Khaleej Times-hosted event to provide investors opportunity to cash in on lucrative onsite deals, financing options
After an immensely successful launch edition in 2018, the India Real Estate Show (IRES) is back for its second edition on October 18 and 19, 2019, at the Jumeirah Emirates Towers in Dubai.
Hosted by Khaleej Times, the UAE’s first English daily, IRES 2019 will once again assemble some of India’s biggest real estate players and provide an opportunity to the UAE’s non-resident Indians (NRIs) and other foreign investors in the country to cash in on lucrative onsite deals and financing options.
Based on the success of the 2018 edition, which generated more than Rs450 crore (Dh235 million) worth of business, legacy real estate developers Shapoorji Pallonji Real Estate and Sobha Limited have again signed up for the second edition as Silver Sponsors.
Speaking about the collaboration with Khaleej Times, Mr Venkatesh Gopalkrishnan, Chief Executive Officer, Shapoorji Pallonji Real Estate, said: “For most NRIs, real estate will remain one of the favourite investment options in India due to a number of reasons like higher volatility across other asset classes and significant improvement in the regulatory environment in the sector. There is no doubt that the new regulatory environment in India has revived the confidence of NRI buyers. They perceive that the real estate sector in India is now more efficient, transparent and conducive for investments.”
He further added: “Keeping in mind the experience from the previous edition of India Real Estate Show, this year we have decided to showcase our aspirational residential projects across key markets along with luxury and premium properties for NRI homebuyers.”
Vinay Kumar, Head, International Marketing, Sobha Limited, said: “Real estate, considered one of the most preferred assets for NRIs, saw a 15 per cent growth in NRI investments across the country last year. According to global and local real estate observers, NRIs are mostly buying properties in major cities such as Mumbai, Delhi, Pune, Bangalore and Nagpur.”
“In terms of footfall and quality of crowd, most of the visitors at the last edition of India Real Estate Show were end-users and serious buyers looking for investments. We are excited to be back for the second edition and look forward to another successful event with Khaleej Times,” he further noted.
“With continued political stability in India, investors including the UAE’s NRIs are confident of sustained growth in the Indian economy. This will encourage them to make further investments in India’s real estate sector in the coming days and months. The India Real Estate Show offers a perfect opportunity for NRIs looking to invest in property back home in India to explore the options and leverage the favourable rupee-dirham exchange rate,” said Vicky Kapur, Executive Editor, Khaleej Times.
More than 5,000 visitors are expected at the 2019 edition of the India Real Estate Show which will see over a hundred projects from major cities like Mumbai, Bangalore, Delhi, Gurgaon, Chennai, Hyderabad, Ahmedabad, Pune and more. Visitors will have a plethora of options to choose from along with instant deals and discounts, attractive payment plans, ready to move-in properties and spot prizes.
Shishir Kapadia, Senior Vice-President for Finance and Operations, Khaleej Times, said: “We received a tremendous response to the launch edition of India Real Estate Show last year. The 2019 edition is slated to bring together more developers such as Sobha Ltd. and Shapoorji Pallonji Real Estate who are our partners for the event. We firmly believe that the event will be bigger and better this year.”
Analysts believe that the outlook for India’s real estate market is positive and can offer stable returns over the coming years. UAE is one of the biggest sources of NRI investment into India, which accounts for 20 per cent of the total, followed by the US (18 per cent), the UK (7 per cent) and Canada (6 per cent).
The other factor that cannot be ignored is the lucrative currency exchange rate between the dirham and the Indian rupee.
Speaking about this added benefit of the current currency exchange rates, Abhinav Mishra, Head of Conferences & Exhibitions, Khaleej Times, said: “With the Indian rupee now expected to touch the Rs20 mark against the UAE currency, investing in Indian realty is considered as a safe haven for Indian expatriates. The India Real Estate Show aims to bridge the gap between the Indian developers and the NRI community in the region, by providing them direct access to some of the best properties across India, together with great offers and fantastic features.”