Indian real estate business growing to newer heights

The widest range of Indian properties has showcased at the Times Realty India 2012 exhibition at J W MArriott Hotel, Deira, Dubai on Thursday and Friday, organisers said. Organisers of the show are from The Times of India Group, the leading media conglomerate, with interests in the print, television, out of Home, Radio and online media. The Group houses, amongst other brands: Mindscape Exhibitions - India’s leading Event & Exhibitions Management Group and the Confederation of Real Estate Developers’ Association of India (Credai) Kochi. A press conference was held to announce show at the same hotel on Wednesday and was addressed by M Zia Sait and MI Sait, both from Kochi Credai, an association of builders. Credai is the apex body of organised real estate developers representing over 6000 developers through member associations spread across 20 states of the country. It promotes real estate development in Kerala with a national impetus. Credai Kerala, the Kerala chapter of Credai, comprises a league of developers and builders who have over the years earned a reputation among buyers and investors. Credai Kerala Property Show at the J W Marriott Hotel - Deira, Dubai, brings the leading builders of Kerala under one roof, and is a unique venue to choose your dream home in the choicest locations of Kerala, Sait said. “The real estate business is growing to newer heights; real estate business in India has emerged as one of the most profitable businesses in the recent years. Investing in Indian real estate is sure to fetch you a rewarding deal as the returns on investment are at an all time high. The real estate business has attracted several foreign investors. This has created a domestic and a global competition for investments,” Sait added. The Central Statistics Office, Ministry of Statistics and Programmed Implementation have estimated an 8.5 per cent GDP growth for 2011-2012, against the initial projection of 8.6 per cent. This means that the Indian realty has outperformed the primary investment sectors.  Investment into residential property projects is currently the preferred route for investors, since the demand for homes in the metros and Tier II cities is virtually limitless. Commercial and retail spaces also present potentially lucrative investment propositions, especially in the larger cities, he said. Residential property investment is comparatively low risk, while retail is a moderate risk/returns option. However, capital values are higher in commercial and retail spaces, so they represent larger investments. Moreover, it is more difficult to exit in the case of commercial spaces, Sait added. Mindscape Exhibitions was started from Dubai in 2002, we have delivered 163 events and hosted over a quarter of million guests across the spectrum of exhibitions, trade fairs, congresses, conferences, consumer fairs, product launches, award shows, brand activations and corporate interactive.