Indian Property Show in Dubai expects $ 51 mn business

DUBAI: Around 70 developers are expected to showcase as many as 300 projects worth $ 5 billion at this week's Indian Property Show in Dubai, where business worth $ 51 million is expected, organisers of the show said.

Organised by Sumansa Exhibitions, the Indian Property Show -- which is in its fifth year -- is being held from December 15 to 17 and will display a plethora of real estate projects, ranging from budget to luxury properties, and other offers from developers.

The event will be a platform to meet developers, real estate agents, financiers, legal experts and even vaastu consultants.

Some of the top exhibitors taking part in the exhibition include Unitech, Vatika Group, Nirmal Lifestyle, Hiranandani, Ansal Housing, India Bulls, Ireo and Investors Clinic.

Sumansa Exhibitions CEO Sunil Jaiswal said he was pleased to bring the show back to Dubai after successfully showcasing Indian properties in Durban, London and Singapore.

During the show, seminars on legal aspects, vaastu and investment opportunities in cities such as Pune, Delhi NCR and Jaipur will also be held.

"The Indian property market is a hot investment option even today and the sentiment is echoed by all the developers back in India as the enquiries and purchases by NRIs have kept on increasing. This is even after the interest rates on home loan have gone up and the property prices in Q1 and Q2 of 2011 have seen an upward trend. Residential property demand will remain strong because of the strong business climate," Jaiswal said.