Real estate has become one of the preferred asset classes for most non-resident Indians (NRIs) after a brief lull caused by the global pandemic, industry experts have said.
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Read the full story here: https://gulfnews.com/business/property/gulf-news-india-property-show-real-estate-sector-projected-to-reach-1-trillion-by-2030-1.92622791
See more videos at https://gulfnews.com/videos
Read more Gulf News stories here: https://bit.ly/2HLJ2km
Subscribe to Gulf News on YouTube and watch more of our videos: https://www.youtube.com/user/GulfNewsTV
#UAEnews #india #realestate
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NewsTranscript
00:00Following the massive success of the India Property Show last year, organisers Maxpore
00:12Exhibitions are back here again.
00:15Over 70 developers from India are here to exhibit nearly 20,000 properties across 50
00:22cities of India.
00:23This is our second edition with Gulf News, so it's the biggest India Property Show currently
00:28in Dubai with about 70 plus developers participating across India.
00:34Close to about 15,000 to 20,000 properties are for sale from 50 cities across India.
00:39Last year was a phenomenal interest and we sold about close to 120 crores of inventory,
00:47that is about 50 million dirhams in two days of exhibition.
00:51All thanks to Gulf News because of the brand credibility, so people do look forward and
00:58people bought properties.
00:59In fact, post sales, we had a discussion with a couple of customers who bought during this
01:05exhibition.
01:06We were quite happy with the quality of developers we bring in from India.
01:10If you look at the overall picture of the real estate sector in India, 2022 has been
01:16an amazing year.
01:17If you look at the investment from the private equity, the investment firms, the infrastructure
01:22and the real estate trusts, it's been close to $48 billion as compared to about $29 billion
01:29till date.
01:30So, that reflects the confidence of the investors into the Indian real estate market.
01:35You know, this market is currently about $200 billion and by 2030, it is expected to grow
01:40to a size of a trillion dollars, employing about 70 million people.
01:45You know, with 1.35 billion people, surging demand, growing economy, we see there's huge
01:53uptake within this sector and we are seeing a lot of investment of FDI into India.
02:00Real estate has always been a very important thing, particularly for the Indian Indians
02:05as such.
02:06Real estate is to stay in a very big way, particularly with this dollar rupee rate.
02:14And expatriates are always aiming at having at least one property for themselves.
02:22And nowadays, even properties for investment are also a very good deal.
02:27Today, every Indian has a dream to have his one home back in India.
02:33So, that's why we are here coming as collectively and giving them a great opportunity with sense
02:42of trust and responsibility.
02:44We are coming from India, from the ventures of Hyderabad, Vizag, Mumbai, Darbhanga, Patna
02:52and also we are focusing on NRI clients, where we can expand, explore and invest in Dubai.
03:00We are main focus for the open plots and also we are in the villas and also with the apartments.
03:06So, anyone wants to invest in not only the UAE and also in India, we are the right target
03:14for Tricolor.
03:15We are from Delhi NCR, Gurgaon and if I talk about real estate market, about Delhi NCR,
03:20we have got a lot of influx of investors towards our city because most of the 500 fortune
03:27companies are there.
03:28They have their offices.
03:29So, that increases the demand of residences in our city.
03:33So, we have brought up Project Tulip Mansara, which is one of the tallest buildings you
03:37will have on the Gold Coast Road.
03:39And we are sufficing the demand of the millennials and the new gens today.
03:45We are into customized bungalows.
03:47We have just participated in Gulf News, Maxco exhibition and we are getting a lot of tremendous
03:53crowd coming in and lot of business is happening over here and expecting to have at least 10
03:59to 12 numbers by tomorrow evening.
04:02We are offering customized villas starting with 69 lakh rupees till 2 crores.
04:07The best part of our villa is we are coming up with the world's first hanging resort.
04:12You can see the picture over there.
04:14This is the world's first hanging resort.
04:16All rooms are offering 4 rooms and you get a guaranteed ROI of 12% monthly basis and
04:24investment is just 5 CR.
04:26I come to the exhibition today because I have been considering, you know, of investment
04:32back home.
04:33It would be a second house buy for property, residential property, yes, back home in Pune
04:41and yes, let's see.
04:43I am exploring some options out here in the exhibition and probably something excites
04:48me, definitely I might even sign it up.