Indian property reaches Dubai

The 8th India Property 2007 — Dubai was organised by The Confederation of Real Estate Developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI). It was held at the Dubai Renaissance Hotel, from June 14 to June 16, 2007.

India Property 2007, Dubai featured some of the prominent names in the Indian real estate industry. Both residential and commercial properties were showcased. Developers from Mumbai, Navi Mumbai, Pune, Nashik, Goa, Bangalore, and Hyderabad were among those who showcased their projects at the exhibition. This exhibition was supported by the Ministry of Urban Development, Government of India, with LIC as co-sponsors.

There are an estimated one million Indians residing in the UAE with Dubai being the hub of commerce and industry, and increasingly developing as a major hub for service industries such as IT and Finance. NRIs in Dubai are well placed in local society.

Asian expatriates account for more than 75 percent of the UAE population with over 40 percent of these less than 25 years of age. NRIs in Dubai are high net worth individuals, which makes
them a potentially rich market for real estate investments in India.

J.S. Augustine Co-Chairman, International Exhibitions, MCHI explained, “India is poised for an unprecedented economic growth. With our GDP crossing 9.5 percent, the opportunities for every Indian, irrespective if they are NRI’s or others are considerable. Even land in the distant villages has appreciated in price. Commercial and Residential are yielding high returns. Rentals have grown. There can not be a better time than now to invest in Indian real estate. CREDAI and MCHI facilitating this for NRIs in Dubai is a boon and they can transact with a lot of trust.”

CREDAI and MCHI will ensure complete transparency for the customers throughout the entire transaction and guarantee them the amenities and specifications as promised during the deal. In the event of any dispute the consumer can approach CREDAI to assist them in resolving the same.

Source://cybernoon.com