Home Owner India Pavilion at Home Owner Dubai

"There is incredible growth right now in India in all arenas" said Simon O'Herlihy, General Manager OF Motivate Events. "First off, there are quality office parks and campuses. Small shops continue to dominate the retail sector, but there is the beginning of Western-style shopping centres emerging. The standards of top Indian hotels are outstanding, with room shortages in certain markets. And there are some highly successful Indian construction and development firms, some with very sizable portfolios".

"The new rent control act has opened up the market especially in the residential sector", continued O'Herlihy. "The increasing availability of ready apartments in new developments in the suburbs supported by factors like affordable prices is bound to ignite a buying spree. Couple this with leasing activity in the commercial sector and momentum is bound to gather in the property market".

"The decision to introduce Home Owner India into Home Owner Dubai is due, in part, to India's relaxation of foreign direct investment policies which allows venture funds to invest in real estate", explained O'Herlihy. "This has really heightened the opportunity for foreign investment and created much more awareness and sensitivity. The fund legislation is significant because it allows foreign investors to invest through funds, which will create greater transparency and make investment more attractive".

"The other reason for the introduction of Indian companies into the event is that doing business in any new country has challenges, and India has more than its share. Local real estate customs are quite different than what we're used to in the UAE or Western Europe, and with the Indian sector in transition understanding this new market will take time", said O'Herlihy. "Home Owner India in conjunction with Home Owner Dubai will provide the ideal platform to provide information to interested purchasers and investors.

"Real estate development in India is estimated to be in the region of USD 12 billion, growing at a pace of 30 per cent each year. Almost 80 per cent of real estate developed is residential space and the rest comprise office, shopping malls, hotels and hospitals. Participants in Home Owner Dubai include DLF, Eros, New Era, Godrej, SBI, PurvankaraBrahma, Siddhivinayak, Multi Con, DSK and e-vision and will give visitors to the pavilion a wider understanding of the Indian market" concluded O'Herlihy.