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India Property Exhibition 2013 — investing in the right property at right time and right price
October 23, 2013, 3:45 pm

Indus India Property Exhibition 2013 will be held on 25 and 26 October at the Ramada Hotel, Al Riggae , Kuwait from 10.45am to 8.30pm. The two-day exhibition is an ideal opportunity for NRIs looking for investment in real estate India as they would have access to first-hand information on upcoming and current real estate projects across India.

The real estate sector in India is currently undergoing a self-organization from being a highly unorganized sector. This has been one of the most crucial factors for India gaining its status as a highly favored investment destination through FDI and funds.

Facts and figures from the Indian Real Estate sector reveal that the estimated size of the organized Indian real estate sector accounts for USD 12 billion of India's USD 600 billion economy; just 2 percent less when compared to mature economies. It is estimated that the real estate sector has the potential to touch USD 90 billion in 10 years.

The real estate prices in general are on the upswing in all markets across sectors since last two years and moreover the trend of owning exclusive properties like beach houses, homes in the hills, near religious centers etc is growing fast.

Returns from real estate investments in India have consistently performed well and even outperformed the other investment options. Easy home loan availability by financial institutions in India, NRI remittances and repatriation procedures has emerged as the best of all the available prospects for those NRIs looking forward to eventually returning to India.

Relaxation of FDI rules by the government has brought about capital gains in every sector of Indian economy. The government is making efforts to further liberalize the guidelines and norms for investment through FDI, making them more NRI friendly.

The policies set out by the government regarding property investment and repatriation, has also made opportunities of investments in India even more favorable. Under the present relaxed conditions, Non-resident Indians (NRI) and persons of Indian origin (PIO) can invest in property in India.

NRIs can acquire residential/ immovable property in India, rent it out, transfer or sell it. They can also take the rental income and capital investment in the property outside India, subject to the foreign exchange regulations.

The NRI/PIO may use his own funds to acquire immovable property; other than the option of availing home loan from bank for this purpose. Moreover, they can remit sale proceeds outside India for up to two such properties without any RBI approval. Remittance for subsequent properties requires RBI's approval. In case the property is acquired from rupee funds held in India, the remittance depends on the holding period of the property.

The two-day Indus Property exhibition is co-sponsored by L & T Reality, Dewa Projects and brought to you by Indus Fairs & Events (India) PVt. Ltd. and Response Events & Exhibitions, Kuwait. Special exhibition and festival offers are being extended by majority of the participants for NRIs in Kuwait booking their property during the exhibition.

Investments in Indian real estate across the sectors is proving highly lucrative. For instance, in  the residential sector the  cost of mortgage rates came down from 18 percent to 8 percent in the last 5 years. While in the commercial real estate, IT space leasing continues to boom with 12 million sft leasing in Bangalore, 6 million sft in Mumbai and 7.7 million sft in NCR (National Capital Region) in this year till date. Meanwhile there is large pent-up demand from the retail sector with organized retail, which accounts for just 2 percent of the USD 200 billion sector, expected to grow from USD 4 billion to USD 15 billion. Also, in the hospitality sector , both domestic and International operators are planning to invest in 3-4 star category hotels. India requires another 75,000 to 1, 00,000 rooms in the next 5 years.

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