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8th Edition of Indian Property Show Starts in Dubai

by Paul Joseph June 17, 2011 Uncategorized

The Indian Property Show opened at Dubai World Trade Center, Hall No.4. The 8th edition of the show was officially inaugurated by Chief Guest, H.E Shri K. Sankaranarayanan, Governor of Maharashtra, India along with Mr. Sunil Jaiswal, CEO Sumansa Exhibitions, organisers of Indian Property Show in the presence of key Indian real estate developers, senior officials from Sumansa Exhibitions, media and huge crowd of buyers. The three-day event, organised by Sumansa Exhibitions, brings together over 50 real estate developers from all over India and also pools lateral sector and auxiliary services such as home finance providers, lawyers, and Vastu consultants to provide a unified real estate networking platform for investment in residential and commercial property in India. Speaking at the occasion, H.E Shri K. Sankaranarayanan, Governor of Maharashtra, India, said, “The real estate market in India in general and Maharashtra in particular has seen tremendous growth despite the recession that has affected most nations of the world. My countrymen have benefited greatly from the booming economy and its impact both on commercial as well as residential property market. I invite all Indians from United Arab Emirates and other GCC nations to visit the Indian Property Show and see for themselves what the developers from India have on offer and to experience first hand, the strides made by this industry in the past year. I congratulate Sumansa Exhibitions on bringing the Indian Property Show to UAE once again, and extend my best wishes to them for the success of the event.” Mr. Sunil Jaiswal, CEO, Sumansa Exhibitions-Organisers of Indian Property Show said, “Our endeavour and core strength has been to create a convenient interface between millions of NRI’s in UAE and Developers in India. We aim at helping the NRI’s here to make the property purchase process seamless there by enabling them to nurture the earnest desire to own a property back home. In past couple of years the real estate sector in India has witnessed lot of changes and hence we want to provide a platform that addresses two factors that inhibit an NRI from taking a decision: accurate information and direct access to real estate developers from India.” Indian Property Show is set to showcase property worth $2322m to approx. 17000 visitors, and expect to generate $58m worth of business, making it the largest and most diverse event in its class. This year’s showcases range from affordable homes, ready apartments, luxury villas, holiday homes and eco friendly projects displayed by Unitech Ltd, Vatika Group, Godrej Properties, Hiranandani, Ansal Housing, India Bulls, Jaypee Greens, Lokhandwala, Ireo, Arihant Superstructure etc. Indian Property Show will also feature a series of free seminars; Pt Gopal Sharma will impart knowledge on Role of Vaastu in choosing properties, its implications etc, where as Industry experts will talk about real estate hotspots in Tier 2 & Tier 3 locations such as Gurgaon, Noida, Pune, Navi Mumbai, Chennai etc. The seminars will also further talk about the reasons to invest in these locations. International property guru & CEO Sumansa Exhibitions, Mr. Sunil Jaiswal will be taking charge of investment strategy, important aspects of investing etc. Adding further, Sunil Jaiswal, CEO Sumansa Exhibitions-Organisers of Indian Property Show said, “After testifying success in UAE market for so long, we have now taken the Indian Property Show to the huge Indian diaspora in other countries such as Singapore, Qatar, United Kingdom, & South Africa. Our show in Durban this March was a huge success and after Dubai we are looking forward to emulate similar success in London market in June end, Singapore in August, Doha in October and back in Dubai in December.” Amongst the high caliber exhibitors is the 3 C Company who are participating to showcase the eco friendly constructions. “As an environmentally responsible corporate, our vision is to provide opportunities for a healthy living & create a greener planet. Each project of ours is developed from the cornerstone of fostering economical but ecologically sustainable growth. Today we are proud to be heading the ‘Green Revolution’ by having already delivered, more than 13 million square feet of niche developments. We are confident that buyers are looking at such options and we are here to showcase the same to them.” said Brijesh Banote, Director- Sales & Marketing, The 3C Company. Mr. Ajay Sachdewa, HDFC, Dubai commented, “HDFC is how 3.8 million families spell the word Home Ome. Equipped with state-of-the-art information systems and well trained staff, HDFC has been able to respond swiftly to ever-changing customer needs, and has built up capabilities to approve loans within 48 hours. Aspects such as advanced capabilities in the area of processing loan applications, a committed, specialist team of trained and talented staff, technical guidance in respect of documentation, liaison with property developers etc., reflect HDFC’s efforts to serve its growing clientele. HDFC is looking forward for these 3 days of exhibition.” With surging interest by NRI’s in property purchasing, favorable Government policies, and scorching competition amongst developers to tap the buyer, it is indisputable that Indian Property Show has become a magnifying glass for observing trends of Indian real estate sector and a perfect guide for making property purchase decisions.

