Showcasing an estimated AED17 billion worth of property from across India, the Indian Property Show opened Wednesday at Dubai’s Airport Expo. The four-day event, organised by Sumansa Events, brings together over 80 real estate and financial agents from different parts of the sub-continent.
The show, which is open between 11am and 10pm, includes daily seminars on investment in property, introduced to bridge the information gap and build an understanding of the Indian property market, said Sunil Jaiswal, CEO, Sumansa Events. “Housing is among our first requirements.”
“Owning their own property is a dream of many Indians living in the Gulf, each nurturing an earnest desire to own a property either in the metros or in their state of origin. With over 1.4 million NRIs in Dubai, it became an obvious choice for us to hold the show here. We are focusing on gathering a critical mass of property developers and real estate agents from all over India to provide a comprehensive overview of real estate investment opportunities in India.”
Highlighting the significance of the Indian Property Show, Sunil said, “Considering the fact that NRIs in Gulf most likely seek to buy property in their state of origin, the show will have representation from builders in different region. With lawyers and financial consultants also to be part of the mix of exhibitors, visitors will be well-informed about the options available to them.”
Sumansa Events, through the Indian Property Show, intends to address two factors that inhibit an NRI from taking a decision: accurate information and direct access to real estate developers from India. The show will also collate lateral sector and ancillary services such as home finance providers, lawyers, and ‘vastu’ consultants to provide a unified real estate networking platform for investment in residential property in India.
On hand over the duration of the property show are consultants in different areas, from the traditional ‘vastu’ consultants (home environment specialists) to investment advisors, who will be speaking in the seminars that are open to the public, free of cost, daily.
Organisers of the show, which occupies over 7,000 sq metres of Dubai’s Airport Expo, expect over AED half billion worth of business to take place at the event, with prospective property buyers expected to attend from UAE and neighbouring countries.
“The real estate sector in India has achieved tremendous growth in the recent past. Real estate in the country is now considered to be one of the hottest investment options, and rates higher than bank deposits or bonds where the return ranges between 5.55 to 6 per cent. The retail market in India has been growing due to increasing demand from retailers, higher disposable incomes and shortage of quality space as on date coupled with lower interest rates, easy availability of housing finance and growing salaries. Changing consumer behaviour, combined with increasing disposable incomes, will ensure further growth of the retail sector in India.”
