more than 700 crores. The current event in Kuwait is expected to surpass the earlier exhibitions. The event is being sponsored by Vatika Group, NRI City by R.D Enterprises and Co Sponsored by Premier Properties.