Is the magic of Indian Real Estate back?
Is this the ideal time to invest in Indian real estate? Do NRI’s and PIO’s finally have a reason to cheer?
There was a time when India’s real estate sector was the hottest property for investment, with investors witnessing returns of up to 300% in a short span of three years – ie almost 100% per annum!
But post the 2003-2008 boom, the real estate sector witnessed some ups and downs, with some industry pundits terming the housing market as unpredictable. However, the tables now seem to be turning, with the current government determined to bring about reforms that would not only stabilise the market but also make it a win-win situation for buyers and developers alike. With the advent of the Real Estate Regulation Act, Goods and Services Tax (GST), the Benami Property Act and various checks in place – 2017 looks promising for those looking to invest in the housing sector.
With an increase in residential demand in 2017 and sustainable recovery based on much sounder market fundamentals, it’s the apt time for NRI’s and PIO’s to look homeward and make their dream of buying a home in India a reality.
For the past nine years HDFC – India’s leading mortgage lender has been bringing India’s top developers to the UK – and this year along with the upswing trend in the real estate market they are back with the 10th edition of the India Homes Fair – where over 200 projects will be on display from Mumbai, National Capital Region, Bengaluru, Chennai, Pune, Hyderabad, Gujarat, Goa, Kerala, Punjab, Kolkata, etc with varying options like flats, villas, plots, etc.
Speaking about the occasion Prajit Rajagopalan, Region Head-UK HDFC said: “The Real Estate Sector in India has gone through a massive transformation and has witnessed a plethora of reforms such as PMAY, GST and RERA, etc. Also with rapid economic growth, easy availability of finance coupled with high disposable income has made many Indians look favourably at buying a home of their own.
India Homes Fair has become a very well- known name in London over the last decade. HDFC Ltd has enjoyed a strong presence in United Kingdom for the last 12 years through our London branch. Since 2008 HDFC has organised 9 successful property exhibitions catering to the NRI and PIO segment. this is the 10th consecutive year.”
Talking about the 10th India Homes Fair, Managing Director of Here and Now 365 Manish Tiwari said: “Our association with HDFC has been more than a decade long. And over the years HDFC’s India Homes Fair has not just been a property show but has defined the way marketing is done to the Indian diaspora in the UK. Right from the inaugural India Homes Fair in 2008, we at Here and Now 365 have successfully organised the event for nine consecutive years. For most NRI’s and PIO’s living in the UK, owning a home back in India is a dream, which through the India Homes Fair, HDFC endeavours to make a reality.”
Starting on the 16th of September, this two-day property event will be held at the Landmark Hotel in Central London. It will be open for visitors between 10am to 7pm on the 16th & 17th of September 2017.