The three-day India Property 2007 opened on Thursday at Renaissance Dubai Hotel. Organised by the official body of the Indian real Estate industry, the Confederation of Real Estate Developers Association of India (CREDAI), and Maharashtra Chamber of Housing Industry (MCHI), the exhibition aims at attracting foreign investments from NRIs and other investors.

The show will also be held in London, at Olympia Conference Centre from July 20 –22, 2007. This is the eighth Property Show to be held in Dubai since 2002.

Rajni S. Ajmera, President, CREDAI, said: "With the boom in the economy, Indian Real Estate has emerged as a Global destination for world's top construction companies, architectural firms and allied industries seeing the huge growth potential that it offers. In line with the growing interest in Indian reality, these property shows facilitate an interaction between NRIs, reality investors and developers, all under one roof, wherein they get to know firsthand the types of properties available, loan options and other formalities required, in finally procuring their property back home."

Nainesh Shah, Chairman, International Exhibitions, MCHI , said: "Indians settled abroad are one of the most influential and prosperous communities in the global economic development and we are glad to provide them an opportunity of being part of a success story, by investing in Indian Real Estate, which is today, the growth driver of the Indian economy." According to J.S. Augustine, Co-Chairman, International Exhibitions, MCHI said, "The interest levels amongst NRIs have increased many fold in the last 7 years. NRIs have benefited immensely through our exhibitions and have bought peace of mind by making the right choice. We are proud that we have played a key role in facilitating such a process for the NRI community at large and we strive for bettering this year on year." 

"Today, with the real estate in India booming and the government's open door policy for inviting foreign direct investments into the country, there has been a spurt of Indian property fairs held abroad targeting NRIs there, to invest in properties back home. In this scenario, it becomes important to differentiate between Industry organised property exhibitions and the other property exhibitions held by fly by night operators, event companies, dot.com companies, organisers of trade shows, consumer shows and lifestyle shows." He said industry organised property fairs offer NRIs a wide range of properties, from leading and established developers who have a more organised feedback mechanism and maintain a high standard in quality of construction and delivery.
 

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