The 2010 India Realty Expo, orchestrated by the Maharashtra Chamber of Housing Industry (MCHI) in Dubai, proved to be a resounding success. This marked the 13th iteration of the expo and the ninth consecutive year it graced Dubai. Held from June 3rd to June 5th, 2010, the exhibition attracted a remarkable 2,847 non-resident Indians (NRIs). A key factor contributing to the event's triumph was the exhibitors' strategic focus on offering properties ready for immediate occupancy or with possession timelines ranging from three to six months.
His Excellency Mr. Naresh Mehta, Consul Commerce of India at the Consulate General of India in Dubai, UAE, inaugurated the exhibition on June 3rd, 2010.
Eighteen prominent Indian developers and builders participated, including Acme Housing (India) Pvt Ltd., Akar Creations Pvt Ltd., Ashiana, Delta Group, Everest Developers, Godrej Properties Ltd, Hiranandani Constructions Pvt Ltd, Kolte-Patil Developers Ltd, Marvel Realtors, Nahar Group, Nyati Group, Our Town, Pathy Housing, Runwal Group, Rustomjee, and Uma Constructions (represented by United 4 Realtors).
Mr. Sunit Mantra, MCHI President, remarked, “Looking at the 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 the Indian realtors exhibiting their properties in the Dubai exhibition with investors and genuine buyers visiting in large number this year.”
Regarding the occasion, Mr. Deepak Goradia, the Honorable Secretary of MCHI, stated, “We have seen tremendous response and turnout for the exhibition this time. Projects in Andheri, Powai, Navi Mumbai, Kandivali, Borivali, Bandra, Ghatkopar, and Thane from Mumbai and other cities such as Bangalore, Goa, and Pune 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 2/3 BHK flats ranging from 60 lacs to 1 cr.”
The outlook continues to brighten up for the future of the Indian Real Estate Industry.