Indus India Property Exhibition in Kuwait
Bellevision Media Network
Kuwait, 26 October 2011: The two-day Indus India Property Exhibition 2011, showcasing premium properties from across India, was inaugurated by His Excellency Satish C. Mehta the Indian Ambassador to Kuwait, on Friday, 21st October, at the Ramada Hotel Kuwait, in front of a large gathering of exhibition visitors, prominent businessmen in Kuwait and real estate builders and developers from India.
Speaking on the occasion the ambassador noted that with the participations of over 30 developers offering hundreds of properties from across the geographic spectrum of India, and displaying the whole gamut of real estate categories, the exhibition provided a wide range of properties for real estate investors and buyers, within and outside the Indian community in Kuwait, to choose from.
Elaborating on the current real estate scenario in India the ambassador added that according to recent reports there would be a demand for over 26 million housing units all over India by 2012. Pointing to several reasons for this growing demand, the ambassador said, “With the Indian economy continuing to show robust growth, income among Indians has steadily increased and this in turn has produced a huge demand for real estate all over India.”
“Moreover,” said the ambassador, “internal migration within India, where nearly one in three Indians born and raised in one part of the country migrate to another area, seeking employment or career development, has also created an enormous requirement for housing. Another aspect that could be pointed out behind the boom in real estate was that lifestyle changes across India have led to traditional large joint family units splitting into smaller nuclear ones, each requiring their own housing. All of these factors, along with a liberalized real estate investment climate in India, have created a tremendous demand for real estate all over the country.”
The ambassador stated that property exhibitions like the current one were an ideal venue for members of the Indian community to examine in detail the multitude of real estate investment opportunities in India. People looking to invest or buy property in India, but who do not have the time and effort needed to visit these properties, would find that the two-day exhibition offers excellent choices. The ambassador concluded by thanking the organizers of the exhibition and wishing all success to the show.
The huge turnout at previous property exhibitions are a clear indication of the increasing awareness among Indians in Kuwait to the rich potential of investing in the booming Indian real estate sector. The Indus Indian Property Exhibition 2011 promises to be an ideal chance for buyers and investors to examine in detail all facets of properties and investment opportunities in India.
Indian property exhibition draws to a Successful Conclusion.
The well-attended Indus India Property Exhibition came to a close on Saturday, 22nd October. The two day exhibition, saw the attendance of a large number of people looking to genuinely buy or invest in Indian real estate.
Among the main attraction of the two-day exhibition was the presence of reputed developers and builders, including some of the biggest names in the Indian real estate business like Arista Group, Lokhandwala Infrastructure and Jaypee Greens. In addition, the availability of hundreds of properties from across India, covering the full array of real estate categories and prices ranging from luxury villas worth over Rs. 30 crores to individual plots for less than Rs. 1.5 lakhs, were other attractions that drew record crowds to the exhibition.
The fact that Indian real estate continues to be a lucrative draw for the Indian community in Kuwait, was made clear by the large number of people at the exhibition who were looking at properties as an investment medium. While there were plenty of visitors looking to buy their first apartment or plot to construct their dream homes, a significant number were looking at the attractive investment opportunities presented at the show.
The record crowds that attended the two-day exhibition were unanimous in their appreciation of the informative nature of the exhibition and the wide selection it offered with regard to properties, prices and payment options. The fact that developers were showcasing properties from across India was also an added factor in the large number of attendees. One visitor summed up the exhibition best when he said, “The exhibition allowed me to explore real estate investment opportunities in various cities of India, like Noida, Mumbai, Surat, Bangalore and Chennai without having to travel to these individual locations and meet with different developers in those places.”
Developers and builders attending the show were equally pleased at the large attendance and, more importantly, in the record number of visitors who were genuinely looking at buying or investing in the booming Indian property market. “It is obvious that there is good demand for aesthetically designed flats and houses that are planned in accordance with principles of contemporary architecture and which endeavor to be a reflection of a modern lifestyles,” said one developer. Many developers expressed their intention to participate in future real estate exhibitions in Kuwait with the aim of exploring new opportunities among NRIs in the country as well as strengthening relationships already created at this exhibition.
The $12 billion Indian real estate market is currently on a high growth curve, on the back of a booming economy, liberalized FDI regime and increased participation of global players in the Indian property market. Also the tremendous pent-up demand for housing units across India, new innovations in building materials and construction technologies being implemented in the country, new norms and policies with respect to maintenance of buildings, the general upgrading of infrastructure and entry of some world-class players in the hospitality and entertainment sector, have all contributed to the booming real estate sector in India.
Buyers and investors visiting the Indus India Property Exhibition 2011 saw it as an opportunity to directly interact with builders and developers in order to find the best options for owning properties or investing in the thriving Indian real estate industry. The largest property exhibition held in Kuwait this year was organized by Indus Fairs and Events, the pioneer and premier exhibition organizing company in India, in association with Response Events and Exhibitions in Kuwait.