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Mega India property show now underway in Kuwait
October 25, 2013, 4:17 pm
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India Property 2013, the premier exhibition of properties from across India, was inaugurated on Friday Oct 25 by Ajay Sinha, the Air India Country Manager in Kuwait.  Prominent Indian community members were also present at the inauguration The two-day exhibition, which is open from 10.45am to 8.30pm on Friday and Saturday, witnessed a huge turnout on the first day of the show. Showcasing more than 100 prestigious projects from over three dozen reputable and leading Indian builders, the show is an ideal opportunity for exploring and understanding the lucrative potential of real estate sector in India.

As an investment medium, the Indian real estate sector is among the most attractive options available in the country. Market indicators are pointing to a steady resurgence in Indian real estate, and the sector, which employs more than 300 million people and has over 6,000 affiliate developers, is poised to contribute 3 – 4 percent towards India’s GDP.

Investment in Indian real estate has always been highly attractive because of the huge pent-up demand for housing in the country.  A recent conservative estimate places current demand for over 25 million housing units in urban India alone, in addition, projections point to nearly 70 million Indians demanding new housing by 2015. This persistent need for housing, together with demand for real estate from commercial, retail and hospitality sectors, clearly indicate  that real estate in India will continue on an upswing in the years ahead.

Non-resident Indians in Kuwait looking to invest in Indian real estate can also avail of inherent tax benefits. For instance, besides income tax and wealth tax exemptions for one self-occupied house, residential units if leased for a minimum period of 300 days in a calendar year are exempt from wealth tax.

The India Property Exhibition 2013 offers properties to suit every budget and lifestyle, and provides Indians looking to invest or buy property in the country with the widest selection of properties, prices and places, all under one-roof. The presence of leading builders with a reputable track-record also guarantees visitors to the show that in addition to the wide choice in prices, the properties on display carry the hallmark of quality construction and reliable delivery.

The two-day exhibition is presented by Indus Group, a leading organizer of exhibitions in India and abroad, in association with Kuwait’s Response Events and Exhibitions. During the exhibition period many special and exclusive offers are being extended to NRIs in Kuwait by majority of the builders participating in the show.

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