Business | Economy

Indian Property Show opens on Thursday

Promoters expect 15,000 visitors over three days

  • Staff report
  • Published: 00:00 June 20, 2012
  • Gulf News

Dubai: NRIs here are getting a chance to get up close and personal with their dream homes at the Indian Property Show which opens on Thursday at the Dubai World Trade Centre. More than Dh15 billion worth of properties and projects from 70 developers will be on display at the event. These include developments in the key metropolises as well.

Developers will be using this opportunity to convince prospective buyers that this is as good a time as any to get into the market by highlighting the favourable currency situation of the dirham to the dollar. “NRIs are cashing in on this deprecation and are making a beeline to buy property in India,” said Sunil Jaiswal, CEO of Sumansa Exhibitions. “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.”

An option would be for new buyers to commit to a sizable upfront payment at the time of the booking and thus be in line to avail of bigger discounts. This would greatly reduce their payment commitments over the tenor of their loan exposures.

Meanwhile, the promoters expect 15,000 visitors over the three days.

 

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