Fifth NRI investment show opens in Dubai

DUBAI - The 5th Khaleej Times NRI Investment Show 2004 opened at the Hotel Sheraton (Creek), Dubai yesterday with the participation of some of India's leading financial service providers, real estate developers, home financiers and insurance companies.

By A Staff Reporter

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Published: Sat 18 Dec 2004, 11:05 AM

Last updated: Thu 2 Apr 2015, 11:48 AM

State Bank of India, SBI Life Insurance, SBI Mutual Fund and Gogia Capital, Delhi, are the main patrons of the show, which focuses on the financial services sector and the real estate in India. Other participants at the show include Dhanalakshmi Bank, ICICI Bank, Rohan builders, DSK Developers, SPL Silver Spring, Puravankara Projects and Nyati Group.

The show according to Mediascope Publicitas, the organisers has been held on the eve of winter holidays, to facilitate the thousands of Gulf NRIs visiting India to make appropriate investments. The show will remain open on Saturday and Sunday from 4 pm to 10 pm.

Unlike a traditional exhibition, this is a bouquet event, with a select number of high quality participants. “Most Gulf NRIs finalise their investment decisions when they visit India during holidays. This show is a platform for NRI investors to interact personally with exhibitors to make the right investent decisions,” said H. Srinivas, senior vice-president, sales and marketing, Mediascope Publicitas.

The participants at the show represent leading players from the banking, insurance, mutual fund, and securities business, besides property developers from the major Indian cities, including Mumbai, Bangalore, Delhi, and Pune. In the real estate segment there are three leading Pune based property developers offering a wide range of residential and commercial properties in Pune. D.S. Kulkarnai Developers from Pune has projects both in Pune and Mumbai. “We have a number of projects with properties to suit all classes of investors ranging from affordable low budget housing units to premium penthouses, villas and commercial properties in Pune and Mumbai,” said Sunil Domale, associate vice president, Finance and Accounts, DSK Developers.

The other Pune based developers exhibiting the show are Rohan Builders and Nyati Group. Nyati has a decade long experience in Pune's real estate sector. “Pune is fast emerging a satellite metro of Mumbai with a number of Mumbai-based people preferring live and work in Pune. During the past two years the real estate sector has witnessed significant growth,” said Atul Joshi.

The singnificant growth in the software and IT businesses around Pune has also led to 10 to 15 per cent annual appreciation in Pune's property market.

Delhi based Essel Housing has a number of premium projects in Gurgaon and Delhi. Some of their Gurgaon residential projects match the international lifestyle properties.

“There is big demand for premium property in Gurgaon mainly from Delhi based corporates and multinationals. With the arrival of several IT companies, there is growing demand for high quality residential units,” said Sanjay Jain, General Manager, Essel Housing Projects.

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