MANAMA: With new regulations already in place for the upcoming real estate projects to bring more transparency, Indian real estate sector offers enormous investment opportunities to the investors including the NRIs, says a senior banker.
“If you see India’s economic growth patterns it has emerged a significant economy globally with consistent growth patterns, India’s household debt levels are very and low and the financial markets are evolving rapidly,” C. K. Jaidev, BBK Assistant General Manager, International Banking told the reporters during a Press conference yesterday.
BBK NRI Business is hosting the biggest ever Indian real estate event on February 10 and 11, which will offer more than a 1000 property options to investors.
The NRI Business wing of the BBK is presenting ‘India Property Show (BIPS) 2017’ on February 10 and 11 at the Crowne Plaza Hotel, Bahrain. Over 1000 sought after properties by top notch developers from across India will be showcased at the event.
“This event has been conceived as a unique opportunity for home buyers to meet developers first hand in order to gain valuable information about housing projects. The show also provides attendees access to interactive panel discussions where industry experts will share their views on various topics related to India’s thriving real estate market including informative and educative talks on a number of current and perennial issues related to property buying,” he explained.
Jaidev, who was joined by Mudit Mathur Head of NRI Business at BBK, described the upcoming real estate exhibition as a key opportunity for NRIs living on the island to understand the impact and benefits of investing in the Indian market.
“The timing seems just right as we have been receiving plenty of inquiries from our customers about home loans and investing in real estate. Soon, cash-rich banks are expected to further lower home loan rates, thus making real estate a very attractive investment to end-users as well as investors,” Jaidev said.
“India’s property market has markedly matured after the introduction of the Real Estate Regulatory Bill. Interest rates on home loans have been slashed and are expected to come down further, opening more doors for investing in real estate.”
“To put a figure on the possible real estate development projects to be showcased in Bahrain is very difficult as almost 600 real estate developments will be available for NRIs to invest in,” Mudit Mathur, told The24X7News Bahrain (www.twentyfoursevennews.com).
“For the first time in Bahrain a large selection of reputed companies has confirmed their participation in the show. Some of the key builders participating are ATS, Arihant, Ajmera, Brigade, Capricorn, Embassy, FS Reality, Godrej, L&T, Kanakia, Kalyan, Kolte Patil, Lodha, Mahindra, Prime Meridian, Nahar, Nyati, Omkar, Panache Buildtech, Puruvankara, Shapoorji, Shreeram Group, Tata Housing, St. Angelo’s VNCT Ventures, World Trade Centre among others. The cities in focus are Ahmedabad, Bangalore, Chennai, Cochin, Coimbatore, Goa, Gurgaon, Hyderabad, Jaipur, Kolkata, Madurai, Mangalore, Mumbai, Navi Mumbai, Noida, Pune, Thrissur, Thiruvananthapuram. Apart from offering a spectrum of investment options to match every taste and budget, we have included interactive sessions with real estate experts, tax consultants and even vaastu advisors all under one roof.”
