DUBAI/ MUMBAI, 06 JUNE 2016: Indian real estate is among the top investment options for NRIs and PIOs, something that was apparent at the Indian Property Show, Dubai, UAE on June 2,3 and 4 this year.
“The political stability coupled with transparency in Indian real estate, as also price points and favourable rupee movements resulted in UAE-based NRIs visiting the Indian Property Show, Dubai in large numbers. At the stall where Hiranandani Communities offered residential real estate options in Panvel (Mumbai Metropolitan Region) and Oragadam (Chennai), we logged many serious enquiries,” said Niranjan Hiranandani, MD, Hiranandani Communities.
The test of any property exhibition is in the number of site visits and appointments for consultation which follow the property expo. These translate into actual sales post the event. This June, at the Indian Property Show, Dubai, Hiranandani Communities showcased offerings that received a positive response from walk-ins during the expo. “Across the next month, we expect to see serious enquiries and follow-ups translate into actual sales,” said Niranjan Hiranandani.
For NRIs and PIOs wanting to own a home, back home in India, the stall where Hiranandani Communities exhibited their real estate offerings was an opportunity to inquire about properties from India. The three-day event was a success story, the walk-ins signified its popularity amongst NRIs and PIOs in Dubai as well as other Emirates.
Terming the response as ‘good’, Niranjan Hiranandani said there were a good number of walk ins in the three days of the event. “The target group was mixed age group of young, working class, second generation and HNIs of Indian origin,” he added. A section of those who visited the stall where Hiranandani Communities had exhibited were interested in the investment aspect, while most expatriates were looking out for homes in India to return to. “One segment was looking for property which they could buy to shift back and settle in cities like Panvel (MMR) and Oragadam, Chennai,” he added. Those working in the Information Technology sector and the Banking and Financial Services industry comprised a large segment of serious enquiries at the venue.
From the perspective of Hiranandani Communities and their marketing activities in the UAE as also the GCC Countries, the event resulted in a good over-all response amidst positive sentiments.