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Realty India Expo offers options to NRIs

India's realty sector is projected to grow at 30 per cent over the next decade

The Realty India Expo, which is opening tomorrow at Crowne Plaza on Sheikh Zayed, will showcase a range of options for Gulf NRI realty investors at a time when the country's real estate market is poised for a major turnaround.
Property developers from across India will provide multiple investment opportunities at the two-day show as Asia's third largest economy experiments with the path-breaking Rera and GST implementation, Inayath Sait, managing director of Mindscape Exhibitions, the main organiser of Times of India Realty Expo 2017.
Sait said the Indian realty sector is projected to grow at 30 per cent over the next decade while the market size is expected to hit $180 billion by 2020 from $93.8 billion in 2014. Key factors attributed for the upswing include emergence of nuclear families, rapid urbanisation and rising household income, he said.
India requires 110 million housing units by 2022 with an investment value of $2 trillion, according to a recent joint survey by NAREDCO and KPMG. - issacjohn@khaleejtimes.com