Tricolour Properties LLC Dubai participated in the 2 Day Gulf News India Property Show that kicked off on the 10th Dec at Dubai, World Trade Center organized by Maxpo Exhibitions.
The event was organised in association with India’s National Real Estate Development Council (NAREDCO) and witnessed 60 developers’ participation across pan India who projected over 75,000 properties for NRIs, which ranged from land plots, mid-high-rise apartments, villas and bungalows spanned across 50 cities – tier1, tier2 and tier3.
The event started off with an inauguration ceremony hosted by some noted and prominent delegates like Mr Abdul Hamid Ahmad, Chief Editor of Gulf News, Dr Aman Puri, Consulate General of India, Mr BU Abdulla, Chairman of BU Abdulla Group and Mr Mustafa Sasa, Chairman of Raj Group.
As per the Gulf News According to the General Consulate of India Dr Aman Puri from the NRI wing is heavily investing in the Indian Real Estate Sector and Construction Business in the South Asian Nation has made its way to become the third largest industry in terms of FDI inflow, besides its estimated to see the Indian Real estate grow to a size of trillion US dollar.
Mr Paras Shahadpuri, Chairman of Nikai Group, who was also part of the inauguration believes that Property and gold continue to be two traditional assets that NRIs are committed to investing in. The Indian economy is one of the fastest-growing economies in the world, real estate is proving to be an attractive investment for NRIs. Not to mention the rupee devaluation against the dollar, which has made NRI outflow even more attractive.
Mr Rajan N Bandelkar of the National Real Estate Development Council (NAREDCO) added that the exhibition is a great platform to showcase the multitude of properties available in India. NRI interest in real estate properties, especially among UAE expatriates, has always been high. NRIs will never shy away from investing in a home in India. It is one of the basic reasons why they leave India to work overseas so that they can build their dream home.”
Our CEO Mr Arvind Ragam, Chief Executive Officer of Tricolour Properties also made some headlines. He stated that he is bringing projects worth Dh500 million to the show with 44 monthly EMI plans for the current market and In some units, we are recording average property appreciation and rental returns between 20 and 30 per cent, which is very attractive to prospective buyers.
The show saw our stall hosting and attracting the most number of visitors and potential buyers. The most unique concept was the kids adorned in traditional attire and displaying the nameplates of the 6 cities we are branched out in.
The property show will continue to remain significant to the Tricolour Dubai Team as it did give some real exposure and valuable insights into the Real Estate India sector across PAN India, and real-time experience and reality of Marketing, Sales and Customer Relations.
