India Realty Expo’10 in Dubai
The 13th India Realty Expo 2010 organized by the Maharashtra Chamber of Housing Industry (MCHI) in Dubai was a great success. The exhibition held from June 3, 2010 to June 5, 2010 saw a presence of total 2847 NRI’s. The event’s success can be contributed to the fact that the exhibitors were offering ready properties or possessions between 3-6 months.
The Exhibition was inaugurated by his Excellency Mr. Naresh Mehta, Consul Commerce of India, Consulate General of India, Dubai-U.A.E on June 3, 2010.
Eighteen leading developers and builders from India including Acme Housing (India) Pvt Ltd., Akar Creations Pvt ltd., Ashiana, Delta Group, Everest Developers, Godrej Properties Ltd, Hiranandani Constructions Pvt Ltd, Kolte-Patil Developers Ltd, Marvel Realtors, Nahar Group, Nirmal Lifestyle, Nyati Group, Our Town, Pathy Housing, Prathmesh Construction Pvt Ltd, Runwal Group, Rustomjee, Uma Constructions- represented by United 4 realtors participated in the exhibition.
Mr. Sunit Mantra, President MCHI said on the occasion, “Looking at the factors such as attractive prices of Indian Real Estate as compared to Dubai coupled with a lackluster trend in local markets there, turned out a bonanza for the Indian realtors exhibiting their properties in the Dubai exhibition with investors and genuine buyers visiting in large number this year.”
The Hon. Secretary, MCHI, Mr. Deepak Goradia said, “We have seen tremendous response and turnout for the exhibition this time. Projects in Andheri, Powai, Navi Mumbai, Kandivali, Borivali, Bandra, Ghatkopar, Thane from Mumbai and other cities such as Bangalore, Goa and Pune received a lot of enquires for residential flats. Quality of visitors was good and mostly they were affluent, focused and high end consumers. Moreover visitors showed interest in 2/3 BHK flats ranging from 60 lacs to 1 cr.”
This was the 9th year of the India Realty Expo in Dubai which provides a one stop solution to all the needs of NRIs intending to purchase properties in India.
The Indian Real Estate Industry has only reasons to cheer.
Popularity: 2% [?]
If a middle-class salaried person can’t afford to buy a living place for himself, what the realty business is all about? Until a decade ago, the property deals in India were mostly executed between the buyer and seller. Recently, thousands of brokers have entered the business who are creating a hype in the industry and setting unrealistic prices. In some cases it is found that 4-5 brokers take a share in the property deals. The builders are also becoming greedy. Our government, instead of taking steps to rationalize the price of housing (which is a basic necessity)is promoting the industry at the life-saving of common citizen. Buy a house and keep paying 30-40% of your income for the rest of your working life!! If there is no healthy price increment, it will surely collapse like what happened in the USA, Europe, Dubai and in India in the mid-nineties. I hope so!
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