Indian property firms woo NRIs in Doha

DUBAI: Indian property developers called upon potential buyers in Doha to take advantage of recessionary trends in the global economy and make investments in the real estate sector of growing economies like India.

The two-day Indus Property Exhibition 2011 was held in the city recently, where Indian real estate developers showcased their properties.

In a joint statement issued on the occasion, the participating companies said that "with India beginning to resurface itself as a formidable economic system, backed by strong foreign exchange reserves, healthy GDP growth rates and expanding foreign direct investment, conditions are ideal to buy properties in the country's major cities".

The Indian real estate market, they said, continued to be on the upswing and for NRIs, it was the right time to invest in properties back home. They pointed out the entry of a number of international real estate houses in India showed foreign investors' increasing confidence in the Indian market.

They noted that 100 per cent FDI was allowed in India's real estate sector. The companies showcased apartments, independent houses, bungalows, luxury and premium villas, farm houses, commercial properties, beach resorts and plots.

More than 100 properties from New Delhi, the National Capital Region, Mumbai, Hyderabad, Vijayawada, Nelloor, Chennai, Coimbatore, Bangalore, Tiruchirapalli, Ooty, Hosur, Gurgaon and similar locations were showcased at the exhibition.

The exhibition was jointly organised by Apex Business Solutions and Indus Events and Exhibitions.