dewakar

The Confederation of Real Estate Developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) today announced that the 'India Property 2007' exhibition will be held from June 14-16 at the Renaissance Dubai Hotel in Dubai and from July 20-22 at the Olympia Conference Centre in London.

The real estate mela will aim at attracting foreign investments from NRIs and potential investors to the opportunities ranging from residential housings, commercial buildings or plots and bungalows, from the booming Indian real estate industry.

''Indian Real Estate has emerged as a global destination for world's top construction companies, architectural firms and allied industries seeing the huge growth potential that it offers,'' said CREDAI President Rajni S Ajmera.

MHI International Exhibitions Chairman Nainesh Shah said ''Indians settled abroad are one of the most influential and prosperous communities in the global economic development and we are glad to provide them an opportunity to be part of incredible India.'' The Confederation of Real Estate Developers Association of India (CREDAI) is the apex body representing associations of real estate and housing developers from all over India. Its purpose is to promote housing and real estate developments in an organized and cohesive manner and provide a liaison with government.

dewakar

The 4th India Property 2007 – London, India’s only official Property show, being organized by The Confederation of Real Estate Developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) will be held at Olympia Conference Centre, Hammersmith Road, London from July 20 – 22, 2007.

This exhibition is supported by the Ministry of Urban Development, Government of India, and co-sponsored by LIC Housing Finance.

India Property 2007 London aims at attracting foreign investments from NRIs and other investors to explore vast opportunities available in the Indian real estate industry. Leading developers from India will be participating, showcasing residential and commercial properties, plots and bungalows from Mumbai, Pune, Goa, Bangalore, Delhi, Kolkata, Chennai, Noida, Gurgaon among other places.

Indians constitute the largest foreign-born inhabitants in London. One third of people living in London are born outside the UK and Indians are the largest ethnic group among this overseas population.

London is the financial hub of Europe and one of the three ‘command centers’ for the global economy. Its geographical location coupled with multi-cultural infrastructure, low taxes particularly for foreigners, business friendly environment, excellent air connectivity with a good mix of South African Indian, Gujarati businessmen and large population of Punjabis, has been the deciding factor in making it the perfect venue for this property exhibition. Also, its location would give greater accessibility to Indians living in other parts of Europe to visit this exhibition as well.

Said Mr. Rajni S. Ajmera, President, CREDAI, “With the boom in the economy, Indian Real Estate has emerged as a Global destination for world’s top construction companies, architectural firms & allied industries seeing the huge growth potential that it offers. In line with the growing interest in Indian Realty, our shows facilitate an interaction between the NRIs, realty investors & developers, all under one roof, wherein they get to know firsthand the types of properties available, loan options & other formalities required, in finally procuring their property back home.”

“Indians living in London are well placed in British society, who are in the top level income group, having a high disposable income. With the current boom in the Indian realty, this seems an ideal time for them to invest in property back home, which would give them excellent returns at the same time giving a boost to the Indian economy”, added Mr. Mohan Deshmukh, President, MCHI.

Sharing his views on India Property 2007 London, Mr. Nainesh Shah, Chairman, International Exhibitions, MCHI, said, “We have seen Non Resident Indians from London making huge investments with many of our members in the past through our exhibitions, and this has encouraged all our members to sustain their marketing efforts in this market. We are happy that the investments have become very constant and we hope to offer more in this exhibition.”

According to Mr. J.S. Augustine Co-Chairman, International Exhibitions, MCHI said, “CREDAI & MCHI’s India Property 2007 is official being held for the 4th time in London this year. The interest levels amongst NRIs have increased many-fold in the last three years. NRIs have benefited immensely through our exhibitions which are the only official Property exhibitions held worldwide & have bought peace of mind by making the right choice in purchasing properties from our shows. We are proud that we have played a key role in facilitating such a process for the NRI community at large & we strive for bettering this year.”

vishaji

In the coming future all the India will be very costly with effect through the Real estate level because everywhere all the foreign investors are showing their interest to buy the land or house in India frequently.

roshandark

It does look like foreign investors are taking interest in india for buying the property or land so that can be possible for india to have a costly amount in the future for land and property.

Kimmig

It would surely be fun to see what sort of jokers they manage to swindle at this event .. The average desi abroad is a far cry from those they show in movies here .. Add that to the fact that *houses* in London are cheaper today than "flats" in Mumbai for equivalent area and size will surely make an interesting discussion at the event .. would love to be a fly on the wall .. stupid builder lobby