KT, Indiabulls put Indian realty in the spotlight
Two-day India Real Estate Show 2018 will have on display a line-up of over 150 properties by more than 50 leading developers.
The India Real Estate Show 2018 opening today in Dubai is expected to draw droves of upbeat non-resident Indian investors and buyers who are keen to be part of the new growth cycle in India's real estate sector.
Property consultants believe that with higher purchasing power as a result of the Indian rupee plunge, it is an ideal time for NRIs to invest even as the real estate sector gets into an inflection point.
The two-day India Real Estate Show 2018 at the Crowne Plaza on Sheikh Zayed Road, Dubai, will have on display a line-up of over 150 properties by more than 50 leading developers.
The show will also feature realty consultants and financial institutions to facilitate attractive payment plans and instant home loan approvals at zero per cent processing fee.
Adding glamour and fanfare to the show, which has been organised by Khaleej Times and Indiabulls Home Loans, will be the presence of popular South Indian film star Nivin Pauly.
An array of instant cash prizes, pre-launch offers and raffle draws will be added attractions for visitors, organisers said.
"The show has a range of options to suit every budget with properties starting from 1,800,000 rupees. The show offers free entry," they said.
Analysts argue that the time is ripe for investors to seriously look at Indian realty as the environment is changing and the sector is back in the spotlight with key indicators pointing at its revival.
"Key regulatory reforms such as RERA and REITs have given a new lease to the sector, and investors and end users are regaining confidence in the recovery trends in the industry. Logistics and warehousing and commercial and retail are witnessing surge in demand and absorption. Overall trends are moving in the right direction for the Indian real estate sector," says Sanjay Dutt, Chairman FICCI Real Estate Committee.
Ramesh Nair, CEO & Country Head, JLL India, said in a recent report that the evolutionary trends in the sector were paving the way towards sustainable growth of the industry. "H1 2018 has seen phenomenal growth in Grade A office space from both, the demand and supply side. Private equity interest in Indian retail realty is at an all-time high with the sector witnessing an investment of 9.5 billion rupees in 2018. With regulatory reforms such as RERA and GST showing results, the sector is poised to grow exponentially. Student housing, a new emerging sector presents a tremendous opportunity for the market," Nair said in the joint report with FICCI.
Anuj Puri, Chairman - Anarock Property Consultants, said the year 2018 brought with it a new ray of hope for the residential sector, with both sales and new supply gradually picking up across the top seven Indian cities - Bengaluru, National Capital Region, Mumbai Metropolitan Region, Chennai, Kolkata, Pune and Hyderabad. "As per data, the new launch supply across the top seven cities in first three quarters of 2018 stood at nearly 139,700 units approximately, increasing by nearly 18 per cent against the corresponding period in 2017.
Housing sales have also witnessed a jump of nearly eight per cent in the first three quarters of 2018 as against the same period in 2017. While we are still far away from historic peak levels, the positive impact of reformatory changes like RERA and GST has been making itself felt."
"At the end of the day, real estate has always been a preferred asset class for investors in the country. Like end-user demand, investor sentiment has not evaporated but is waiting in the wings for the market to become more conducive again," said Puri.
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