Aashiaana in association with Lodha presents Property Mela 2015 which will be held on 29th and 30th May at the Crowne Plaza Hotel, Farwaniya, Kuwait from 10.00am to 8.00pm. The two-day Property Mela co-sponsored by Sunteck Realty Ltd., Kanakia Spaces Pvt. Ltd. is an ideal opportunity for NRIs looking for investment in real estate India as they would have access to first-hand information on upcoming and current real estate projects across India.
Overall property markets continue to edge further into recovery. The Indian market is vigilantly enthusiastic with the new government proactive approach and business confidence has already started picking up. Capital values are expected to remain stable in most of the market in short to medium term due to ample stock availability in both primary and secondary markets.
The real estate prices in general are on the upswing in all markets across sectors since last two years and moreover the trend of owning exclusive properties like beach houses, homes in the hills, near religious centers etc is growing fast. Returns from real estate investments in India have consistently performed well and even outperformed the other investment options. Easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures has emerged as the best of all the available prospects for those NRIs looking forward to eventually returning to India.
There are several factors that can be considered as key drivers for the sector in 2015, such as easing pressure of downside risks for rupee and current account deficit, improving export. In commercial real estate, REITs will remain the hottest topic.
The mismatch between demand and supply has for long been a significant factor contributing to price movements in the realty market. While homebuyers will be best-served to buy at a time when the demand-supply position is skewed towards supply that is when prices are attractive - there are other factors today that homebuyers need to consider too.
Relaxation of FDI rules by the government has brought about capital gains in every sector of Indian economy. The government is making efforts to further liberalize the guidelines and norms for investment through FDI, making them more NRI friendly. The policies set out by the government regarding property investment and repatriation, has also made opportunities of investments in India even more favorable. Under the present relaxed conditions, Non-resident Indians (NRI) and persons of Indian origin (PIO) can invest in property in India.
At this point in time, with no supply constraints, the prices are good. Investments in Indian real estate across the sectors are proving highly lucrative. There are indications of an uptrend with the city's commercial development set to gather pace. The emerging locations around the city are acquiring strong physical and social infrastructure, and the commercial development is set to fuel growth in the residential property market. Special exhibition and festival offers are being extended by majority of the participants for NRIs in Kuwait booking their property during the exhibition. Seize this opportunity to make a good investment.
Other big names in the industry participating are Kolte Patil Developers Ltd., Godrej Properties, Hubtown, Kalpa-Taru, Supreme Landmarks, Supertech, Propshell, ModiSpaces and Arabian Legend Realtors Pvt. Ltd. The event is organized in association with Response Events and Exhibitions.