The Confederation of Real Estate developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) have announced the dates for 3rd India Property - 2006 London, which will be held at Olympia Conference Centre, level 111, East Hall, Kensington street, London from 27th – 29th May 2006.
[UKPRwire, Sat May 27 2006] The Confederation of Real Estate developers Association of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI) have announced the dates for 3rd India Property - 2006 London, which will be held at Olympia Conference Centre, level 111, East Hall, Kensington street, London from 27th – 29th May 2006.
The exhibition aims at providing NRI’s investment opportunities in Residential and Commercial properties back home. Leading property developers from places like Mumbai, Delhi, Agra, Bangalore, Kochi, Pune, Goa, Lonavala among other places would be participating.
This year a number of banks and developers have come forward as sponsors. This exhibition is supported by The Ministry of Urban Development, Government of India, with ICICI Bank and Rustomjee Keystone Group being Principal sponsor while other sponsors include Acme Group, Ajmera Group, HDFC Ltd., and State Bank of India (NRI Services). B4U are the Media Partners with Axiom Estates being London Associates.
Mr. J.S.Augustine Co- Chairman, International Exhibitions said, “The World has begun to take note of the Economic rising in India and is showing its confidence by huge investments. NRIs after 3 years of waiting have begun to actually invest. Many groups of NRIs have filed for FDI permissions. As many as 18 proposals are pending with the Reserve Bank of India. Developers offer world class properties with decent returns compared to many markets. Transparency has taken dominance in the way they deal with Indian and NRI customers. India is on the threshold of a 10 year long economic growth. NRIs must take advantage of the post independence benefits and build their bridges and contribute to their nation building now. Developers now go to various cities in the world to offer their best. NRIs must take advantage.”
Nainesh Shah, Chairman, International Exhibition, MCHI, said, “There are almost 1.8 million NRI’s residing in London, who are the wealthiest and most influential among the expatriates living there. Indians in Britain have the highest employment rates among Asians, and are the highest tax payers in the country. London has an estimated 13000 Indian businesses that make a major contribution to the economy, including the IT sector. Thus, it would be appropriate to have this property show in London which would tap the huge NRI market given their high purchasing power.”
Adding further Mr. Zubin Mehta, CEO, MCHI, said, “The real estate sector is one the fastest growing industry in the Indian economy with the government allowing Foreign Direct Investment (FDI) into the country. NRI’s in Britain are looking at pure investment opportunities in India and this exhibition will provide a perfect platform for them to invest in India, which will further give a boost to the real estate sector and the Indian economy as a whole.”
The governments recent liberalization policies in the real estate industry, has opened up the sector to huge Foreign Direct Investments into the country. Investments in the real estate sector gives better returns appreciating over the years, and will also help in proper development of housing and other infrastructure projects in the country.
India Property – 2006 London will have daily informative seminars organized between 4 pm – 6 pm to enlighten Indians residing there on various real estate issues such as Taxation & legal issues, Housing Finance Schemes and the Realty Scenario in India, which will be addressed by distinguished and eminent speakers from the Indian Real Estate Industry. The details of these seminars are as follows.
Saturday May 27, 2006: Taxation & legal issues in property buying for NRIs – presentation by Mr. Rajan Hiranandani renowned advocate and columnist
Sunday May 28, 2006: Housing Finance Schemes for NRIs – presentation by ICICI Bank
Monday May 29, 2006: The Emerging Scenario in Indian Realty Sector – Presentation by HDFC
As this property exhibition is being organized by CREDAI and MCHI there is complete transparency and assurance throughout the entire transaction. The two organizations provide guarantee to the customers to ensure that the promised amenities and specifications are provided.
Confederation of Real Estate Developers Association of India (CREDAI)
It is the apex body comprising of all 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 liaison with government bodies to effectively represent the views and needs of the industry. It has more than 3500 members spread over more than 23 states in India.
Maharashtra Chamber of Housing Industry (MCHI)
MCHI is the member of CREDAI and is one of the premier housing and developers associations in India. Established in 1982 in Mumbai, the commercial and construction capital of India, MCHI has membership of 450 leading developers who account for 90% of the housing supply in Mumbai and its vicinity.
For Further Information Contact: Edriech@Abacus ICC
Tel: 022-22823004 / 4473. email: edriech@abacusicc.net
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