India Realty to provide a profitable investment opportunity for the NRI buyers in India
Mumbai, November 30, 2010: Over the years, Non Resident Indians (NRIs) have considered Indian real estate market a thriving investment destination with good returns on investment. Considering this scenario, Maharashtra Chamber of Housing Industry (MCHI), one of India’s most prominent body of real estate builders and developers has organized the ‘14th India Realty Expo 2010’ at Renaissance Hotel, Dubai between December 9 to 11, 2010 to cater the ever-increasing demand for Indian real estate from Non-Resident Indians.
MCHI’s 14th India Realty Expo 2010 is a one-stop shop for potential buyers of Indian real estate that offers good buying and financial options. Various renowned developers like Acme Housing India Pvt. Ltd., Akshay Group, Aakar Creations, Bajaj Infrastructure Development Company Ltd., DB Realty Ltd., G Corp Properties Pvt. Ltd., Hiranandani Constructions Pvt. Ltd., Hiranandani Upscale, Jaycee Homes Ltd., K Raheja Corp, Kalpataru Ltd., Man Group, Marvel Realtors, Nahar Group, Nirmal Lifesytle, Runwal Group, Rustomjee, Red Brick, Sanghvi Group of Companies and many more will offer intelligently planned homes with great value for money from different cities of India such as Mumbai, Pune, Bengaluru, Chennai and Goa. The expo also provides good finance alternatives such as low home loan interest rates from banks and Home Finance Institutions (HFIs) like HSBC LTD. (co-organiser of exhibition), HDFC LTD. (Platinum Partner of exhibition) and Reliance Home Finance. The exhibition showcases many projects that will offer possession within a short time frame.
Commenting on the exhibition, Mr. Sunil Mantri, President MCHI says, “We offer the MCHI ‘Seal of Approval’ during our property show, so that NRIs are assured of the fact that all properties on offer are legally clear, and MCHI stands with the NRI buyer as regards any promises made by the developer. In the unlikely event of such promises not being honored, MCHI will take up the matter on behalf of the NRI buyer. This MCHI ‘Seal of Approval’ makes all the difference to an NRI looking at making the ‘buy’ decision at ‘MCHI’s 14th India Realty Expo 2010’.” He further adds, “It makes a difference, given that the ‘returns on investment’ (ROI) potential of Indian real estate is far better as compared to other similar options available to global citizens of Indian origin or an Indian expatriate in the U.A.E.”
According to Mr. Deepak Goradia, Hon. Secretary, MCHI, “At ‘MCHI’s 14th India Realty Expo 2010’, the offerings will include all categories of Indian residential real estate – including the newest, ‘affordable luxury homes’. These product offerings have been welcomed by resident Indian buyers. To put it in the proper perspective, the investors will find an opportunity to explore the abundant options that India’s real estate has to offer at the exhibition.. In keeping with the ‘realistic offerings’ set-up, the exhibition will also focus on ready-to-possess homes, valued in the INR 70 lakh range.”
Mr. Boman Irani, Chairman, Exhibition Committee – MCHI, says, “Prices have corrected to reasonable levels over the last year and half, this makes it a win-win scenario for those who enter the Indian real estate market now onwards, as they will get good returns. Even those who had invested during the boom times will see a steady recovery and growth in their investments – albeit over the next few years. New and developing locations on Mumbai’s periphery like Thane, Navi Mumbai, Mira – Bhayandar and Vasai – Virar – Boisar as also Kalyan – Badlapur – Karjat should see better returns for investors.”
Given that the ‘India Realty Expo 2010’ is just a few days away, the MCHI CEO, Mr. Zubin Mehta suggests that NRIs should wait for ‘MCHI’s 14th India Realty Expo 2010’ before finalizing their real estate purchases. “Apart from Mumbai, the ‘India Property Exhibition 2010’ will also offer real estate offerings from other cities in India, including Pune, Bengaluru, Chennai and Goa,” he says. “Mumbai’s suburbs continue to be favored destinations.
MCHI’s 14th ‘India Realty Expo 2010’ will provide Indian builders and real estate companies opportunities to court potential buyers and investors in the U.A.E. All the economic indicators project a bright, sustainable future for India. This is reflected in the enquiries that are being received by Indian developers from NRIs in the U.A.E.
Considering the various Real Estate Investments opportunities available in India, MCHI’s 14th ‘India Realty Expo 2010’, welcomes all NRIs and helping them choose the right property in India. More information on www.mchi.net