Welcome Guest! Contact us +91-7979932964 Follow on:    Contact Us |  FAQs |  Free Register |  Login 
Advice » News» India Property Show in Dubai

India Property Show in Dubai

Jun 22 2012 | 0 Comments | 2485 Views

Indian property developers are trying to attract investments from NRIs in Dubai in the face of sharp depreciation of rupee vis-à-vis US dollar. Next week, over 70 developers will congregate to showcase nearly 300 projects (from economy to luxury segments) in Indian cities valued between Rs 8 lakhs and Rs 9 crores. Some big names like Mantri Developers, Hiranandani, Ansal API, Ireo Pvt ltd, Amrapali, Brigade Group plus Investors Clinic, Assetz Homes etc. will participate while there will be representation from the financial institutions too.

This property expo has grown in importance due to the recent focus on affordable housing in Union budget 2012 wherein external commercial borrowing by builders was allowed to infuse more liquidity. Following the budget proposals, however, the housing in tier-1 cities will become a bit expensive due to service tax and increased excise duty. Therefore, the potential investors will be wooed to the outskirts of tier-1 cities and to the tier-2 and tier-3 cities in India. In focus will be the usual suspects viz. Mumbai, Bangalore, Chennai, Gurgaon, Noida, plus some others like Kochi, Pune.


Leave a Comment



Latest News
Fitch Downgrades India Credit Rating

As Indian economy slows and currency depreciates, Fitch, a global credit rating agency cut India’s sovereign credit rating from stable to negative.

Read More
Latest News
Which Indian real estate stocks should you buy now

Prospect for real estate companies look grim; still there are opportunites for long run gain

Read More
Latest News
RBI opens the Credit Tap

The reduction of Cash Reserve Ratio (CRR) is expected to inject liquidity into a credit parched economy. This is expected to be the beginning of monetary easing.

Read More
Latest News
Property market outlook rosy for 2012

Commercial space market to cool; Property market outlook rosy for 2012; Rampant delay in project completion

Read More
Latest News
Bengaluru in top 10 in investment destination

Based on a study by PricewaterhouseCoopers (PwC), Bengaluru is the 10th best real estate investment destination for 2012 among the most favored real estate investment destinations in the Asia.

Read More