GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
14 states and 60 cities across India
 
The free-to-attend exhibition will be held on 7th, 8th & 9th December in Halls 7 & 8, Dubai World Trade Center
Tempting offers for on spot purchase, flat discounts, free home through lucky draw, and complimentary tickets to global destinations including India.
  • Indian property price growth predicted to rise to as high as 30% per annum
  • Indian real-estate contribution to GDP projected to increase to nearly 13% by 2025 from 6.3% now
December 7, 2017; Dubai, UAE:  More than 200 Indian property developers across 14 states and 60 cities assembled at the CREDAI's Indian Property Show that opened to public today. The popular exhibition, featuring thousands of residential and commercial projects, has sparked further interest among property buyers following the recent reforms to promote transparency in the Indian real-estate sector. Visitors will not only get a chance to closely observe the current trends of Indian property market, but can also register any related grievance at the Consumer Grievance Redressal Forum, present at the venue. The event was inaugurated by H.E. Sultan Butti bin Mejren, Director General of Dubai Land Department (DLD); Mr. Vipul, Indian Consul General to UAE; Dr. Arathi Krishna, Deputy Chairman, NRI Forum Karnataka, and Mr. Arbaaz Khan, Bollywood actor, producer and Indian Property Show brand ambassador in the presence of top CREDAI dignitaries. 
 
The three-day property expo is being held at Halls 7 & 8, Dubai World Trade Centre from 7th to 9th December, 12noon to 8pm. Admission is free for all visitors with provision for free parking. Besides property retail, visitors can also avail tempting offers for on spot purchase, flat discounts, free home through lucky draw, on booking a property at the exhibition you can avail complimentary tickets to global destinations, and the most attractive offer is by just visiting the show you are eligible to win 6 free return tickets to India. 
 
CREDAI will also host Smart India Realty Meet & Awards Ceremony to acknowledge the leading developers and Government Institutions in UAE and India, Banks, Dubai Land Department and UAE Channel partners
 
Commenting on the sector's growth, Jaxay Shah, President CREDAI, National, commented: “The present moment is a good time to invest in real estate in India keeping in view that the average rate of growth in prices has been more than 20% per annum historically and likely to rise to as high as 30% per annum. Markets like Mumbai, Pune and Bangalore enjoyed appreciation in prices of around 15% over the last one year. There is good news from smaller towns as well. Kochi is witnessing appreciation of more than 25% annually as we speak. On the macro front too, the growth rate of the real estate industry is quite intact. The sector grew at a constant annual growth rate of 19% over the last decade. The contribution of real estate to India's GDP which stands at 6.3% today is projected to increase to nearly 13% by 2025”.
 
Reiterating the sentiment, Shub Ganguly, Senior Vice President, Sales, Prestige Group added: “Going forward, factors like rapid urbanization, increased migration to cosmopolitan and Tier 1 cities, and the government's focus on infrastructure and affordable housing will give the required impetus and push to the real estate sector. With transparency, uniformity in the sector, greater accountability and financial discipline for the developer, a uniform tax structure across the country and stable prices in the sector, there cannot be a better time to buy than now.”
 
The Indian property witnessed a wave of optimism following the implementation of Real Estate Regulation and Development Act, 2016 (RERA) and Goods and Services Tax (GST), giving buyers the confidence to invest in an industry that is now more organized. For developers, too, the move ensures a cleansing of dubious elements, giving way to more quality projects and a proper framework to operate on. 
 
Speaking about the reforms, Getamber Anand, Chairman & Managing Director -ATS Infrastructure limited, added: “GST is to bring consolidation in the supply chain, promising to facilitate seamless and fast transfer of goods across the country, thus increasing the working capital availability. RERA, on the other hand, has made the realty sector safe for buyers. Now all the states and union territories in India will take their property records and registration online. This would ease the documentation process which usually requires multiple visits to the government offices. Since properties bought by NRI's are highly susceptible to property frauds, by taking property records online, NRI investors would be able to keep track of their property without any hassle.”
 
“The optimism on the back of the reforms has infused trust in the sector among NRI realty buyers and we foresee a prolific growth in the industry in the long run,” said R. Srividya, General Manager, Indian Property Show, “NRIs, particularly in the UAE, have been steady buyers of Indian real-estate, and the development will give it further boost. We're also seeing an impressive number of developers from across India reaching out to expats, as evident by the turn out at the property show.”
 
The CREDAI's Indian Property Show aims to display more than 1000 projects in a first ever large international exhibition where properties starting from 15 lakhs and above will be showcased.  Projects to suit every budget and requirement will be made available to fulfill the dreams of millions of NRIs in the UAE.
 
