Cityscape India talks up the importance of Indian and Middle Eastern investors for its exhibition.
Informa Exhibitions, in partnership with Indian real estate event organiser Abec, will launch Cityscape India for real estate developers, home buyers, private and institutional investors, architects and real estate professionals.
The exhibition will take place from 3-5 March 2017 at the Bombay Exhibition Centre.
Eight reasons why Cityscape’s group director Wouter Molman (pictured) backs India:
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Over the last three years Indian nationals have topped the list of Dubai’s most active real estate buyers, investing US$11.9bn in the emirate’s real estate market.
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The stability of the Indian Rupee and relaxation of rules that permit Indian residents to invest overseas has further created an investment climate favourable for international real estate.
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Molman is working with Abec, one of the largest private sector organisers of international shows with almost 10 per cent share of the Indian exhibition market.
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Indian investment in Dubai real estate totalled over $5.44bn last year, an increase of 10% compared to the previous year, meaning Indian Nationals currently make up the largest non-Arab investor bracket in Dubai in terms of value and volumes.
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The average number of residential properties owned by wealthy Indians stands at four; the highest in the world as the global average stands at 3.7, according to property consultant Knight Frank.
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Indian ultra-high-net-worth individuals (UHNWIs) have reacted positively towards wealth creation and their decisions relating to purchase of real estate abroad; for example, in the last 10 years 31% of Indian UHNWIs increased their asset allocations to residential real estate.
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As Cityscape prepares to make its debut on the Indian sub-continent, it does so at a time when the country’s pro-market government is now one of the fastest growing major economies in the world, outranking China earlier this year.
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According to experts, the growth of the economy this year signifies India’s position as one of the sole bright spots in a flailing global economy.
