The 4th Indian Property Show opens at Airport Expo on June 12

Notes and media contacts

For further information, please contact Megha Abraham at or alternatively on +97150 2271 769.

Interesting India Realty Updates:

According to an analysis report released by the Associated Chambers of Commerce and Industry of India (ASSOCHAM), 'Emerging Age Trends for Buying Dwelling Units for Self-Use' - from 2000 onwards, the age group for property registration for personal use was between 30 to 38 years, compared to an age between 55-58 years for buyers twenty years ago. The feedback to this effect came to the ASSOCHAM from real estate developers like DLF, Prasvnath, Omaxe, Unitech etc. The main factors responsible for the emerging trends include high rentals, non-sustainable lease agreements between property owners and those of tenants, rising income levels and easy availability of housing finance, says the ASSOCHAM analysis.

In the next 5 years, India is estimated to require investment worth $ 25 billion within the urban housing sector. This again has opened up opportunities for foreign investment in the realty sector.

An estimated $12bn of investment has been pledged by foreign and domestic funds over the next couple of years. The forecast commercial space requirement until 2008 stands at 42 million sq. ft. The average return on investments on commercial property in India is at a promising of 10-12% in comparison of 5-7% globally.

Leading Indian bankers are suggesting that interest rates on home loans are likely to come down this year. This should be welcome news to millions of borrowers who have seen interest rates go up significantly in the last two years. Deepak Parekh of HDFC has said that he expected interest rates to soften by 25-50 basis points in the first quarter. KV Kamath of ICICI Bank also added that he expects to see home loan rates cut in the first quarter of the fiscal year starting April.

IFC, a member of the World Bank Group, together with multilateral and bilateral donors, has established an infrastructure advisory facility to help the South Asia region develop bankable infrastructure projects, largely through public-private partnerships. This reaffirms IFC's strategic focus on infrastructure, one of the sectors where IFC is needed most. The new facility will begin operations with an initial $20m pool, of which IFC's contribution is $5m. It will work closely with government agencies at the national, state and municipal levels to help create model public-private partnerships in newer subsectors and increase access to infrastructure services across the South Asia region.

With a view to encourage and facilitate healthy growth of REITs in India, SEBI is proposing to frame the Securities and Exchange Board of India (Real Estate Investment Trusts) Regulations, 2008. Draft regulations can be seen at the link provided: SEBI (Real Estate Investment Trusts) Regulations, 2008. http://www.sebi.gov.in/commreport/RealEstateReg.pdf

Mr. Gajendra Haldea, Advisor to Deputy Chairman, Planning Commission, Government of India, has said that increasing investment in infrastructure from the current level of 5% of GDP to 9% by the end of the Eleventh Five Year Plan would imply an investment of $500bn over a period of five years. He emphasized the need to attract private sector investment and the need for greater acceptance of PPP projects.

About Sumansa Events
Sumansa Events uses the power of events and exhibitions to help investors, developers and buyers to interact on mutually profitable platforms. With offices in Dubai, United Arab Emirates and Bangalore, India; Sumansa Events is supported on the ground by a group of dynamic professionals with expertise in conceptualization, planning, on-site management, marketing and sales. Each member of the team comes with a unique multinational perspective and a wealth of multi-sector experience. Sumansa Events has a proven track record of strategizing, conceptualising and implementing large scale events and exhibitions that have delivered measurable results to its clients.

For more information, visit Sumansa Events on the Web at www.sumansaevents.com. For the latest on Sunil Jaiswal visit www.suniljaiswal.com.