Top Indian properties to showcase in Doha
Doha, March 28, 2013
More than 50 developers will exhibit about 200 projects worth QR10 billion ($2.74 billion) from across India at the Indian Property Show opening in Doha tomorrow.
The event will run until March 30 at La Cigale Hotel.
Expected to be visited by over 5,000 genuine buyers, Indian Property Show by Sumansa Exhibitions is recognised as one of the most diverse and largest exhibition of Indian Properties in many cities. Having delivered 16 internationally acclaimed shows in world’s top cities, this is the first time this show is being held in Doha.
The exhibition will provide a unique platform for Non Resident Indians in Qatar to interact face to face with Indian property developers, financial institutions, legal advisors, Vaastu consultants and more all under one roof.
There will be seminars which will offer visitors opportunities to learn about issues such as the principles of Vaastu, legalities of buying property and the do's and don'ts of financing among others. Visitors can meet, interact and discuss with the best in the business or even seek advice from industry experts.
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 across India.
Exclusive Property Dhamaka will bring exciting and unbeatable offers from participating developers that include discounts, amazing holiday packages for families, free property registrations and much more for on the spot bookings.
Sunil Jaiswal, CEO, Sumansa Exhibitions said: “The Indian real estate market is expected to rise to $90 billion 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 per cent due to rupee depreciation.”
“The NRIs are cashing in on this deprecation and are making a beeline to buy property in India. According to the World Bank, India continues to retain the top slot in remittances by expatriates from abroad and these are mainly used for family needs and investments in stocks, property and term deposits.
“Real estate here is preferred because of a desire to create a higher lifestyle for the family and the price appreciation in the long term.”
Santosh Tandel, regional head – Mena Region, Indiabulls, said: “We are now closer to our customers in Qatar as a result of our recent collaboration with Doha bank, they are our local representative.”
“Doha Bank’s agreement with Indiabulls serves the growing demand from expatriate Indians for home loans and property acquisitions in India. NRI customers seeking to purchase homes in India through Indiabulls Real Estate can approach Doha Bank to secure financing at very competitive rates with flexible repayment schedules. Complimentary Home Loan eligibility checks, special offers on Indiabulls properties and exclusive promotions for Doha Bank’s customers will be part of the offer.”
“The fall of the rupee is encouraging more investment by Gulf-based non-resident Indians (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. For NRI’s reputed developer with good track record, quality and possible price appreciation is an important factor. We offer a range of investment options right from INR40 lacs ($735,000) to 20 crores and response is overwhelming”, added Tandel. – TradeArabia News Service