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Exhibitors expect high sales.

Summary: DUBAI -- Exhibitors expect high sales from IndiaHome Property Exhibition, which concluded on Sunday, on the basis of queries generated during the three-day event.

DUBAI -- Exhibitors expect high sales from IndiaHome Property Exhibition, which concluded on Sunday, on the basis of queries generated during the three-day event.

As NRI families flocked to the exhibition to check out the properties available across India, with the organisers attributing the increased footfall to the return of investor confidence in the market.

"IndiaHome Property Exhibition is a value add that Citibank brings to its large NRI customer base in the UAE. The exhibition is yet another platform where we put to service our two decades of mortgages experience in India to make the Dubai NRI's home-buying process convenient and seamless," Sanjoy Sen, Consumer Bank Head for the Middle East & North Africa Region, commented on the event.

Several well-known builders from across India showcased their ready and under construction projects with price range of Rs4 million to Rs100 million the exhibition appealed to a broad audience, right from the mid income group to the top end segment.

Harmit Chawla-Vice President --Sales & Marketing , Paras Buildtech India, showcasing their properties in Gurgoan & Delhi said: "People are aware of the fact that it is the most opportune time to invest, as the real estate sector in India is on a rebound and poised to enter the phase where the prices are going to rise. The prices are still low but the growth triggers have already set-in. The growth is being catalysed by the leading cities of India like Delhi, Bombay and Bangalore. NCR Delhi is a prime investment location in India and our properties offer a global lifestyle that most of the most NRI's are used to."

Sarukaushal, Business Manager Mortgages, Citibank India said: "The IndiaHome Property Exhibition is a global initiative organised by the Citibank in major cities of the world. A much appreciated Citibank platform, the India Home Property Exhibition makes property purchase a much easier process for NRI's across the world as it gets the best of developers to showcase their properties and conduct in-person discussions. The NRI's get to see the best the market has to offer, compare the rates and make informed and safe investments."

Prashant Mirkar, General Manager Marketing-Hiranandani Upscale said: "We have received a very good response from the exhibition despite the fact that not many people know about Hiranandani brand's presence in Bangalore and Chennai." "We have generated serious queries and are confident of converting them into sales. The UAE is an important region for us as 30 per cent of our overall sales are generated by the NRI's based here. Superior construction quality standards, top-of-the-line amenities, unparallel lifestyle features attract NRI's to our brand. The Hiranandani brand automatically fetches you a greater appreciation than the average market," Mirkar said.

Commenting on NRI investment trends exhibition Vinod Kulkarni, manager-sales, Brigade Group, one of the leading developer in Bangalore said: "Bangalore is one of the favourite investment destinations in India for the UAE based NRI's. Being the IT hub of India the appreciation and the rental yield is quite high."

""NRI's from the UAE are interesting in investing in well known investors to safeguard their investments. Also, since liquidity is not a major issue, most of the NRI's look at properties that are part of communities, offering top-end infrastructure, amenities and lifestyle features. Many NRI's who visited us during the exhibition were interested in facilities management and leasing options to generate rentals with legal documentation taken care of."

Organised in partnership with Media Agency Middle East, the Exhibition's one-stop-shop format showcased a wide array of residential real estate opportunities available in India to the large diaspora in Dubai. Prominent builders are Brigade Developers, The 3C Company, DLF Southern Homes, Emaar MGF, Fairyland Foundations, Hiranandani Upscale, Hiranandani Constructions, IREO, Lodha Developers, Paras Buildtech, Puravankara Projects, and Sobha Developers.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Geographic Code:9INDI
Date:Jan 23, 2011
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