Tagged as: chandigarh, countries, dubai, government, governor, gurgaon, indian, indian-property, qatar, real estate, recession, sunil-jaiswal, uae

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250 Indian Projects to feature at Dubai Expo

by Paul Joseph June 6, 2011 Uncategorized

Dubai: More than 250 projects worth $2200 million will feature at an upcoming Indian real estate show in Dubai. The eighth edition of the Indian Property show is scheduled from June 16 to 18 at Dubai World Trade Centre. Organised by Sumansa Exhibitions, the show is expected to generate business worth $58 million, a statement said. Seventy per cent of the projects at the exhibition are residential while 30 per cent offer commercial and retail space, it added. Visitors will be able to look at a spectrum of properties available, different investment options, financing sources, Vaastu consultations and sorting out legal queries. “The Indian property show connects buyers and developers at an opportune time, with the Rupee slated to be strong against the dollar and demand for property at a high, we will again witness rise in property prices in India in near future and hence this is a right time for the investors to buy the property,” said Sunil Jaiswal, CEO Sumansa Exhibitions. “Also those keen to expand their financial portfolios with real estate as a hedge against rising inflation and those looking to maximize their ROI should definitely visit Indian Property Show.” “Buoyant with the response we received last time, we decided of making this show biannual this year. Investors, buyers and Developers all have encouraged us to hold the show again after 6 months. The last show saw more than 17000 visitors; we expect a similar response this time as well,” he added. The exhibition also features property and investment seminars by property industry gurus, international fund managers, and legal advisers. This year the seminars aim to guide the buyers on the booming real estate markets within India along with the benefits of investing now. Anuj Malik, sales head, GCC for Unitech , one of the prime exhibitors at Indian Property Show, said: “ The global meltdown, unrest in few parts and job uncertainty may have also prompted the NRI’s in UAE to buy property in India. Catching up on these trends Indian realtors is going that extra mile to make homes that fulfill individual’s aspirations and are still affordable.” “We are participating in the upcoming Indian Property Show with aggressive pricing of INR17 lacs ($38,000) onwards and providing all options such as first time buy, second home, investment option, budget homes & holiday homes.” Ajay Sachdewa, regional head-Dubai & GCC, HDFC, a leading India-based bank, said: “Through this exhibition we plan to meet potential customers and we foresee a strong demand as Indian property market has revived very quickly as compared to other markets in the world.” “This is due to strong RBI policies, Government planning and healthy credit history. HDFC has made it easier for the Gulf based NRI’s to apply for a loan to HDFC – India.” “HDFC through its office in Dubai and all the GCC countries through Service Associates, now offers advisory services in real estate finance to the Middle East based Non-Resident Indians who wish to acquire homes in India. These offices will coordinate the entire loan process in India,” he added.

Tagged as: dubai, financial, government, india-catching, indian, markets, middle-east, real estate, real estate india, time, uae, year

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11% Drip in FDI Inflow

by Paul Joseph May 10, 2011 Uncategorized

Foreign direct investment in India refused for the third consecutive month in March, dropping by 11 per cent year-on-year to 1.07 billion Dollars in the backdrop of financial havoc in Europe. The country received 1.2 billion Dollars in FDI in the consistent period last year. During the financial year 2010—11, the inflows droped by 25 % to 19.43 billion Dollars, which makes it vital for the country to fine tune its policies to attract overseas investment , sources told. The FDI during 2009—10 had totalled 25.83 billion Dollars during 2009—10, which, too, was lower than 27.33 billion Dollars invested in the previous financial year. “The numbers are not enough, the govt. has to take more steps,” sources said. The Department of Industrial Policy and Promotion, the nodal agency on FDI policies, has initiated steps, including merging of all related rules and regulations into a single document. In January and February FDI drowned by 48 per cent (1.2 billion Dollars) and 30 per cent (1.04 billion Dollars), respectively, over the same period previous year. The sectors that attracted FDI include services, telecommunications, housing and real estate , construction activities and power. The major investors in India are US, UK, Singapore, Netherlands, Japan, Germany and UAE. Foreign institutional Investors have invested 3.6 billion Dollars since January 01 till May 5, 2011.

