Indian Real Estate Expo to Be Organised In USA to Attract NRI Buyers

The Times of India is organizing the first ever realty expo in USA titled 'Your Gateway to India 2010' to enable NRI Indians to invest in India's booming $1.2 trillion economy. The Realty Expo will be held in Santa Clara on May 1-2, 2010 and on May 8-9 in Edison, New Jersey - two major hubs for NRI Indians in USA. Twenty leading developers will showcase their residential projects across India. The A-list developers participating include the Hiranandani Group, DB Realty, The Wadhwa Group, Nahar Group, Rustomjee, Godrej Properties from Mumbai, Jaypee Group from Delhi, Paranjpe Constructions from Pune, Confident Group, Reddy Constructions, Mantri Developers from Bangalore & Vijay Shanti from Chennai among others. Commenting on the first ever realty expo in the North American markets, Sujoy Ghosh, Director, Times of India, said, "Given the long term growth story of India, real estate is probably one of the best asset classes for NRI Indians to enter at this point in time.

We have put together a delegation of some of the finest Indian developers to showcase their projects to Indian Americans in New Jersey and Santa Clara. We are sure that Indians settled in America will find the platform engaging and enable them to make the right real estate investment decision". Nipun Jain, Senior Manager, MRICS, Colliers said,"Lately, many NRIs are planning to come back to India and are actively looking for properties for investment. They rent these properties till their return and use them later for their accommodation. Forums like these provide excellent opportunity to NRIs to meet developers face to face and understand about property in detail before buying."