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Indian homes beckon NRIs [22nd June 2010, DNA]

 

Maharashtra Chamber of Housing Industry (MCHI) received a positive response to their ‘13th India Realty Expo 2010' held in Dubai, with 2847 NRI’s visiting the exhibition in three days during June 3 and 5,2010. Eighteen developers and builders from India participated in the exhibition.

“Looking at factors such as attractive prices of Indian real estate as compared to Dubai coupled with a lackluster trend in local markets there, turned out a bonanza for Indian realtors exhibiting their properties in the Dubai exhibition,”said Sunil Mantri, President, MCHI.

“We saw tremendous response and turnout for the exhibition. Projects in Bandra, Andheri, Powai, Kandivali, Borivali, Thane, Ghatkopar, Navi Mumbai from Mumbai and other cities such as Pune, Bangalore and Goa received a lot of enquires for residential flats. Quality of visitors was good and mostly they were affluent, focused and high end consumers. Moreover visitors showed interest in 2 and 3 BHK flats ranging from 60 lakh to 1 crore”, said Deepak Goradia, Hon. Secretary , MCHI.

“India Realty Expo 2010 held in Dubai achieved great success this year, since most of the exhibitors were offering ready properties or possessions between 3 to 6 months. We have really encouraged with the over the counter sales of 70 flats worth Rs 560 crores during the three day exhibition, said Zubin Mehta, CEO, MCHI.


 
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