Indian Property Show to open at DWTC on June 21stto
- United Arab Emirates: Wednesday, June 20 - 2012 at 15:05
- PRESS RELEASE
The Indian Property Show would open its doors to the public on Thursday, June 21st morning at 12:00 noon at Hall No 7, Dubai World Trade Centre through an official opening ceremony.
An ideal platform to meet developers, estate agents, financers, legal experts and vaastu consultants all under one roof that will help you to make the most important decision of your life- Property Investment! Some of the leading developers at the show include Mantri Developers, Nirmal Lifestyle, Nahar Group, Hiranandani, Ansal API, Ireo Pvt ltd, Amrapali, Brigade Group plus Investors Clinic-India's leading real estate consultancy, Assetz Homes, Sobha Developers Ltd. and leading banks would also participate.
Launched in 2006, the Indian Property Show brings together elite developers from India to NRI's abroad. Over the last 5 years, the show has grown in leaps and bounds; in 2011 the show went global, pioneering new markets- Durban, London, Hong Kong & Singapore.
Dubai continues to be home to the parent show, hosting 2 shows annually - the December 2011 exhibition received a great response from over 14,000 visitors and this show is expecting at least 15000 visitors over three days from June 21-23rd, 2012.
Mr. Sunil Jaiswal, CEO, Sumansa Exhibitions said "The depreciating rupee may be a concern for the Indian economy, but NRIs are the happier lot as they find the time is ideal for real estate investment in India. In flow of funds into property sector has increased by 25% -30% due to rupee depreciation. The NRIs are cashing in on this deprecation and are making a beeline to buy property in India. Due to rupee depreciation, a Rs 60 lakh worth of property in India now costs United Arab Emirates Dirham Dhs3,75,000/- as against AED 4,44,000/- just few weeks back.
NRIs need to be cautious while buying real estate because it is difficult to monitor property while staying abroad. It is advisable to physically inspect the property before finalizing a purchase.To avoid getting a raw deal, make sure that you verify the title of the property.
In any case, it's advisable to appoint a local lawyer, who will study the project and provide a report called "Due Diligence Check", based on which NRIs can decide on the investment, said Ajit Jakhadi, Mumbai High Court Advocate.
According to Kapil Goyal, Head of International sales-Nirmal Lifestyle, Mumbai, "the game plan between NRIs and Indian developers is focused in higher down payments while investing to get more and more discounted rates. This is benefitting NRIs to get better entry rates into their investment and also to shell out their Dollars at the dream conversion rates!! Developers are happy too as they are getting them good funding which they need most at the moment!!
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