Tagged as: agency-on-fdi, country, dollars, financial, financial-havoc, india, japan, major-investors, makes-it-vital, over-the-same, property news, real estate, singapore, the-consistent, uae

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India Property Show to Target Capital Based NRIs

by Paul Joseph February 10, 2011 Uncategorized

Abu Dhabi is set to host a new India property show that will bring over 100 projects from across India for the Capital-based Non-Resident Indians (NRIs), according to its organiser — Future Exhibitions and Promotions (FEP). The inaugural ‘India Property 2011’ is scheduled to be held from February 11-12, 2011 in Abu Dhabi that will showcase affordable and hi-end luxury properties with competitive prices in the market starting from Rs1 million to Rs10 million. The two-day exhibition will provide a unique opportunity for NRIs to get first-hand information on the current Indian real estate scenario from the people directly involved in the industry on a day-to-day basis, discuss with the builders about their latest projects, facilities, amenities offered, prices and payment plans. “Dubai already has 4-5 regular Indian property shows, so we decided to select Abu Dhabi for our inaugural event,” Syed Asim, Managing Director, FEP, told Khaleej Times. It would be first India property show in Abu Dhabi after a long time and a very good response is expected from NRIs based in the Capital as they don’t need to travel all the way to Dubai for a property show, Asim said. For people looking to buy a home or invest in the lucrative Indian real-estate sector, the choice of properties on offer ranges from high-end luxury villas to best value properties. Some of the developers at the show include: Unitech, Hiranandani Upscale, Century Real Estate, Natwest Constructions and many more. “In addition to NRIs related with oil and gas companies in Abu Dhabi, we are targeting individuals, buyers of residential properties, real estate developers, builders, contractors and real estate agents, arthitects, interior designers, consultants, government officials and private companies looking for commercial properties and 
corporate houses. FEP plans to explore more Gulf markets for its property shows, he said, adding: “Last year we had a property show in Qatar and that was very successful and this year we are planning two shows in Saudi Arabia.” First show will be held in Riyadh in May, 2011 and then another in Jeddah in the same month, he said, adding: “We are also looking at Singapore for our property show that will focus on only south Indian NRIs.” “We are confident that the two-day exhibition will prove to be a tremendous opportunity for the NRIs interested in investing in the Indian real estate sector to meet the major builders and developers first hand, learn about what the indian real-estate sector has to offer and make informed decisions,” he said. Explaining his confidence in the Indian realty sector, he said, “Within the last decade the India property scenario has gone through positive changes triggered by the boom in the IT / ITES sector, changes in government policy and a robust Indian economy as a whole. With prices just about right and properties plentiful, now is an opportune time for NRIs in the UAE to invest back home.”

Tagged as: banking and finance, capital, india, indian, real estate, real estate developers, real estate india, uae

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Mumbai, Delhi property prices to fall 15-20% by year end

