Dec 4, 2013; Dubai, UAE……………..Indiabulls Real Estate, one of the largest real estate companies in India, with their offices in Dubai has shown positive growth signs ever since the launch of its operations in Dubai last year. Last quarter have shown around 25% contribution from the GCC based NRI's to the overall business booked by the company. In addition, Indiabulls expects to close deals worth more than USD 18 million (approx. Rs. 100 crores ) at the upcoming Indian Property Show scheduled to take place in Dubai from Dec 19-21, 2013 at Dubai World Trade Center.
“Opening of Representative office in Dubai last year marked the company's entry into the International market. We followed that with our agreement with Doha Bank in Qatar and alliances with channel partners across GCC. Alliances with Banks and financial institutions have been concluded to offer Homeloans to the NRI community along with a personal loan from a local financial institution. The clear strategy has been to offer end to end solutions to the expatriate segment giving investment options as well as financial solutions. The idea has been to reach out to the customer, offer convenience of dealing and comfort in decision making, said Mr Santosh Tandel, Regional Head – MENA Region, Indiabulls.
“During the last edition of Indian Property Show (IPS) we had surpassed our targets during the event and would like to touch a new high during this edition. IPS has been one of the best property exhibitions which provide opportunity to the customers to get best of the deals and to the developers to meet some the most knowledgeable NRI investors. It's a venue that gets some of the best developers under a single roof thus ensuring a reason for the Indian expatriates to be assured of the quality of their investment decision. We have experienced a positive growth in numbers over the past couple of years at IPS and look forward to some great numbers this December too; the aim would be to exceed Rs. 100 crores worth of business” , added Santosh Tandel.
“Our experience has been that good products at good price points are well accepted by the customers. GCC market has the ability to absorb unit with prices from 20 lacs to 20 crores. The only thing is that the customer needs to see value. Our Sky forest project with an average ticket size of 7-10 crores got a huge response from the NRI community. BLU which is our premium project has been positively accepted by the customers given the sheer benefits offered to the customers who wish to reside in an iconic project at one of the best of the locations across India. BLU with just 330 residential apartments across 10 acres offers the quality that the elite NRI's across GCC deserve. Chennai and Panvel have been a perfect investment destination for the mid size investor. The pieces are falling in place with regard to Panvel airport which should see significant activity by the next quarter. Chennai as a city has experienced a decent growth in the infrastructure thus ensuring property prices grow steadily over years”, he further commented.