CREDAI organises world’s largest NRI Realty Expo in Dubai
· The property exhibition which will run on and from 21st - 23rd January 2010 will cater to the growing interest of the NRIs in acquiring properties in India
· About 60 prominent developers’ showcasing 200 projects with 15000 residential units will participate in the exhibition enabling consumers to choose from a diverse range of properties
India, New Delhi, Tuesday, January 19, 2010: The World’s largest NRI Realty Expo, the CREDAI NRI Property Exhibition, is taking place under the aegis of the Confederation of Real Estate Developers’ Associations of India (CREDAI) at Al Nasr Leisureland in Dubai from 21st – 23rd January 2010. The prestigious exhibition will witness participation from about 60 reputed Developers from across India and is expected to attract more than eight thousand affluent UAE NRI’s to attend the event. CREDAI Karnataka is spearheading this event in partnership with Dun and Bradstreet (D&B) – the world’s leading source of global business information, knowledge and insight. The event is taking place concurrently with India’s premier Real Estate Convention NATCON 2010 being organised by CREDAI at the Atlantis, Dubai from 23rd – 25th January 2010.
The event is slated to attract an unprecedented number of real estate developers from across the four prime regions of the country exhibiting residential properties ranging from Rs.5 lakhs to Rs.5 crore to affluent NRIs of UAE, who intent on acquiring properties in India. Over a period of three days, the exhibition will unfold the grand spectacle of top developers assembling under one roof, showcasing about 200 projects with 15000 residential units, unleashing the NRI consumers with an opportunity to gather information and book properties on –spot in our country. Notable developers like Prestige Group, Mantri Developers, Purvankara, Nirmal Lifestyle, Everest Developers, Hiranandani Properties Pvt. Ltd., Akshaya Homes, Sobha Developers, QVC Realty, Sterling Developers, Skyline Builders and many such others will be displaying their projects.
With the revival of the real estate sector in India, there is a renewed demand for property. NRIs especially have shown considerable interest in purchasing property in India. Dubai, which has a significant customer base for Indian properties, thus becomes a potential market for developers in India to focus on.
According to Mr. Dharmesh Jain, Vice President, CREDAI, “Both the B2B and B2C events were planned to provide benefits to all stake holders- the developers, the bankers and the customers from the UAE. We assure that the properties that will be exhibited to NRIs to buy during this exhibition from CREDAI Member organisations will not only provide the best property but also ensure peace of mind, especially considering they live thousands of miles away from India. Our members are governed by a strict code of conduct that guarantees the purchaser on transparency, reliability and world class quality in terms of design and construction. Grievances, if any, are settled by mutual discussion and adjudication avoiding unnecessary hassles for the NRI customer.”
Mr. Nainesh Shah, Honorary Secretary, CREDAI said, “At this expo the customers will have wide variety to choose from over 60 developers from across India and about 15000 properties in 200 projects. Ready and under construction Projects from Bangalore, Mangalore, Mumbai, Thane, Pune, Chennai, Coimbatore, Kochi, Trivandrum, Calicut, Nagpur, New Delhi, Goa, and Hyderabad and other cities. The spot loans offers from banks will aid consumer convenience in acquiring properties while exciting discounts from the developers will mean a lot of saving for the NRIs.”
Speaking of the Exhibition, Mr. J.S. Augustine, Director- CREDAI Exhibitions said, “Visitors to this expo will have the best and finest homes to choose from India’s leading developers across the country. India is today the worlds 2nd fastest growing economy and with rising values, NRIs can invest his/ her money and watch it grow.” According to him, “Today the best and safest investment is ones’ own home. Opportunities from India provide the financial stability and emotional connectivity”.
Mr. Srinivasan Desikachari, Chief Executive Officer of CREDAI Karnataka said, “We are expecting a positive response from both participating developers as well as visitors at the exhibition. This is going to be the first of its kind exhibition wherein we have such a huge number of top developers from across India participating to display their properties to NRIs. It will also be an excellent opportunity for developers to display their potential at an international platform.”
About CREDAI
It is the apex body of the organized real estate developers/builders across India, representing pan-India associations of real estate and housing developers. Since its inception in the year 1999, the association has grown manifold with allegiance from 20 state/city level associations viz. Andhra Pradesh, Chhattisgarh, Delhi-NCR, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal with over 5000 individual member developers encompassing over 60% of the organized private sector real estate development activity in member states/cities in the country. CREDAI has been instrumental in rallying the cause of the Real Estate sector by presenting the issues and concerns of real estate developers to the Government.
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