NRIs in UAE gearing up for 2nd India Real Estate Show

The second edition of the India Real Estate Show (IRES) will be held on October 18 and 19, 2019, at the Jumeirah Emirates Towers, Dubai.

The 2018 edition generated more than AED 235 million (INR 450 crore) worth of business, said sources.
The 2018 edition generated more than AED 235 million (INR 450 crore) worth of business, said sources. Photo courtesy: Wikmedia

Hosted by UAE daily Khaleej Times, IRES 2019 will assemble some of India's biggest real estate players and UAE's non-resident Indians (NRIs) as well as other foreign investors in the country to discuss the Indian real estate sector and overseas financing options, among other matters. Over 5,000 serious buyers/investors and 50 real estate developers showcasing over 100 projects are expected to take part. 

The 2018 edition generated more than AED 235 million (INR 450 crore) worth of business, said sources.

"For most NRIs, real estate will remain one of the favourite investment options in India due to a number of reasons like higher volatility across other asset classes and significant improvement in the regulatory environment in the sector," Venkatesh Gopalkrishnan, Chief Executive Officer, Shapoorji Pallonji Real Estate said.

Experts stated that real estate was considered one of the most preferred assets for NRIs and there was a 15 per cent growth in NRI investments in India last year. 

UAE is one of the biggest sources of NRI investment into India, which accounts for 20 per cent of the total, followed by the US (18 per cent), the UK (7 per cent) and Canada (6 per cent).

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CtoI News Desk
CtoI News Desk – CtoI

Singapore-headquartered online media company targeting Indian Diaspora across Singapore, US, UK and Dubai. Connected to India covers developments around Indians abroad, informing, engaging and entertaining its audiences.

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