Friday, February 11, 2011

FEP to bring 100 projects under ‘India Property 2011’

DUBAI — Abu Dhabi is set to host a new India property show that will bring over 100 projects from across India for the Capital-based Non-Resident Indians (NRIs), according to its organiser — Future Exhibitions and 
Promotions (FEP).
The inaugural ‘India Property 2011’ is scheduled to be held from February 11-12, 2011 in Abu Dhabi that will showcase affordable and hi-end luxury properties with competitive prices in the market starting from Rs1 million to Rs10 million.
The two-day exhibition will provide a unique opportunity for NRIs to get first-hand information on the current Indian real estate scenario from the people directly involved in the industry on a day-to-day basis, discuss with the builders about their latest projects, facilities, amenities offered, prices and payment plans.
“Dubai already has 4-5 regular Indian property shows, so we decided to select Abu Dhabi for our inaugural event,” Syed Asim, Managing Director, FEP, told Khaleej Times. It would be first India property show in Abu Dhabi after a long time and a very good response is expected from NRIs based in the Capital as they don’t need to travel all the way to Dubai for a property show, Asim said.
For people looking to buy a home or invest in the lucrative Indian real-estate sector, the choice of properties on offer ranges from high-end luxury villas to best value properties. Some of the developers at the show include: Unitech, Hiranandani Upscale, Century Real Estate, Natwest Constructions and many more. “In addition to NRIs related with oil and gas companies in Abu Dhabi, we are targeting individuals, buyers of residential properties, real estate developers, builders, contractors and real estate agents, arthitects, interior designers, consultants, government officials and private companies looking for commercial properties andcorporate houses.
FEP plans to explore more Gulf markets for its property shows, he said, adding: “Last year we had a property show in Qatar and that was very successful and this year we are planning two shows in Saudi Arabia.”
First show will be held in Riyadh in May, 2011 and then another in Jeddah in the same month, he said, adding: “We are also looking at Singapore for our property show that will focus on only south Indian NRIs.”
“We are confident that the two-day exhibition will prove to be a tremendous opportunity for the NRIs interested in investing in the Indian real estate sector to meet the major builders and developers first hand, learn about what the indian real-estate sector has to offer and make informed decisions,” he said.
Explaining his confidence in the Indian realty sector, he said, “Within the last decade the India property scenario has gone through positive changes triggered by the boom in the IT / ITES sector, changes in government policy and a robust Indian economy as a whole. With prices just about right and properties plentiful, now is an opportune time for NRIs in the UAE to invest back home.”

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