Make a smart investment in a smart Indian city

The property investment exhibition will showcase premium projects, where over 70 elite developers will come together to shine the spotlight on some of India's finest properties in an exclusive space.

With the Indian government easing NRI investment norms considerably, there cannot be a better time to look at real estate opportunities in India's smart cities - Chennai, Mumbai, Hyderabad, Pune, Bangalore and more.

This weekend, 99acres.com presents the Indian Property Investment Exhibition which brings to Sharjah the best residential and investment options from leading Indian real estate brands in India's smart cities.

The property investment exhibition will showcase premium projects, where over 70 elite developers will come together to shine the spotlight on some of India's finest properties in an exclusive space.

The expo focuses on giving visitors a platform to learn more about the Indian real estate market. The expo is also a platform for NRI investors to review an exclusive display of affordable, luxury and ultra-luxury homes in various stages of construction such as ready to move-in, pre-launch or on-going.

The timing couldn't have been better for NRIs looking to make real estate investments back home. Earlier this year, the government approved a proposal allowing investments made by NRIs to be deemed as domestic investments on par with resident investments. Also, the Reserve Bank of India has considerably eased investment norms for NRIs/PIOs who want to invest in real estate. On the taxation front, wealth-tax has been abolished. On the capital gains received from selling immovable property, the cost inflation index will enable NRIs to minimize tax liability.

According to a background paper by KPMG (India) and the National Real Estate Development Council (NAREDCO), the real estate and construction sector in India is expected to be the third largest globally by 2030.

The paper that was released recently also reveals that the sector is expected to contribute over 15 per cent to the India's GDP and emerge as the largest employer in India, thus providing employment opportunities to over 75 million people.

With India's urban population projected to increase by 40% - over 580 million - by 2030, the paper highlights several government schemes (Smart Cities, Housing for All, AMRUT, HRIDAY etc.) as well as policy support (Real Estate Act, REITs, GST etc.) to cater to the demand.

The real estate sector in India is on an upward trend. In the April-June 2016 quarter, homes sales in India's top nine cities rose by 8 per cent. There has been a surge of sales, especially in Pune, Bengaluru and Mumbai, together accounting for 61% of the total sales in Q1 FY17.

Moreover, the government announcement for the development of affordable homes seems to have given a boost to a slew of new launches in the last quarter. According to a report by Cushman & Wakefield, a steady demand for affordable housing combined with the government's efforts to increase its supply has led to a doubling of new launches in the segment in the first half of 2016. The number of new launches in the affordable housing segment increased nearly 100 per cent per year to 17,000 units across top eight property markets in India that include Mumbai, Pune, Bengaluru, Chennai Kerala and Hyderabad.

The report states that Pune recorded the highest supply of affordable housing at 1,170 units, followed by Bangalore at 4,155 units. Mumbai, on the other hand, saw the highest number of total launches in the first half of 2016. Over 12,000 units were added to the residential sector across all categories, followed by Bengaluru with approximately 11,000 new residential units launched.

In Hyderabad, the real estate market is on an upward swing with the government trying to instil a positive sentiment with a slew of infrastructure initiatives and policies.

The expo will see builders with projects in these smart cities. The Participants include: Sobha ltd, Godrej Properties, Lotus Greens, Vertex, Dream Valley Group, Puravankara, Baashyam, Mahindra Lifespaces, Nyati, Gurukrupa and many others.

The expo, presented by 99acres.com, has been organised by Brand Managers. Head to Sharjah Expo Centre, Al Khan area at Taawun street, opposite to the Al Arab mall , on March 24th & 25th , 2017 to find the right investment option for you.

For further details, visit www.propertyinvestmentexpo.in or call 0527801060. Entry to the expo is free.

Special attraction on Day 2 - Meet UAE's most awarded and celebrated RJ Kritika - as she arrives at the Indian Property Expo - held at Sharjah Expo Centre Hall 2on March 25, 2017 at 4:00pm.

Also, the first 100 visitors get to walk away with amazing vouchers from Libas Riyaz Gangji and witness a live shoot too.

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