IRES gets strong investor interest

The event organised by GIC Consultants and Classico Events was attended by over 500 real estate investors.

By (Staff Report)

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Published: Fri 22 May 2015, 11:15 PM

Last updated: Fri 26 Jun 2015, 12:24 AM

Abu Dhabi — Indian Real Estate Show 2015 got an enthusiastic response from the Indian Diaspora, who showed interest in the realty products.

The event organised by GIC Consultants and Classico Events was attended by over 500 real estate investors, who showed interest in various projects exhibited and enquired about various properties across India.

According to an organiser, India is definitely on a high growth trajectory fuelled by the infrastructure and real estate sector and according to estimates India’s infrastructure investments will have increased massively by 2020, significantly enhancing its attractiveness for investment.

The implications of such growth potential on the Indian real estate industry are fairly obvious. There is, beyond any doubt, a staggering opportunity in the Indian property sector over the next decade, he said. The writing is on the wall even now  — consider the fact that the value of investment-grade real estate under construction in the country crossed $100 billion at the end of June 2010. Only China can compare with India on this count.

Rajiv Shah, CEO at GIC Consultants, said: “Indian real estate is a long term growth story. Though investors are going through a cautious phase, nevertheless Indian real estate developers are ensuring that product innovations do not die down. Right from thematic projects to payment flexibilities, developers are leaving no stone unturned to captivate the audience.”

 Gaurav Bansal, Director Real Estate, GIC Consultants said, NRIs in Abu Dhabi have always been active in real estate buying back home.

haseeb@khaleejtimes.com



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