Mumbai, May 26, 2010: Maharashtra Chamber of Housing Industry (MCHI), India’s most prominent body of real estate builders and developers in order to attract NRI home buyers from the middle east, would be showcasing properties of renowned builders from India, at the 13th India Realty Expo 2010, to be held in Dubai from 3rd to 5th June, 2010 at the Renaissance Hotel, Deira, Dubai.
India Realty Expo 2010 will be held under the aegis of MCHI, a member of the Confederation of Real Estate Developers’ Association of India (CREDAI), to provide an opportunity to NRI investors to explore the plentiful opportunities offered by the real estate sector in India in housing as well as commercial and retail options.
The India Realty Expo in Dubai would be a golden opportunity for affluent NRIs of the Gulf Region, who are looking for homes back in India. As many as 21 leading developers, all members of the MCHI and CREDAI Association, would be participating in the exhibition, which will remain open from 5 pm to 9 pm on 3rd June. The timings on 4th and 5th June are from 10 am to 1 pm and 4 pm to 9 pm. The exhibition this year will focus on mostly under construction and ready residential properties form Mumbai, Pune, Bangalore and Goa.
Mr. Sunil Mantri, President, MCHI said, “The properties showcased in the exhibition match the best International standards for amenities and facilities with swimming pools, health club, play area etc. They are ideal for NRIs who are used to living and working in a globalised lifestyle and environment. MCHI being an ‘official’ organization of Real Estate Developers, recognized by the Government of India and Maharashtra. The result would be added security, satisfaction and peace of mind for NRIs buying Indian real estate”.
Mr. Boman Irani, Chairman Exhibitions – MCHI, feels “Property market in India currently offers a great opportunity for the NRIs, as most developer’s participating in the expo are catering to all the requirements of such affluent buyers. As one of the most preferred avenues for property trade in the Gulf, India Realty Expo attracts a huge turnout of NRIs every year”.
Mr. J S Augustine, Co-ordinator, MCHI added, “Residential property prices have been stabilized now and certainly are very much attractive for the NRI home buyer, especially for DUBAI NRIs for Dubai NRIs. Those who would invest in Dubai property will find that India is a very good option for them to invest in a home away from their hometown or in the international-standards of commercial properties.”
Mr. Zubin Mehta, CEO of MCHI, said “With attractive pricing and innovation in construction technology, variety of designs, NRIs are taking a fresh look at India as an unique market in which they can invest. We at MCHI have been making use of the platform of International exhibition to bring the prospective home buyers and developers together for one-on-one meeting every year. We are sure the current market scenario in India and overall economic revival across the world would make the exhibition a successful event this year”.
Maharashtra Chamber of Housing Industry (MCHI), formed in 1982 is the most prominent body of real estate builders and developers bringing together members dealing in real estate and construction industry on one common platform to address issues facing the industry. Members of MCHI account for providing more than 80 % – 90% of residential accommodation in Mumbai and its vicinity. MCHI helps both the Central and State governments in meeting their objectives of providing shelter. MCHI works towards raising awareness among the general public, real estate and construction industry while providing them with exhaustive information on projects and new developments in and around Mumbai. With over 500 well-recognized and reputed member builders, developers MCHI is affiliated with leading industry associations like FICCI, IMC and CREDAI.