There will be attractive deals and financing options on offer
The India Real Estate Show 2018 will be held in October in Dubai, bringing top developers from India and giving an opportunity to non-resident Indians (NRIs) in the UAE to cash in on attractive deals and financing options.
Jointly hosted by the UAE's first English daily Khaleej Times and Indiabulls Housing Finance, one of India's largest home finance firms, the two-day exhibition will be held on October 26 and 27 at the Crown Plaza Dubai.
Sunil Kumar Gupta, national business manager for credit, Indiabulls Housing Finance, is optimistic that the upcoming exhibition for UAE-based NRIs will help them make decisions quicker and easier on buying assets in India.
"The India Real Estate Show will help decision-making for the NRI fraternity who is looking to buy property in India. This event should help us further enhance our presence in the UAE. This year, we are looking at 45 to 50 per cent growth and this event will set the pace for us," Gupta said.
Highlighting the benefit for property buyers visiting the show, he said NRIs can look forward to two things: Firstly, an opportunity to meet with various developers under one roof and, secondly, Indiabulls being a financial partner, property buyers from the UAE need not worry about their financing needs.
In addition to some of India's top property developers, Gupta revealed that some Indian companies with offices in the UAE will also take part in the exhibition.
"As an organisation, we are affiliated with almost 10,000 developers across India and we will have a fair bit of presence of developers from across the country," Gupta added.
It is expected that more than 7,000 people will visit the India Real Estate Show, which will also see celebrity appearances. Visitors to the exhibition will get discounts on properties, attractive payment plans by financial institutions and stand to win on-the-spot prizes.
Shishir Kapadia, senior vice-president for finance and operations, Khaleej Times, said: "Khaleej Times has always taken the lead in new initiatives that matter to our readers and audience. Indian real estate is definitely one of those areas and with a partner like Indiabulls, the impact that we can create is huge. I am also sure that this is just the beginning of a long and fruitful partnership."
"The UAE's first English newspaper, Khaleej Times has been a pioneer in the country. We are proud to once again get another 'first' under our belt - this time as the force behind the India Real Estate Show," said Vicky Kapur, executive editor, Khaleej Times.
"The majority of our readers are interested in the Indian property opportunity, and it is logical for KT to make a debut in this segment in partnership with a strong domain expert like Indiabulls," Kapur added.
Analysts believe that the outlook for India's real estate market is positive and can offer stable returns over the coming years as the market matures. It is estimated that the Indian property market will touch $180 billion (Dh661 billion) by 2020, offering a compound annual growth rate of 11.2 per cent.
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