Rising demand by investors while rupee value slides down
The exhibitors at the Indian Property Show, which was opened on 21st June 2012 at Dubai World Trade Centre, expect a flourishing business after the recent 30 per cent fall of the Indian Rupee value against the US Dollar and the Dirham.
The experts are of the opinion that the Non-Resident Indians (NRIs), following the slide in rupee rate, would be invincibly looking forward to buy property in India. On this basis, the exhibitors have been expecting a business of around $ 50 million during the three-day exhibition.
This is the tenth show and it features properties ranging from Rs 8 lakh to Rs 90 million and above. Leading Indian developers including Brigade Group, Sobha Developers, Mantri Developers, Hiranandani, and many leading banks are all contributing to the show.
Bangalore is assumed to exceed all other cities in India in attracting the investors towards its positive real estate growth. Seminars by industry experts, on real estate boom in India and the benefits of investing now, have also been included in the exhibition. One has to wait and watch whether the result of this exhibition will reach the exhibitors expectation or if it even exceeds it.
To read more real estate news:
Mangalore Property show on May 19 and 20
Source: Khaleej Times
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