by Paul Joseph November 9, 2010 Uncategorized

Property prices in Mumbai and New Delhi are set to decline by almost 15 to 20 per cent in the next couple of months, according to an Indian real estate consultancy. “A correction is likely to happen in Mumbai and New Delhi property prices. We believe the fall could be in the range of 15 to 20 per cent in the next few months. However, property prices in the tier II and III cities have been stable and likely to increase over the years,” Santosh Naik, Managing Director, Disha Direct, told Emirates 24|7. Godrej Properties Managing Director Milind Korde was also quoted recently in the Indian media that realty prices in Mumbai and Delhi were overheated, but prices were recovering in cities such as Bangalore and Pune since the fall in October 2008. Disha Direct, which has taken a brokerage license in Dubai, will be selling “affordable” properties, ranging from Rs300,000 (Dh23,000) onwards, to the Non-Resident Indians (NRIs) based in the UAE. Following the opening of the Dubai branch, the company will be soon expanding its reach to New York. Prasan Thakkar, Business Head – UAE Operations, Disha Direct, told this website the company was looking to enter other Gulf Cooperation Council countries as well. Wikipedia website figures reveal the estimated population of Indians in the UAE as of 2009 to be close to two million, which constitutes 35 per cent of total UAE population. “There is a lot of potential in the Indian market . A lot of US- and Australia-based Indians buying properties back home. We now expect a number of Indians here to invest back home in real estate,” Naik added. Although there are lot of queries from Indians who are looking to invest in the Dubai realty market, most seek advice on whether the price floor has been reached or not in the emirate. “The rental returns are really good in Dubai and this will drive people to invest in properties. We believe the market will pick some steam in the coming few months,” he added. This website had reported last week that Indians are on the top of the list of expat real estate buyers in Dubai, having purchased properties worth Dh9.3 billion, 19 per cent to the total investment which stands at Dh48.9bn, in the first eight months of 2010.

Tagged as: business, director, dubai, indian, mumbai, price, real estate, uae

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LIC Housing Finance to focus on projects for senior citizens

by Paul Joseph May 12, 2010

The company will launch one retirement home project in each state every year LIC Housing Finance Ltd (LICHFL), the housing finance arm of state-owned Life Insurance Corp. of India (LIC), plans to enter the retirement home business with the launch of two projects in Bhubaneswar and Jaipur. “Every year, LICHFL plans to develop housing projects for senior citizens who are 50 years and above in age. The first project at Bhubaneswar is at the approval stage,” said R.R. Nair, LICHFL’s director and chief executive officer. The company, which has acquired 7 acres and 5 acres of land in Bhubaneswar and Jaipur, respectively, will launch one such project in each state every year. The cities will be selected on the basis of their demography. “We would select only those cities that have significant population in that age bracket. For instance, Kolkata is such a city,” he said. “Places of pilgrimage such as Rishikesh or Haridwar could also be of interest as these attract the elderly in huge numbers. However, capital cities will be our first choice.” Prior to the announcement of this plan, the firm developed such a project in Bangalore that was launched in 2006. “This is not an activity under any corporate social responsibility, but it is a fully commercial venture. Apart from the sale value, buyers are charged Rs1,500 per month for amenities,” he said. “Spread over 7 acres, the Bengaluru project houses 98 units with community facilities.” Between 600 sq. ft and 800 sq. ft in size, the units were sold at Rs6-8 lakh. “The pricing for the upcoming projects has not been decided, but it will be quite reasonable,” he said, declining to give details. The firm, awaiting the Reserve Bank of India’s approval to start its banking arm, expects to disburse loans of up to Rs20,000 crore in the current fiscal. Nair said the firm had given loans worth Rs15,000 crore in the last fiscal, registering a growth of 70%. The LIC unit’s plans come as other real estate developers and financial institutions have also entered the field of homes for senior citizens. Chandigarh, Dehradun, Pune, Udaipur, Indore, Jabalpur and Ranchi are ranked the highest among tier II cities for post-retirement living because of cheaper land rates and livable infrastructure, according to a recent report by the Associated Chambers of Commerce and Industry, or Assocham. Real estate firms such as Impact Senior Living Estates Ltd and Rakindo Developers Projects Ltd have already started developing such projects in Amritsar and Coimbatore, respectively, on a lease model. Rakindo Developers is a joint venture firm between Rakeen Group of UAE and Trimex Group of India. Another realty firm, Ashiana Housing Ltd, plans to develop retirement homes at Jaipur, Jodhpur and Lavasa. It has already developed one such project at Bhiwadi near Gurgaon. “These homes are economically packaged to service the old around healthcare, hospitality and wellness,” according to Saumyajit Roy, assistant vice-president, senior living, Jones Lang LaSalle Meghraj. The homes will come with monthly charges that will pay for specialized services for its residents. “With associated services, these houses are higher in value compared to regular housing,” said Ankur Gupta, joint managing director, Ashiana Housing. “Retirement homes are lifestyle products that have got a business value.” But unlike the US and other developed markets, India does not have any regulation on title ownership after the senior citizen’s death, raising the prospect that the nature of the property could change. “Once the second generation starts living, the project will no longer remain a senior citizen’s project,” Roy said. Source:http://www.livemint.com/2010/05/09220231/LIC-Housing-Finance-to-focus-o.html Filed under: Builders/ Developers , New projects Tagged: Bhubaneswar , LIC Housing Finance Ltd , retirement home

