From left: Amanullah Vadakkangara, CEO, Media Plus; Sunil Jaiswal, CEO, Sumansa Exhibitions, and Srividya Rajan, General Manager, Sumansa Exhibitions, at a press conference yesterday. (Salim Matramkot)
DOHA: The “Indian Property Show-Doha” would open at La Cigale Hotel tomorrow. The organisers said here yesterday that they were expecting over 5,000 genuine buyers to visit the show.
Indian Ambassador Sanjiv Arora will be the chief guest at the inaugural event, scheduled at Al Wajba Ball room at 10.30am.
The exhibition, organised by Dubai-based Sumansa Exhibitions, is poised to be the biggest display of Indian real estate showcasing properties worth QR10bn by over 50 developers exhibiting about 200 projects from across India, Sunil Jaiswal, CEO, Sumansa said at a press conference here yesterday.
It will provide a platform for non-resident Indians (NRIs) to interact with Indian property developers, financial institutions, legal advisors and architect consultants and more all under one roof. Some of the developers at the show are: Indiabulls, Jaypee Greens, Wave Infratech, Purvanchal, Brigade Group, Proptiger Realty, Purvankara, Ansal Housing,Ozone Group, Arun Excello, Kalpataru, Ishwar Parmar Group, Achalare Rachna and South India Shelters.
Featuring affordable to luxury and from investment to commercial spaces, developers will be showcasing apartments, villas, row houses, commercial, retail properties and farm land from cities like Delhi, Noida, Greater Noida, Gurgaon, Jaipur, Mumbai, Navi Mumbai, Pune, Chennai, Bengaluru, Ahmedabad, Kochi and more.
Said Sunil: “The Indian real estate market is expected to rise to $90bn by 2015. 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 percent due to rupee depreciation. The NRIs are cashing in on this deprecation and are making a beeline to buy property in India”.
The fall of the rupee is encouraging more investment by Gulf-based NRIs into the realty market which offers relatively higher returns. Properties continue to be a preferred choice for expat Indians for investment and asset creation. What they look for is a good brand to invest and a price point which is good to enter, he said.