Kuwait will witness the All India property exhibition on 11th and 12th
of Jan, 2008. Scheduled to be held at Kuwait's Ramda Hotel, the show
will showcase some of the biggest names in the Indian real estate industry.
Leading builders and housing finance institutions will be participating
with a large number of residential and commercial properties from North,
South, East & West would be vying for space.
The Exhibition will be a platform to bring under one roof reputed builders,
diverse properties and the best financing options from the bank so that
customers can shop for their dream home with least effort and maximum
convenience.
Conducted by Indus Fairs & Events (India) Pvt Ltd in association
with Danat Al Sultan Kuwait, the event will showcase more than 200 projects
across India's major cities. Projects will include apartments, independent
houses, bunglows, villas, farm houses, commercial properties, home loans,
beach resorts and plots.
The show will also be wonderful ground for NRI investors seeking investment
in real estate India. They will have access to first hand information
on upcoming and current real estate projects, as a range of property
options.
India has begun to resurface itself as a formidable economic house.
With strong forex reserves, healthy GDP growth rates, rupee appreciation,
strong corporate performance and expanding FII investments, progress
seems to be the name of the game.
The $12 billion real estate market in India is on a high growth curve,
on the back of a booming economy, increased participation of global
players in the Indian market, new technological innovations coming to
India, new norms and policies with respect to maintenance of buildings,
the general upgradation of infrastructure, entry of some world-class
players in the hospitality and entertainment sector, favorable demographics
and liberalised FDI regime.
The real estate sector is the second largest employer in India. This
sector is projected to grow to $50 billion by 2010 at an average rate
of 20% per annum. Investment opportunity is expected over $50 billion
in the next five years.
"In India's fast-growing economy, real estate has emerged as one
of the most appealing investment areas for domestic as well as foreign
investors. The real estate sector will continue to derive its growth
from the booming IT sector, since an estimated 70 per cent of the new
construction is for the IT sector," a report by Pricewaterhouse
Coopers has said.
