Dubai to host ‘Times Realty India -2012’

More than 70 builders from Indian states will showcase their properties at Times Realty India -2012 event to be held at JW Marriott Hotel, Deira, Dubai on Friday and Saturday (Sept.28 and 29, 2012), organisers said. The event is organised by The Times of India Group, the leading media conglomerate, in association with Confederation of Real Estate Developers’ Association of India (CREDAI), Kochi and Mindscape Exhibitions Pvt Ltd, India’s leading Event & Exhibitions Management Group. The Times of India Group’s businesses span across the print, television, out of home, radio and online space A press conference to announce the show was held at Marriott Hotel on Tuesday and was attended by M.I. Sait, Managing Director Mindscape Exhibitions, Directr Zia and associate Pooja. M.I. Sait said: “India’s real estate sector is expected to grow to a $180 billion industry by the year 2020 as per the Confederation of Indian Industries (CII). With rising urban population and a growing economy driven by a growing services sector, the fundamentals for the growth of the Indian Real estate industry are strong.” “With the Real Estate sector opening up for Foreign Direct Investment (FDI) in 2005, several foreign and domestic funds have invested in Indian Real Estate sector. Until 2010 nearly 27 per cent of all the PE investments made in India were in the Real Estate and Infrastructure sector. Traditionally Indian Real Estate sector was dominated by regional players with limited expertise and sources of funding. But today, various channels of financing are available to the sector like PE funds, External Commercial Borrowings (ECB), Qualified Institutional Placements (QIP), Initial Public offering (lPO) and offshore listing to name a few,” he added. “Also, the presence of foreign funds in the Indian market and strict regulation by Reserve Bank of India (RBI), transparency levels have increased in this previously unorganized sector. This has also brought in the much required stream-lined approach towards construction and project delivery,” Sait said. Zia added that on the demand side, the Net Employment Outlook for Q3 2012 remains positive as per HR Consultancy firm Manpower. From gulftoday