Exhibitors at the show include top developers, including, Prestige and Indiabulls Real Estate as the Diamond Sponsors, ATS Infrastructure Pvt. Ltd as the Platinum Sponsor, SBI as the Gold Sponsor and Rajesh LifeSpaces Real Estate and Nanded City as the Silver Sponsor, Adani Realty, Lodha Group, Tata group, Wadhwa, Godrej, BCC Infrastructures Pvt. Ltd, EMAAR, Satya Developers Pvt. Ltd, Shree Balaji Group, Savvy Infrastructure, Ganesh Housing, Gera Developments, Paranjape Schemes Nayati Group, Mantra Properties, , Fortune Dream, Alembic Group, Mount Housing, Urban Tree Infrastructures Pvt. Ltd, Jain Housing, RWD, Isha Group, Purvankara, Landtrades Infrastructures Pvt. Ltd, Mantri Developers, Brigade, SI Property Kerala Pvt. ltd, Hi-life Builders, Builtech Palakad, Asset Homes, Sreerosh developers and Vishraam Builders, among others. 
 
Visitors at the property show can also attend free seminars by property gurus on current property trends in India; Vaastu demystified by celebrity design consultant Rasesh Shah and Vaastu expert Dr. Padmaja Yadav; and the legal aspects of real-estate investment in India. The seminars will also feature talks about the new Indian RERA law, Taxation, upcoming projects, infrastructural development that certain cities will witness making them a lucrative option to invest.



Posted by : GoDubai Editorial Team
Viewed 13756 times
Posted on : Thursday, December 7, 2017  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : ‘Ejari' smart app protects the rights of all parties
Next Story : Sharjah Set to Host the First Pakistan Property & Investment Exhibition
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
100% Vegan New… Body Yogurts 15 Seconds to Glowing Healthy-looking Skin Spoon It on
Therése Neaimé- Sold to perfection
Leaves of Joy
Marni Eyewear Collection, Exclusively Available at Grand Optics
Linda Paradis brings non-invasive ink removal to Dubai
ba&sh The Modest Collection
Sandro's SS18 Top Picks - It all begins with color!
IKEA announces latest INDUSTRIELL and HJÄRTELIG Collections
Sony's PXW-Z280, World's first 4K 3-chip Camcorder with new 1/2-type Exmor R CMO...
Martin Hoping for Amstel Gold as Irishman Leads Team to Ardennes Classics
Timeless Ties
Scuderia Ferrari Abetone Collection
HP's New High-Performance Workstations Push Creative and Technical Workflows to ...
Tommy Hilfiger's SS2018 men's and women's watch collection
Boss watches presents the Ocean Edition
Sophie's Café Introduces Ve-Gang Tuesdays for ladies starting from 17th April
The Chronofighter Grand Vintage by Graham is exactly as big as it appears in the...
Al-futtaim Names Its New Dubai Lifestyle Mall – ‘Festival Plaza'
Nikon D850 and D7500 presented with Red Dot Award: Product Design 2018
Japan's Masazo Nonaka Is Awarded Guinness World Records Title for Oldest Living ...
Skyline Mega Fitness Challenge Sparked Positivity and Happiness
MG Motor and Al Yousuf Motors Open New Dubai Showroom
Trend Alert from kate spade to help you pull off the cool girl look when you're ...
Accessories Collection 2018 Gentleman Attitude
Latifa bint Mohammed visits PCFC's stand at DIGAE, hails state-of-art initiatives
Sony unleashes refined creativity with the new FS5 II
Summertime Beauty Picks at Glambeaute.com
COLAB - Dry Shampoo
Get the best bargains at Dragon Mart's End of Season Clearance Market
ICBA, Dubai Carbon team up for sustainability projects
ORANGE & BERGAMOT Awaken the Cult Icon New Additions
Indie Film ‘Selfie' Premieres in Dubai
PCFC's stand at DIGAE sees heavy diplomatic footfall
ETIHAD AIRWAYS BOOSTS SERVICES TO MOROCCO
FOREO delivers the ultimate festival survival kit for a glow-on-the-go.
Dubai-based Al Kasir Group launches three Crypto assets backed by diamonds
Samsung launches Exciting Smartphone Trade-In Program with Galaxy S9 or S9+
Finnair to offer a hand baggage only ticket type on selected North Atlantic routes
GMIS Signs Memorandum of Understanding With Italian Pharmaceutical Leader Farmin...
Airbus and Zodiac Aerospace enter into a partnership for a new lower-deck passen...
International Property Show and Dubai Property Festival drive exclusive banks offers
HONEYWELL TO INSPIRE NEXT GENERATION OF PROGRAMMERS AND SCIENTISTS AT THINK SCIE...
Airbus launches new Cabin-Flex option for A380 with Qantas
New Blow Out Bar and Make-Up Studio SWISH by Immaclife Opens in Abu Dhabi in Apr...
A Royal Ramadan Experience by Master Chef Mama in Pullman Dubai Creek City Centre
Dubai Property Show and International Property Show kicks off 14th edition with ...
50-YEAR ANNIVERSARY OF A MATERNAL HEALTH BREAKTHROUGH
Ferrari World Abu Dhabi Takes Home MENALAC 2018 Best Theme Park Award
Final Dome Structure Completed at Barakah Nuclear Energy Plant
IIA conference a catalyst for UAE economy: Al Mansoori