Huge turnout at Indian real estate fair

MUSCAT — The two-day Indian Property Exhibition, which was inaugurated on Thursday at the Al Falaj hotel auditorium, created quite a stir with the crowds thronging in to check what leading builders from India had to offer.
Both the days of the exhibition saw crowds of buyers and investors turn out in huge numbers. On display were projects varying from plots to fully furnished apartments and villas.
A similar exhibition held in Dubai last month generated Rs3 billion of business and sales close to Rs1 billion, organisers informed.
In Muscat, the organisers were hopeful that this show too would generate similar business with builders participating in the event offering special incentives for spot booking.
For instance, Dhammangi’s Group from Bangalore was offering a free Suzuki Alto car for every flat booked during the exhibition.
The properties available at the exhibition ranged from Rs1.5 million to Rs20 million. Easy finance options were also available for buyers with HDFC Ltd offering home loans for the NRI buyers.
“There were multiple projects on display and we could compare the prices and features before deciding on our dream home,” said a buyer who had zeroed in on a project at the exhibition.
“From the customer’s point of view, there is a comfort level, which stems from the fact that most of the participants have proven credentials and the deals are transparent,” he added.
The third Indian Property Exhibition was organised by Indus Fairs to address the rising need for quality homes with its guidelines, guidance and plenty of choices. In Oman, the event was marketed by Sixth Element Advertising and sponsored by Vatika, with Premier Properties, Vakil, Our Town as co-sponsors.
The exhibition offered key solutions for Indian expatriates to find their choice of homes across India — be it apartments, independent villas, bungalows or farmhouses.
More than 150 projects in New Delhi, Mumbai, Kolkata, Burdwan (West Bengal), Hyderabad, Chennai, Bangalore, Mysore, Hosur, Vizag, Coimbatore, Trichy, Madurai, Ooty, Thirunelveli, Courtallam, Pattukottai, Ludhiana, Ajman, Panipat, Ghaziabad, Mohali, Sonipet, Meerut, Bhatinda, Karnal, Jaipur, Lucknow, Gurgaon, Jodhpur, Kundli, Chandigarh, Dindugal, Nagarcoil, Kanyakumari, Tirupur, Salem, Sathur and many other locations were on show at the exhibition.
“An exhibition like this offers a one-stop answer to those tired of running from one developer to another in search of a dream home,” said a buyer.
“There cannot be a better time to buy property in India, as many cities are now preferred destinations for IT majors.
“Software development has kick-started the real estate activity. Jaipur is one such city which has benefited from the IT boom,” said Ravi Kapur, director of Vatika Infotech City Jaipur who participated in the exhibition.
The property exhibition, which showcased nearly 150 projects under one roof, provided the customer a wide range of options to choose from and help him take an informed decision.

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