Realty India Expo registers positive sales

24/11/2014 06:10 AST

India’s property market continues to attract huge investments from Non Resident Indians (NRIs) living in the Gulf as the sector presents huge investment opportunities for the expatriate community.

Over 80 renowned developers from India converged under one roof in Dubai during the week to showcase some of India’s finest properties from different States such as Gujrat, Kerala, Maharastra, Goa etc.

The two-day exhibition, known as Realty India Expo brought together leading developers closer to the NRIs to give them a chance to own their own property back home.

Close to 80 exclusive developers participated in the expo presented by Times of India in conjunction with Mindscape Exhibitions, the event organisers.

Speaking to The Gulf Today at the event, M I Sait chairman of Mindscape Exhibitors, said that the expo offered a platform to investors to choose their dream homes.

He added that the Realty India Expo is being held at a time when the new government under Narendra Modi’s premiership has relaxed foreign direct investment norms to encourage FDI investment in real estate and the budget has given fiscal concession for affordable housing.

Sait confirmed that over 100 crore of business was conducted at the close of business on day one, with 4000 registration.

Asked about competition in the market, Sait said there is no stiff competition as Mindscape provides the exhibitors with lucrative package deals to reach out to the community’s needs. Mindscape does not believe in small time brokers or distributors, we have quality developers providing high quality developments, said the Chairman.

The Gulf Today