Sumo Global and Dhanush present an amazing opportunity to Melbourne NRIs to learn everything there is to know about the Indian property market
After serving Sydneysiders for over eight years, Sumo Global and Dhanush are presenting an amazing opportunity for Melbourne NRIs to learn everything about Indian properties.
Indian real estate is an engine of economic growth. The sector has forward and backward linkages with more than 250 different sectors and is the second largest employment generator in India.
The Indian economy is growing at a tremendous pace and will continue its track record of being the best performing economy in the world for many years to come.
Positive business sentiments and high consumer confidence are helping corporates make commercial investments.
India’s office space absorption stood at 36.2 million sq. ft. during 2015, which is the second highest figure in India’s history since 2011. Key performing markets were Bangalore, Pune, Hyderabad and Chennai. While in 2011 it was occupiers taking advantage of the low rents post GFC, the 2015 absorption is due to the implementation of growth plans from corporates. (Sources JLL Research).
The Indian real estate marketwas also the most preferred destinations in the Asia Pacific, as overseas funds accounted for more than 50 per cent of all investment activity in India in 2015.
NRI remittances from Australia have been growing steadily, and more and more NRIs have been investing into Indian real estate.
As an emerging market, India offers significant value to the investors. Whether you are NRI, PIO, OCI or someone who was born here but has parents with lineage from India, you can invest in the Indian property market.
In the past few years, a number of Indian developers have been very active in the Australian market but some of them are about to take the next step and open their offices.
One of the highlights of the Sumo Global and Dhanush event will be first time participation by Ozone Group. A diversified conglomerate with presence in hospitality, agri-business, sport and real estate, Ozone Group is one of the fastest growing real estate companies. Ozone has successfully delivered five million sq.ft. and over fifteen million sq. ft. is under development. Ozone Group has achieved close to $1billion USD worth of sales and has major focus in delivering large scale, self-sustained, integrated urban centres with urban infrastructure. Ozone Group currently has project presence in Bangalore, Chennai, Mumbai and Goa.
Besides Ozone Group, there will be number of other Indian Developers such as Godrej Properties, Tata Housing, Mahindra Lifespaces, Ajmera Realty, Puravankara, Lodha, Sobha, Mantri, WTC, and Amanora showcasing their projects.
With over 100 projects on offer and many experts present to advise on tax structuring, funding from Indian banks, use of equity from Australian properties, self-managed super fund, repatriation of funds and property research this is going to be an exceptional opportunity for the NRIs to get most updated information on the Indian real estate sector.
According to India Events CEO, Vishal Gupta, the decision of buying a property in India is driven by many factors such as personal need, family use and for some it is an investment in a growth market.
It is imperative that one is clear about the requirements and has realistic expectations. One has to weigh the market options and only choose reputed developers with solid track record. This event will provide a genuine opportunity for anyone looking to buy a property in India.
Come visit us at the Indian Property Exhibition on 28 and 29 May at Radisson on Flagstaff Gardens. We will have over 100 projects on offer from across India. Clients can register by visiting http://www.indiaevents.com.au/ or call 0449 601 150