Riding high on the real emotions that have back to Indian real-estate. The Indian Property Show in Dubai started its 20th release today, featuring hundreds of schemes across the country. The lengthy running property exhibition as NRIs in the UAE held at Dubai World Trade Centre, Hall #6, on 8, 9 and 10 June from 3 pm to midnight. The three-day exhibition was inaugurated by HE Sultan Butti bin Mejren, the Director General of Dubai Land Department, and promises its visitors a different range of property from apartments, row houses, villas, plots, and commercial to retail properties.
However, This year, visitors can also avail exclusive deals and guarantees to protect their investment, ensure an immediate return in the face of rents, and get the best price for money without paying extra. Entry is free with preparation for free parking. The presentation will also feature talks regarding the new Indian RERA law, upcoming projects, taxation, and infrastructural development that several cities will witness making them a lucrative opportunity to invest.
The Indian RERA Ushers
Following a brief shock post demonetisation, the Indian realty is back in business. In the first 3 months of 2017, housing sale and new launches fired up by 70% as analysed to the corresponding period last year. Further launches numbered at 30,000 units during housing sales jumped to 23,000 parts in the January to March period of just about 14,000 in the prior quarter.
Non-resident Indians have prolifically buying in Indian property, not only because of original homes but also as an extra investment. In 2017 alone, the entire NRI investment in realty in top eight cities supposed to touch $11.5 billion (or AED 42.2 billion), expressing 20% of the total market share, currently expected at $60 billion (AED 220 billion).
“Bringing a paradigm change in the way to the Indian real estate sector purposes, the implementation of RERA in India brought the positive feeling back into Indian Realty,” commented General Manager- Corporate Sales & Brand Engagement, R. Srividya,