RealEstateOnline.in

This was the 9th edition of the Indian Property Show. I, Nikita Soni have had the opportunity to be working with Indogulf Properties for the second time. The last exhibition held in The World Trade Centre during June2011 was a huge success. The event was attended by over 15000 prospective buyers’ showcased products from 70 leading developers and around 300 projects worth $5billion. Properties from all metro cities of India were featured and the show did attract a substantial amount of attention from most of the NRIs of Dubai. The expatriates of India realise that no matter how home-like Dubai seems, it does not eliminate their need to secure a holiday home for themselves in their hometown. For real estate prices, the sky’s the limit. So not only do they purchase it for their personal use but also for investment purposes. For non-resident Indians, who are enjoying a windfall from the weakness of the rupee against UAE currency, the show offers an ideal investment opportunity.

Indogulf Properties have tie-ups with different developers throughout India and one of them being the Rizvi Developers. They have a project in Santa Cruz, Mumbai called...they have proposed a very unique concept that would interest the NRIs the most. They offer to lease out flats on behalf of the owners for a minimum period of five years with an increment of 5% each year. What this ensures is a fixed rental income each year starting from the day of handover. This, with a few other projects from other developers from Mumbai, Kodaikanal, Goa, Delhi and Kullu Manali made this exhibition a huge success.

Such events result in the appropriate amount of exposure developers want and it also gives the expatriates an idea as to the rate of development in their home country. Holiday homes, retirement homes, investments in property have gained popularity over the years. Big cities such as Delhi and Mumbai are still offering good returns but smaller, satellite cities such as Pune, Gurgaon and Noida have emerged as key destinations for investment. Small towns are being targeted currently for new development because the main cities have nearly run out of spare space to build new property. This is where the Omkar Developers, who have been in the business since 2005 step in, they are into slum re-development. They not only build property within the city but also enhance the city’s progress by doing away with the slums and allotting slum dwellers alternative facilitation. They also have the first mover’s advantage and are able to sell their property at much lower rate than its competitors. This is why they sell a major portion of their property within a few hours of its pre-launch!

The real estate has become a side business for many artists, businessmen and even the common man. Famous film star Lucky Ali along with his partner and architect Asif Iqbal were present during the event and were showcasing their new real estate project “Holistic Republic”.

This article is sponsored by "Nikita Soni"

Company: Geometrics Realestate, Dubai

Contact Number: +9197502157686

Email: nikita@geometrics-re.com

Bloggers:

Comments: Share your valuable comments with us (No Registration Required)

Facebook: Connect with us on Facebook

Twitter: Connect with us on Twitter