PR Newswire | 14 Apr, 2015
PUNE, India: InvestIndia, a platform showcasing and reaching out to NRIs in Australia and other parts of the world, with ample opportunities to invest in Indian real estate, has announced a three-day real estate expo at Rose Hill Gardens Race Course, Sydney on 5th, 6th, 7th June 2015. InvestIndia Expo is the brainchild of Consistent Media Private Limited in order to bridge the gap between Indian developers and NRIs.
According to the Ministry of Overseas Indian Affairs, India has the second largest diaspora in the world after China. Australia is among the top 10 business partners of India with investments of almost $12 billion. There are more than 4 lakhs Indians in Australia, most of them being successful entrepreneurs and members of influential pressure groups. Embarking on this opportunity, InvestIndia Expo is a step towards bridging the gap between demand and supply to carve out and organise an effective system for NRI investors and Indian developers.
Highlighting this platform, Mr. Akshay Mulay, CFO, InvestIndia, said, "With the revival in Indian economy, NRIs are more optimistic and are looking for properties to invest in. There has been a significant influx of NRI investment in Indian real estate mostly from regions like Australia, USA, Canada and UK due to revised government reforms. Also, developers are launching projects focussed towards NRIs, keeping in mind their lifestyle, trends and demands. Therefore, InvestIndia is a platform which we have launched in order to create a dialogue and an understanding with Australian consumers. Post this, we are planning to expand this franchise to other parts of the world including Singapore, Canada, USA and London."
There are estimated 25 million overseas Indians residing across 130 countries, and builders are aggressively marketing to the affluent community with lucrative discounts, and added luxury amenities to the home packages.
Currently, the market sentiment is positive with the stabilised governments at the centre and state pitching in various reforms in order to boost NRI investment in Indian real estate. NRIs prefer buying residential properties in India because they invariably assume that they may come back to India to settle down at a later stage and therefore a home here is the first option. They get tax benefits just as residents do and this too is a major incentive to invest here. In addition to this, the Indian government is also coming up with new schemes to lure investors' interest.
For more information, visit www.investindiaexpo.com .