Wednesday, November 3, 2010

Property India 2010 — Indian property show

Property India 2010 — Indian property show

Property India 2010, a two-day Indian real-estate extravaganza, is set to take place on Friday, 5th and Saturday, 6th of November, at the Ramada Hotel, Riggae from 10:00 am to 8:00 pm

Organized by Future Exhibitions and Promotions (FEP), one of India’s exhibition and event management companies based in Bangalore, the Property India 2010 exhibition will showcase a wide range of properties by renowned builders and developers displayed at a single venue in Kuwait.

“Now, is an opportune time to invest in Indian real-estate; the prices are just right and properties are plentiful,” said D.K.Sreekar, Chairman, FEP. Explaining his confidence in the Indian realty sector, Mr. Sreekar added, “Within the last decade the India Property scenario has gone through rapid changes, triggered by several factors including the IT / ITES boom years, government policy changes and changes to the global economy.”

“There were at least two peak periods during the last two decades in real-estate development, the first was witnessed in the 90s, during IT and Outsourcing boom years. When this phenomenal growth period began to slow down, the Government’s decision in 2005, allowing 100 percent foreign direct investment in the real-estate sector, once again helped fuel rapid development. Then, for a while, during the global economic crises of 2008-2009, enthusiasm for real-estate investment dampened. But of late, with the economy recovering and India on an economic roll, real-estate is once again on an upward trajectory.”

Short-term boom and bust periods notwithstanding, overall real-estate investment in India is expected to rise on account of the huge pent-up demand for quality residential requirements in the country. On last count, there is a pending demand for 25 million housing units in urban India alone. While funds coming in from foreign investors helped fuel the initial real-estate boom, it is now being sustained more and more by domestic funds. With the arrival of domestic Real Estate Mutual Funds and Real Estate Investment Trusts into the fray, the real estate sector is replete with funds.

According to Venture Intelligence, which tracks private equity and mergers and acquisitions in India, since January 2010, domestic funds have put in $864 million (Rs3,950 crore) in 22 realty deals. During the same period, the contribution from foreign funds was a mere $126 million (Rs 575 crore) and in only three deals. Latent local demand, domestic funding and a booming economy are together expected to ensure the stability and steady growth of the Indian real-estate sector into the future. Moreover, the economic slowdown affecting the western industrialized world has not dented India’s appeal as one of the most lucrative real-estate investment areas in the world.

Visitors to Property India 2010 will be able to get first-hand information on the current Indian real-estate scenario from the people directly involved in the industry on a day to day basis. They will get to sit down and discuss with the builders about their latest projects, facilities and amenities offered, and the pricing plans. Property India 2010 will be an opportunity for Indians in Kuwait to meet under one-roof, builders, real-estate developers and property promoters from all over India, to deliberate in-depth on all issues related to real-estate in India.

With the participation of well-known and reputable developers from across India, and properties on display specifically selected to be of potential interest to NRI clients, the Property India 2010 show is geared to be a not-to-be-missed event. For people looking to buy a home or invest in the lucrative Indian real-estate sector, the Property India 2010 exhibition could prove a golden opportunity, with choice of properties on offer at the exhibition ranging from high-end luxury villas to best value properties.

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