Dubai to host Indian property show

A three day exhibition has been scheduled from 21^st June to 23^rd June in which Indian real estate developers are expecting to generate business worth $54 million. After a sharp slide of rupee against US dollar and dirham, higher investments from expatriates is being expected by the realty developers. This is the tenth edition of the show and over 300 projects will be displayed by 70 developers from all across India. It is estimated that more than 15,000 buyers will be participating in this big event. Property ranging from Rs 8 lakhs to Rs 9 crore will be featured in Indian property show. It is expected that the homes displayed in the property show will be affordable and will feature on the outskirts of tier-1 cities. 

Due to additional burden of excise duty and service tax, the prices of property in the metro cities are likely to go higher. It is also estimated that home loans will be cheaper with the reduction in the interest rates. The NRIs will keep up the momentum of Indian property. Honey Katiyal of Investors Clinic, one of the sponsors and prime exhibitors of the show stated that to establish its presence in UAE this Indian Property Show will act as a spring board for the company. He said that the company has witnessed an increase of 20 per cent in demand for Indian real estate in just six months.