Indian properties to be on show in Dubai

Indian properties worth Dh1.6 billion will be showcased during the Indian Property Show 2010, the organiser has said.

The three-day exhibition, at Airport Expo-Dubai from November 25 to 27, will provide a platform for Non-Resident Indians in UAE to interact face-to-face with Indian property developers, financial institutions, legal advisors, Vaastu consultants and more all under one roof.

The show will bring in about 65 builders such as Unitech Reatox Group, Jay Pee Greens, Aamrapali, Ansal Housing, Raheja Universal, Vatika Group, Panchsheel, Godrej Properties, Mantri Developers Bengaluru, Sunil Mantri Realty etc.

Sunil Jaiswal, CEO Sumansa Exhibitions said, "Despite the global financial crises and the resultant economic downturn, the Indian economy was quick to recover and has retained its position as the fastest growing economy in the world. India is the top place to invest right now especially the Indian property market is immensely promising for a wide variety of reasons.

"According to a recent study, returns from rental incomes on investment in commercial property in metros, is around 10.5 per cent, the highest in the world. Real estate in India is now considered as one of the hottest investment options as compared to bank deposits or bonds where your return ranges between 5.55 to 6 per cent.

"The demand for housing is gradually increasing. More and more people are investing in housing today. With these figures on the rise, the demand is slated to increase to 3 times the supply by 2014, making it now the right time to invest in property," added Jaiswal.

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