Dh14b worth of properties on display at India show

Sultan Butti bin Mejrin, Sunil Jaiswal and other dignitaries at the opening of the Indian Property Show in Dubai on Thursday. - KT photo by Shihab

The Indian Property Show, displaying 40,000 properties worth Dh14 billion, opened on Thursday at the Dubai World Trade Centre.

The 13th edition of the show was officially inaugurated by Sultan Butti bin Mejrin, Director General of Land Department, in the presence of CEO of Sumansa Exhibitions Sunil Jaiswal, other senior officials, developers from India and the NRI community.

The exhibition, showcasing a wide range of apartments, villas, row houses and commercial plots with prices ranging from Rs1 million to Rs230 million, is poised to register big number of transactions and queries from prospective buyers.

The three-day show is expected to draw 17,000 visitors and generate business worth Rs7 billion. The show is open to visitors between 11am to 8:00pm every day with free entry and provision for free valet parking.

This year’s show offers a spate of attractive prizes for visitors. One lucky winner stands a chance of winning a two bed room independent residential house of 1500 sqft area in Chennai developed by Propshell Property in India by simply visiting the show, organisers said.

Show’s “Property Dhamaka” feature is offering exclusive deals and discounts for on-the spot bookings. Also on offer are attractive EMI and down payment options, free stamp duty and registration. Other offers from some of the developers include 25-gramme gold coins for the first 11 customers by Soundlines Realty, return air Tickets to first 25 customers to visit the property by DHM Estates, 500,000 worth lifetime club membership by Nambiar Builders.

“We have seen tremendous growth and there is still a lot of untapped potential. Looking at the amount of registration and enquiries, I am confident we will witness business generation worth Rs7 billion through the show, said Sunil Jaiswal, CEO of Sumansa Exhibitions, the organisers of the show.

“In the current scenario, the Indian property market is definitely not geared up for property ‘flipping’ within short investment periods. Mid-to-long term investment options with 4-5 years window would be ideal. Such an investment horizon is a safe hedge against risk related to market variations, and ensures that the property gains healthy appreciation regardless of market dynamics,” said Jaiswal.

The exhibitors at the show include leading real estate developers, construction companies, banks and real estate agents.

This year’s show features four regional pavilions alongside a special CREDAI Maharashtra section.

“We aim to exceed Rs1 billion worth of business at the show,” said Santosh Tandel, Regional Head – Mena Region, Indiabulls.

“India is an end-user driven market and hence the demand from first time buyers and end users has been consistent. Genuine buyers view this as an ideal phase to enter the market on account of stable capital values,” said Bhawna Dhawan, Deputy General Manager, Sales & Marketing, Brahma City Pvt Ltd.

The exhibition, specially designed to meet the needs of NRIs in the Middle East, features the latest projects in India and diverse offerings from India’s finest developers. With over 140 developers, there are properties to suit every budget from across India, organisers said.

— issacjohn@khaleejtimes.com