Tagged as: firm, housing, india, industry, nature, new-projects, uae

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Jaypee Kensington Boulevard Noida ! Hot Deals

by Paul Joseph May 11, 2010

One of India’s prominent Infrastructure Group, Jaypee Developer, is offering one more popular project, “Feast your eyes at a dreamscape at the Jaypee Kensington Boulevard community. This picturesque complex is surrounded by beautifully landscaped boulevards, each following a different theme. The living spaces mirror the beauty of the surroundings with their unique layout. The apartments enjoy an exquisite view of landscaped surroundings, replete with thematic gardens with patios, beautiful flora, street furniture and street art. Jaypee Kensington Boulevard homes are offered in options varying from studio apartments to penthouses with areas varying from approximately 550 – 3000 sq ft.The beauty of the landscape is perfectly matched with the lifestyle facilities provided including a host of sporting facilities, shopping arcades, swimming pool, jogging tracks and other elements that shape a luxurious life. Locations Located at sec 131, Noida on Noida Expressway Features 24×7 Power Back-up Recreational Facilities Swimming Pool Kids play area Club House Health Facilities Gymnasium For Prices and Original Booking of this projects http://www.investinnest.com/properties/jaypee-greens/jaypee-greens-kensington-boulevard.htm Contact US :- InvestInNest.com (Indian Property Seller) Email: info@InvestInNest.com India + 91 120 4207236 UK User:- 020 8090 4217 UAE User: +971 50 644 685 USA:- (917) 338 6416 —————————————————————————————

Tagged as: facilities, infrastructure, landscape, lifestyle, uae, usa

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Rakeen eyeing major investments in India

by Paul Joseph April 29, 2010

UAE-based realty major Rakeen has announced plans to launch integrated mega township projects in India, it was revealed to Property Pulse. In an exclusive interview with Property Pulse on the sidelines of just concluded Realty Plus Conclave 2010 held in the Capital, Dr. Khater Massaad, Executive Chairman, Rakeen and CEO, RAK Investment Authority (RAKIA) said that India has become the most attractive destination as there is a huge demand for real estate projects. “Moreover, the country enjoys an excellent relationship with the Emirate,” he added. Rakindo Developers Pvt Ltd, a joint venture between Rakeen and Chennai-based Trimex Group, is currently engaged in completing its first integrated township project in Coimbatore in Tamil Nadu. “The date for booking for this project will be announced in June,” informed Dr. Massaad. According to Prasad R Koneru, MD, Rakindo Developers Pvt Ltd, Rakindo is developing Kumarakom Wetlands in Kumarakom, Kerala and Chennai Marina in Tamil Nadu. “The 1000-acre Kovai Hills township project in Coimbatore will also feature a luxury resort and a spa. Besides offering luxury living options under this project, the company is also creating affordable housing just alongside the main project,” added Koneru. Rakeen is also involved in projects like infrastructure and ports development in India. Meanwhile, the much talked about Al Marjan project, a cluster of five coral-shaped man-made islands spread over 2.7 million sq mt off the coast of Ral Al Khaimah — is being developed in the emirate. The project comprises waterfront homes, floating villas, hotels, resorts, sporting facilities and commercial areas. The company’s other projects include Bab Al Bahr, RAK Financial City, Gateway City, RAK Convention Centre, Banyan Tree Al Wadi Resort and Jabal Al Jais, among others. Rakeen also has projects in countries like the Congo, Georgia, Lebanon and Kyrgystan. Source:http://www.realtyplusmag.com/rpnewsletter/fullstory.asp?news_id=8479&cat_id=1 Filed under: Builders/ Developers , Coimbatore , New projects Tagged: Coimbatore , Rakeen Group , Trimex Group

