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.
With hundreds of prime real estate from across India on display, visitors will have a wide choice of locations and properties, including luxury villas, condominiums, farm houses, value apartments and plots, priced from Rupees 30 crores to less than Rupees 1.5 lakhs. Property developers participating in the highly focused and engaging show includes some of the biggest real-estate names in the industry, such as Arista who are displaying their premium properties coming up at Andheri in Mumbai and at Surat and Navsari in Gujarat. Lokhandwala Infrastructure will be exhibiting some of their prime projects in central and south Mumbai.
Among other prominent builders at the exhibition will be Jaypee Greens, who are showcasing their golf-centric premium residences in Greater Noida and their 5000 acres Jaypee Greens Sports City. Nirmal Lifestyle from Mumbai have several prestigious properties on display including US Open, India's first sports branded lifestyle apartments and Turquoise, a fully furnished premium residential project coming up in the Mumbai suburb of Mulund.
Vijay Group is exhibiting five of their prime properties, Orion, Residency, Nakshatra, Vijay Galaxy and Vijay Annex, at the show. All five residential complexes are in Thane, off Ghodbunder Road. Mantri Developers are highlighting several of their prestigious luxury projects, including Pinnacle, South India’s tallest residential project and luxury apartments at Alpyne, Espana, Glades and Serenity in Bangalore.
Another unique aspect of this exhibition will be that, for the very time in Kuwait, HDFC will be offering instant loan approval for buyers looking at easy payment options. The two-day property exhibition is organized by Indus, the pioneer and premier exhibition organizer in India, in association with Response Events and Exhibitions in Kuwait.