The 8th India Property 2007 - Dubai being organized by The Confederation of Real Estate Developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) will be held at Dubai Renaissance Hotel, Dubai from June 14 – 16, 2007.
India Property 2007, Dubai will have some of the biggest names in the Indian real estate industry, showcasing both residential and commercial properties. Leading developers from places like Mumbai, Navi Mumbai, Pune, Nashik, Goa, Bangalore, and Hyderabad among other places would be participating.
This exhibition is supported by the Ministry of Urban Development, Government of India, with LIC being co-sponsors.
There are an estimated One million Indians residing in the UAE with Dubai being the hub of commerce and industry, and increasingly developing as a major hub for service industries such as IT and Finance. NRIs in Dubai are well placed in society and command the respect of the local people due to their industrious nature and diligence in duty. Asian expatriates account for more than 75% of UAE population with over 40% under 25 years of age. NRIs in Dubai are high net worth individuals, which makes them a potentially rich market for real estate investments in India.
Mr. J.S. Augustine Co-Chairman, International Exhibitions, MCHI said, “India is poised for an unprecedented economic growth. With GDP crossing 9.5% the opportunities for every Indian, NRI and others. The villages have appreciated. Commercial and Residential are yielding high returns. Rentals have grown. There can not be a better time than now to invest in Indian real estate. CREDAI & MCHI facilitating this for NRIs in Dubai is a boon and they can transact with a lot of trust”
Sharing his views on India Property 2007, Dubai, Mr. Nainesh Shah, Chairman, International Exhibitions, MCHI, said, “With the current boom in Indian realty, there is a growing interest among NRIs wanting to buy property back home, not just for residential purposes but as an investment option as well. Moreover, our exhibitions are much looked forward to by Indians settled in Dubai, as they get a wide array of properties to choose, from leading developers and most importantly, the credibility associated with our exhibitions over the years, have made NRIs repose their full faith and trust in us.”
Last years Dubai Property show 2006 was a huge success. The 3 day event saw some very serious and focused visitors at the exhibition, which translated into actual bookings rather than just enquiries. All exhibitors were delighted with the response they received and business generated at the close of the property exhibition.
CREDAI Assurance
CREDAI and MCHI ensure complete transparency and assurance to the customers throughout the entire transaction and guarantee them the amenities and specifications as promised during the deal. In the event of any dispute the consumer can approach CREDAI to assist them in resolving the same.
About CREDAI
Confederation of Real Estate Developers Association of India (CREDAI) – is the apex body representing associations of real estate and housing developers from all over India. Its purpose is to promote housing and real estate developments in an organized and cohesive manner and provide a liaison with government bodies to effectively represent the views and needs of the industry. It has more than 3000 members spread over more than 17 states in India.
About MCHI
MCHI is a member of CREDAI and India’s premier housing and developers associations in India. Established in 1982, in Mumbai, the commercial and construction capital of India, MCHI has a membership of 450 leading developers who account for 90% of the housing supply in Mumbai and its vicinity.
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Why is property investment so powerful?
In Australia & elsewhere over the past 50 years property has averaged 10% growth per annum.
The time that it will take for a property to double in value can be calculated using the Rule of 72.
This rule says that 72 divided by the compounding growth rate equals the number of years it will take to double in value.
This means that as a property increases at a rate of 10% that every 7.2 years the property doubles in value.
Therefore if you purchase a $250,000 investment property and hold it for 21.6 years, it will then be worth $2,000,000 (increase of
$1,750,000) so you will have averaged $83,333.33 per annum profit!
Well researched properties can give even greater returns.
This example has not taken into account the effect of inflation, however it is easy to see that hardly any other investment could match the power that gearing into property can have.
If you purchased a $250,000 property using a 10% deposit and allowed 5% of the property value for purchasing and legal expenses, then you would be investing $37500.
Had you invested this same amount of money in another investment, without using the power of gearing (that can fairly safely be used with property, but is risky with many other investments like shares, due to the volatility of the share market, and the possibility of loosing all invested funds should a company you invest in go bankrupt) then in 21.6 years your investment would have grown to $300,000, an increase of $262,500, giving you an average annual profit of $12,500.
This means that you would have lost out on $70,833 per annum in profit.
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