NRI Real Estate and Property Investment in India
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India Realty Expo 2008 in Dubai from May 8
Monday, May 05, 2008

The Maharashtra Chamber of Housing Industry (MCHI) is organizing an exhibition of some of India's prestigious properties at the Al Boom tourist village in Dubai from May 8-10. Christened India Realty Expo 2008, it will showcase high-end properties targeted at high net worth individuals and Non Resident Indians.

"25 exhibitors will be showcasing their properties of which 18 hail from Mumbai," MCHI's President, Pravin Doshi, told reporters here today.

Last year, there were about 40 exhibitors. The less number this year was attributed to the good demand for properties in the domestic market by Doshi. "Because of the good local demand, many exhibitors are not going abroad this year," he said.

Some of the big names participating in this year's expo are Hiranandani Constructions, HIRCO, Nirmal Lifestyles, D B Realty, Kohinoor Planet Constructions, the Nahar group and Kalpataru Properties, amongst others.

The financial institution community is also participating in the expo, Doshi said.

"Quite a few visitors made firm bookings during the previ us expo. This year's expo will provide a one-stop solution to all the needs of a NRI to buy a property in India," Doshi said.

Last year, around 6,000 people visited the expo. "This year too, we expect a good response," he said.

MCHI is now planning holding an expo in London later this year. "We are also planning holding one in Singapore--right now, this is in the planning stage," Doshi added.


 

 

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