Maharashtra Chamber of Housing Industry, or MCHI, will be showcasing properties of major builders from India at the 12th India Realty Expo 2009, to be held in Dubai from June 4 to 6 at the Sheraton Dubai Creek Hotel and Towers. The expo will be held under the aegis of MCHI, a member of the Confederation of Real Estate Developers’ Association of India, or CREDAI, to provide an opportunity to non-resident Indian investors to explore the opportunities offered by the real estate sector in India. As many as 15 leading developers, all members of the MCHI, would be participating in the exhibition, which would showcase properties from Mumbai, Thane, Pune, Goa and other cities.
“This is the right time for NRIs to buy into Indian real estate, which has seen a fair amount of correction from the peak property prices,” Nainesh Shah, Secretary of CREDAI, and Chairman International Exhibitions, MCHI, said. The exhibition this year will focus on ready-to-possess homes valued at up to Rs7 million, homes offering possession within three to six months, affordable budget homes and low home loan interest rates from banks and financial institutions.