Tagged as: builders/ developers, coimbatore, new-projects, project, uae

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Pearl Investment to open 10 hotels in India, GCC countries

by Paul Joseph April 26, 2010

Dubai-based diversified group Pearl Investment has said it plans to open 10 hotels in the Gulf Cooperation Council (GCC) countries and India with an investment of 500 million dirhams (USD 136.15 million) over the next five years. The group announced the plans as it embarked on celebrating its 10 years of operations in the UAE. Riyadh, Makkah and Madinah are among the GCC locations for hotel projects, while the group’s Flora Airport Kochi in India is due to open in December 2010. The spa project on the 25-acre Flora Island Resort is about 15 minutes drive from Kochi airport. The 70-room, four-star boutique hotel will have banqueting facilities for 1,000 guests. Flora Group Hotels’ managing director Noordheen Babu said the group’s hotels recorded an average occupancy of 87 per cent in 2009, which was one of the most economically challenging times for the global tourism industry, and the average occupancy level for this year has been 85 per cent. The 350-million dirham ($95.3 million) family-managed Pearl Investment runs Flora Group Hotels and Ontime Technical Services as its subsidiaries. It has over 3,000 staff members, drawn from 20 nationalities, on its payrolls. Pearl Investment’s business partners in India are Oberon Mall — the biggest Mall in Kochi — and Food Circle, which is a food outlets chain in the Southern Indian state of Kerala. The group ventured into hospitality business in the year 2000 with the launch of Florida Hotel, and presently operates six hotels and hotel apartments in Dubai. The properties are -– Flora Grand Hotel, Florida Hotel, Hotel Florida International, Flora Hotel Apartments, Flora Park Hotel Apartments and Flora Creek Hotel Apartments. The group’s properties have a total inventory of over 700 rooms and furnished flats. Flora Group Hotels is also among the first non-alcoholic hotel groups in the UAE and is a partner-member of Green Hotels Association. Source:http://www.business-standard.com/india/news/pearl-investment-to-open-10-hotels-in-india-gcc-countries/92030/on Filed under: Cochin , Hotels/ resorts , New projects Tagged: hotels , Kochi , Pearl Investment

Tagged as: green, group, hotel, hotels, hotels/ resorts, plans, uae, year

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Launching Soon Emaar MGF Palm Hills Gurgaon

by Paul Joseph February 22, 2010

Emaar MGF launching the Emaar MGF Palm hills at sector -77 NH-8 in gurgaon. Mid-rise apartments in Exclusive Gated Community Offering 3/h BHK apartment with area ranging from 1450sqft to 1950 sqft. Covering with ample green area. Features Centralized, piped cooking gas Back-up power Atate-of-the-art security Modern elevators Sewage treatment and Reverse Osmosis (RO) plants Generators for common usage areas Locations of Emaar MGF Palm Hills Gurgaon PALM HILLS, at SECTOR -77, NH8, GURGAON About Emaar MGF Builder & Developer Emaar MGF Land Limited is a joint venture between Emaar Properties PJSC (Emaar) of Dubai and MGF Development Limited (MGF) of India. Emaar is one of the worlds leading real estate companies with operations in 16 countries, as of August 31, 2007. MGF has over the last 10 years established itself as one of the key players in retail real estate development in Northern India. In October 2006 Emaar Properties was awarded ‘Best Developer in the UAE for the second consecutive year at the Euromoney Real Estate Award. The joint venture of Emaar MGF, commenced operations in India in February 2005 with primary business in the development of properties in the residential, commercial, retail and hospitality sectors. In addition, EmaarMGF have also identified healthcare, education and infrastructure as business lines for future growth. Their operations span across various aspects of real estate development, such as land identification and acquisition, project planning, designing, marketing and execution. Prices of Emaar MGF Palm Hills Gurgaon 50 Lacs Onwards For more information visit on :- http://emaarmgf.investinnest.com Contact US :- InvestInNest.com (Indian Property Seller) Email: info@InvestInNest.com India + 91 120 4207236 UK User:- 020 8090 4217 UAE User: +971 50 644 685 USA:- (917) 338 6416 ————————————————————————————————

Tagged as: emaar mgf, india, real estate, the-residential, uae, usa

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