May 11, 2007

Indian Property Show to begin on May 17

The Indian Property Show, which generated deals worth $25 million last year, will return to Dubai this month. To be held from May 17-19 in Dubai Airport Expo's East Hall, the event will be a platform for Dubai residents to interact face to face with Indian property developers, financial institutions and legal advisors. "This show is an ideal opportunity for non-resident Indians (NRIs) and Persons of Indian Origin to meet and interact with many of the major developers in the Indian property market," said Sunil Jaiswal, CEO of organisers Sumansa Events. Jaiswal said real estate is one of the fastest growing sectors in India. The government of India's move to allow 100 per cent FDI in the real estate and construction industries in February 2006 has spurred unprecedented activity. In addition, market analysis pegs returns from realty in India at an average of 14 per cent annually with an upsurge in commercial real estate on account of the business process outsourcing boom, he said. Source://gulfnews