MCHI (Maharashtra Chamber of Housing Industry), a member of the Confederation of Real Estate Developers’ Association of India (CREDAI) is a prominent body of realty developers in India. It held India Realty Expo in Dubai from 3rd to 5th June 2010 to showcase properties of renowned Indian builders in order to attract NRI home buyers from the Middle East.
This Expo has not only helped NRI investors in exploring investment opportunities in the Indian real estate market but has also taken Indian property sector to an international platform. The residential, commercial and retail properties mostly from Pune, Bangalore, Mumbai and Goa were exhibited for affluent NRIs looking for investment back home. The properties put on display matched international standard living equipped with modern amenities like swimming pools, health club, play areas, etc. Since NRIs are used to living and working in a global lifestyle and environment, they look for properties in India on the same lines.
The realty exhibition has surely been a huge event with as many as 21 leading developers participating, all members of the MCHI and CREDAI Association. The event turned out to be a huge hit as it extended numerous golden opportunities to Non-Resident Indians to build a home in their motherland. Indian realty also gets to see huge money coming in from outside helping in further boom in the industry.
Since, the prices have stabilized post recession, it is just the right time to exhibit global standard property in India to foreign investors. Investors are now looking at investment options as the economy shows clear signs of recovery. Also, those with affluent incomes are coming forward to invest in their native land so that they can spend retirement years near their home towns and get a regular income meanwhile.
No comments:
Post a Comment