Tuesday, November 20, 2007

India Property Fair attracts interest

KUWAIT: A three-day event at the Salmiya Palace Hotel organized by Maya Design Inspired drew an encouraging response from expatriate Indians in Kuwait. More than 1,200 visitors attended the show, which was held November 15-17, from 10 am to 10 pm.
The event was inaugurated by Marcos Williams, chairman of the Kuwait-India Business Council, and was later graced by the presence of M. Ganapathi, the Indian ambassador. Several high-profile Indian and Kuwaiti visitors also attended.
Leading Indian property developers from cities such as Bangalore, Chennai, Delhi, Goa and Jaipur presented a wide range of choices, including apartments, developed plots, luxury villas and penthouses. The event's main sponsor, top housing finance company HDFC, provided the home-loan support and advice during the show.
A seminar on Indian Real Estate, including NRI/FDI investment, was conducted by real estate expert V Nagarajan. Visitors during the show included doctors, entrepreneurs, IT professionals and senior company executives, all of whom shared an interest in the growing real estate markets of many Indian cities.
The quality of visitors was truly professional, and they are keenly interested in committing to select projects across the country," said a leading developer from Bangalore. As a result of the serious interest shown, participating builders can confidently look forward to an expected turnover of more than INR 25 crores in the coming weeks.
HIRCO - Hiranandani Palace Garden, Chennai, won the Best Stall Award, while HDFC was accorded the Most Valued Support Award by the organizers of the exhibition.
A survey of visitors revealed that Kuwait's NRI market is still untapped, and that a huge potential exists for Indian developers to showcase their projects.
The organizers of Maya Design Inspired have scheduled another property fair during the first half of 2008 and are confident that it will draw an even greater response.


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