October 19, 2007

India Real Estate Expo

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Real estate developers from India will come together this weekend with Citibank offering options for home loans from October 18th to 20th. The event will provide an opportunity for Non Resident Indians (NRIs) in the UAE to check out a variety of home options in 15 cities across India .

Top rated developers like DLF Ltd, Hiranandani Developers, Unitech Ltd, Emaar MGF, Sobha Developers, SMR Constructions, Vipul Ltd, Aparna Group and Presidium are participating in this event. These developers have residential, commercial and retail projects planned or under execution across various towns and cities in India. A wide range of property options ranging from Rs3 million (approx Dh30,000) to Rs10 million (approx Dh10 million) is on offer.

India has a housing shortfall of 26 million units with the bulk of demand coming mostly from non-resident Indians, making it a rich property market for developers to tap. The Indian property market has been increasing at between 30-35 per cent per annum, and will continue to see huge demand in the coming years.

“The markets are very buoyant, and developers have been providing internationally-accepted standards in the property industry,” said Mumbai-based Ashish Mehrotra, business head and vice-president for mortgages at Citibank India.

The three-day event targets NRIs in Dubai and the whole UAE for properties being offered by 12 large developers covering India’s 18 major cities.

Some of the developers participating in IndiaHome are Emaar MGF, DLF Ltd, Hiranandani Developers, SMR Constructions, Unitech Ltd, Sobha Developers, Aparna Group, Presidium and Vipul Ltd.

Indiahome Property Exhibition
This is the official website.

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