India Property Fest showcases top-notch developers

Top Stories

India Property Fest showcases top-notch developers

Abu Dhabi - The India Property Fest gives the opportunity to meet top builders from India.

By Staff Report

  • Follow us on
  • google-news
  • whatsapp
  • telegram

Published: Fri 23 Oct 2015, 12:00 AM

Last updated: Fri 23 Oct 2015, 10:17 AM

Adsync Advertising is launching the fifth edition of its two-day flagship property exhibition, the India Property Fest (IPF) today at Emirates Palace in Abu Dhabi.
The India Property Fest gives the opportunity to meet top builders from India, who will showcase a wide spectrum of properties designed to suit all budgets to the Indian community in UAE. It's the ideal forum for NRIs residing in UAE to come face to face with the developers and get solutions to all their real estate queries. Visitors can look forward to some exciting deals from developers of Mumbai, Pune, Delhi, Bengaluru, Gurgaon, Noida, Ahmedabad, Chennai, Coimbatore, Kochi, Mangalore and Hyderabad, who will all be present to showcase attractive investment opportunities, while banks and remittance services will also be present to assist with NRI banking needs.
The time to invest in India is now, says Pradeep Pinto, the organiser of India Property Fest and the CEO-Middle East of Adsync Advertising. The declining Indian rupee, dips in borrowing costs, and affordable housing projects are all encouraging prospective buyers to purchase new properties. There is also an indication that a rising number of consumers would be keen to invest in residential properties. Today, the Indian realty market is once again a prime focus area for NRI investors.
The decline in value of the Indian rupee over the last few months has triggered NRIs to buy property in India. NRIs can take advantage of the exchange rate and increase their purchasing power which enables them to invest in a property (except agricultural property) in India. This is the right time for NRIs to buy property in India, as prices of the Indian property market value have stabilised and the rupee is weak which gives more power to the UAE dirham.
In addition to this, NRIs can also avail hassle free home loans for acquisition of property in India and leverage the benefits just like any regular resident Indian. NRIs can avail loans up to the extent of 80 per cent. Banks have become more flexible with loans in turn adding to the growth of real estate industry. The recent steps taken by lending agencies to curtail lending rates taking a cue from RBI's interest rate outlook would go a long way in convincing consumers to start opening their purse strings and help generate demand for new homes.
The slash in the interest rate regulation implemented by RBI has made way for cheaper home loans which has benefited the common man at large. Consumers can take maximum advantage of this as home loans will now get cheaper and more affordable.
The cities of Mumbai, Bengaluru and the National Capital Region are the major hot spot destinations for real estate investments and are expected to yield returns between nine to 19 per cent on real estate investments over the next five years.
When it comes to long-term property investment, there is no reason to look only at the metros. Tier II cities such as Lucknow, Ahmedabad also yield good returns and will grow exponentially in times to come.
- business@khaleejtimes.com

Pradeep Pinto, CEO Middle East of Adsync Advertising
Pradeep Pinto, CEO Middle East of Adsync Advertising


More news from