Top real estate developers from across India are taking part in a property show here which is being described as a “perfect opportunity” for NRIs living in the UAE to invest post-demonetisation.
The three-day show is playing host to top developers across India with thousands of various properties ranging from apartments, villas, row houses, plots, commercial to retail properties to suit their budget.
For NRIs residing in the UAE, the Indian Property Show is more than just a real-estate exhibition,” said R Srividya, General Manager Corporate Sales and Brand Engagement, Indian Property Show at Sumansa Exhibitions.
“It is a perfect opportunity to touch base with the latest happenings and updates on the real-estate front back home-particularly now that we are witnessing several important measures that have impacted the realty industry directly and indirectly, he said.
“For NRIs, these changes herald good omen since many builders are already adopting 100 per cent transparency policy and cheque payments, which obviously boosts the trust level between the two parties, Srividya added.
“The implementation of Real Estate Regulation Act (RERA) rules, have also been instrumental in bringing professionalism, standardisation and transparency in real-estate sector. This, along with the recent wave of demonetisation has helped the Indian realty industry emerge more transparent and buyer-friendly,” he said.
With RERA Bill in place in particular, NRI consumers will no longer have to deal with delayed possession, fluctuating prices and diversion of funds towards other projects – to name a few – instilling confidence in the Indian developers and the country’s real-estate sector.