Indian Property Mela 2015 showcasing some of India’s prestigious properties was inaugurated by Indian Ambassador to Kuwait H.E. Sunil Jain at the Crowne Plaza Hotel on Friday, 29 May in the presence of special invitees and organisers of the event. The two-day property exhibition is being organised by Aashiaana in association with Lodha and Response Events and Exhibitions.
Lighting the lamp to mark the inauguration were Ambassador Jain, Dr. Vinod Grover, E.D. Titus, and Reaven D’Souza. The Property Mela provides an ideal opportunity for NRIs looking for investment in real estate in India as they would have access to first-hand information on upcoming and current real estate projects across India.
Exhibitors showcased some of the latest and most prestigious projects in India’s big cities indicating that real estate developers are gearing for a big boom in the sector in the near future.
Commenting on the exhibition Mohammed Sheece from Aashiaana said, "the exhibition was aimed to provide NRI’s in Kuwait with some special deals and offers from some of the most prestigious and unique projects in India. Kuwaiti NRI’s are increasingly looking for high quality housing from reputed builders and developers and that is exactly what we aim to provide."
As a special incentive the organisers are offering all those visiting the exhibition on both days a chance to win a free ticket to India and a draw will be held for the lucky winner.
Indian property markets continues to edge further into recovery, offering some very lucrative deals for investors and buyers who could take advantage of the special deals on offer at the exhibition.
The Indian market has begun to react positively with the new proactive approach and business confidence has already started picking up. The real estate prices in general are on the upswing in all markets across sectors and 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
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 tilted 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.
Big names in the industry participating are Lodha Group,Sunteck Realty Ltd., Kanakia Spaces Pvt. Ltd. KoltePatil Developers Ltd., Godrej Properties, Hubtown, Kalpa-Taru, Supreme Landmarks, Supertech, Propshell, ModiSpaces and Arabian Legend Realtors Pvt. Ltd.