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NRI interest in buying realty back home rising

Waheed Abbas/Dubai
Filed on October 28, 2018 | Last updated on October 28, 2018 at 05.44 am
NRI interest in buying realty back home rising

(Photo by Dhes Handumon)

As the prices have gone up in India, people are budgeted now.

India Real Estate Show 2018, organised by Khaleej Times and Indiabulls Home Loans, ended on a high note on Saturday, witnessing strong footfall and interest from non-resident Indian buyers across the UAE during the two-day exhibition.

"In terms of footfall and quality of crowd, most of the visitors were end-users and serious buyers looking for investments. On average, our marketing people were spending around 15-20 minutes with each customer that means customers are not just coming in and walking off but in fact are serious buyers," said Vinay Kumar, head of international marketing at Sobha.

"We had good serious buyers and we would nurture those leads over the period of time," Kumar said, adding that since the response for the first edition is very positive, the company would participate in the next year's edition as well.

"Even in the first year the organisers have managed to pull out very good numbers of crowds and expectation is going to go up next year; we are expecting a better event and turnout next year," he added.

India Real Estate Show 2018 was held at the Crowne Plaza. Vipul, Consul-General of India, inaugurated the exhibition along with senior executives of Khaleej Times and Indiabulls Home Loans.

Tarendra Singh, deputy general manager for international sales at Godrej Properties, said there were a good number of guests who visited the stall during the exhibition. "We are quite happy with the response as we saw significant walk-ins on both days. The best part is that the clients who visited us were good potential clients who were interested in projects across cities such as Mumbai, Pune and Bangalore," Singh said.

Mohammed Akbar Baig, relationship manager at Puravankara, said they saw a good response in terms of walk-in customers.

"We have seen a very good response. This is the best event in terms of walk-ins as we witnessed 50-plus registration for walk-ins at our stall on the first day. They were genuine customers. Out of those 50-plus walk-ins, I can confidently say that 15 were strong prospects who confirmed to visit the visit in coming days," Baig said.

Sanjay Mehrotra, national head for sales and marketing at, L&T Realty, said this show was organised much better than most of the shows that he had seen.

"The message should go out is that this is mother of all shows. As the prices have gone up in India, people are budgeted now. People coming for Mumbai properties are on average buying between Rs10 million to Rs15 million and it goes up to Rs30 million," Mehrotra said while disclosing the trend of buyers.

- waheedabbas@khaleejtimes.com


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