KUWAIT CITY, Jan 15: Realty India 2010 provides a wide variety of property selections in one location, and it is an opportunity for Indians in Kuwait to look at various options without having to travel vast distances in our great country, said Indian Ambassador to Kuwait Ajai Malhotra.
The ambassador was speaking at the opening ceremony of the realty show, said to be the largest gathering of Indian real-estate properties under one roof in Kuwait, that began Friday at Ramada Hotel in Riggai.
The ambassador further added that if expatriate Indians in Kuwait want to decide between buying a property in Bangalore or Chennai or Goa or Delhi, rather than visiting all these different places, they can easily do so by coming to the show.”


The two-day show that will last until Saturday 8 pm was declared open by a ceremonial scissoring of ribbon and lighting of the traditional auspicious lamp by the ambassador.
Presented by Indian media behemoth Times of India and organized by Mindspace Events and Exhibitions, in association with Response Events and Exhibitions, Kuwait, the Realty India 2010 exhibition showcases over a thousand properties from more than 30 reputable and leading Indian real-estate developers.
Offering everything from luxury villas to budget-friendly apartments, from resorts for avid golfers to sports cities, from beach resorts to bungalows in the hills, in addition to various financing options, the Realty India 2010 show is a well-planned, high-profile integrated property exhibition.
With properties on display specifically selected to be of potential interest to NRI audiences, and with property choices ranging from high-end luxury villas to affordable properties priced around Rs1.2 million, the exhibition has a wide array to suit every budget and lifestyle.
Among the real-estate developers participating at Realty India 2010 are renowned builders like Unitech, Tata Housing, Supreme, Royal Palms, Jaypee, IREO, Emaar MGF, Ekta and a host of others including housing financing giant, HDFC.
Speaking about the event, Ajay Parashar, Chief Manager, Times Response, a division of the Times of India Group, said the presence of a large number of Indians from all over the country made Kuwait an attractive option for realtors having property developments across India.
He added that with investment opportunities in real-estate expanding rapidly, now, is a good time for Indians in Kuwait to be actively involved in investing in Indian property market.
Indian real-estate is once again proving to be among the most rewarding investment opportunities. A survey commissioned by Barclays Wealth and conducted by the Economist Intelligence Unit in September 2009, showed the growing appeal of emerging markets as property investment destinations, with India listed among the top-five countries in the priority list.


Property consultants Jones Lang LaSalle Meghraj predict that India is expected to outperform global markets with growth rates of more than 7-10 percent. Local demand is also fuelling a huge interest in affordable homes, to the tune of 25 million additional housing units in urban India alone. As this momentum grows, Indian developers are moving out into newer areas, building a wide range of properties with features and amenities to suit all budgets.
Speaking on the sidelines of the show, Rajkumar, Executive Director Mindspace, said, “After being marred by the economic decline during 2008, real-estate has experienced a sharp rally since March 2009; this resurgence has mainly been on the back of increased sales volume in the residential segment.
“This is evidence of further confidence in the potential for growth in Indian economy is the increasing inflow of Foreign Direct Investments to the country. For its part, the Indian government is also investing large amounts of money in infrastructure development that create more jobs, which directly or indirectly fuels real-estate growth.” - Arab Times