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India Property Show in Dubai

Jun 22 2012 | 0 Comments | 1419 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.


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