Dubai: Indian Property show, a three-day real estate exhibition aimed at attracting NRIs based here, opened on Thursday, which will showcase over 1,000 upcoming properties in India worth USD 8.1 billion.
Around 90 developers would showcase over 300 projects and 1,000 plus properties from across India in the show, along with battery of real estate agents, financers, legal experts and vaastu consultants, Sumansa Exhibitions, the company which is organising the show, said in a statement.
"Due to the economic liberalisation in the last decade, we are seeing a trend reversal of sorts as many NRIs (Non- Residential Indians) are migrating to India so we are witnessing an increased thrust in NRI investments.
"The weakening of the rupee is also serving as an icing on the cake," Sumansa Exhibitions CEO Sunil Jaiswal said.
The show is expecting 18,000-20,000 visitors, including Wadia Group's Bombay Realty, Indiabulls, Sahara Prime City, Vatika Group, Nirmal Lifestyle, Hiranandani, Ansal Housing, Investors Clinic, the statement said.
Jaiswal said the national capial region (NCR), Mumbai and Bangalore are three of the biggest property markets in India, and Pune, Hyderabad and Kolkata are the fastest growing destinations in terms of real estate.
According to a recent report by Knight Frank India, the real estate sector will continue to remain an attractive investment destination with the possibility of prices in residential areas appreciating by 91-45 percent in select cities over the next five years, a statement said.
First Published: Thursday, December 13, 2012, 13:46