Maharashtra Chamber of Housing Industry (MCHI), in its bid to attract investments from Middle East, would be showcasing properties of renowned builders from across India, at India Realty Expo 2009, to be held in Dubai on June 4-6India Realty Expo 2009 will be held under the aegis of MCHI, a member of Confederation of Real Estate Developers’ Association of India (CREDAI), to provide an opportunity to NRI investors to explore abundant opportunities offered by the real estate sector in India in housing as well as commercial and retail options.
Affluent NRIs are desperately looking for ready to possess homes back home in India. Catch them at the India Realty Expo in Dubai. The India Realty Expo is the best option for reaching out to deep-pocketed Gulf NRIs looking for ready-to-possess homes in India. This much awaited annual exhibition now returns to Dubai.
As many as 15 leading developers, members of the MCHI, would be participating in the exhibition, 12th INDIA REALTY EXPO 2009 scheduled to be held at Sheraton Dubai Creek Hotel and Towers, Dubai during June 4-6, 2009. The exhibition will remain open from 5 pm to 9 pm on 4th June & 10am to 1 pm & 4 pm to 9 pm on 5th & 6th June.
Mr. Nainesh Shah, Secretary CREDAI, and Chairman International Exhibitions, MCHI, feels this is the right time for NRIs to buy into Indian real estate.
The real estate sector has seen a fair amount of correction from the peak property prices.
As one of the most reliable avenues for property trade in the Gulf, India Realty Expo attracts a massive turnout of NRIs every year.
The exhibition this year will focus on ready to possess homes valued up to Rs. 70 Lakhs, Homes offering possession within 3-6 months, Affordable budget homes, Low home loan interest rates from Banks and HFIs, 80-90%home loan for NRIs booking under construction homes with 10-20% down payment.
Mr. J. S. Augustine Co-ordinator, MCHI & Co-Chairman, International Exhibitions added, “Residential property prices have become more affordable and more attractive for NRIs particularly for Dubai NRIs. Who have invested in Dubai property, will find that India is a very good option for them to invest in a home away from their hometown or in the international-standards of commercial properties.”
One of the important factor from the investment point of view is that exchange rate of around INR 50 = 1 USD makes purchase 101% cheaper hence, NRIs prefer India over the Gulf region as a safe investment.
According to Mr. Zubin Mehta, CEO of MCHI “NRIs are taking a fresh look at India as a stable market in which they could invest, or even turn for lucrative entrepreneurial opportunities in sectors like Finance, Banking, Insurance, Media and Entertainment, Telecom, IT & ITES, Bio-Technology, Medicine, Pharma, and Education.”
The INDIA REALTY EXPO 2009, is entering into the 9th year. The objective of the Expo is to provide a platform to Indian developers to showcase their projects in the middle east countries and at the same time offer an opportunity to the NRI investors to explore the vast opportunities and wide range of housing and commercial options available in the Indian Real Estate Industry from Mumbai and various other locations in Maharashtra and other states across the country.
The INDIA REALTY EXPO 2009 will provide a one stop solution to all needs of a Non-Resident Indians intending to purchase a property in India.
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