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Recently concluded India Property 2005 Real Estate & Housing Finance Exhibition held in London and Dubai, organised by the Confederation of Real Estate Developers' Associations of India (CREDAI) and Maharashtra Chamber of Housing Industry (MCHI), revealed the fact that India is an attractive destination for real estate investment.

The exhibition was held in London from May 28 to 30, and in Dubai from June 1 to 3.Beyond IT, there are emerging sectors, like Retail Entertainment, Finance, Aviation, Tourism, Hospitality, Pharma, Medicine, Education, which are fuelling a boom in real estate in India. Collectively enticing overseas investors to take a very serious look at prospects in India.

Commenting on the success of Property2005 London & Dubai, Boman Irani, Co-Chairman - International Exhibitions, MCHI, said, "Property investment is becoming a very serious option for Non-Resident Indians and overseas investors, who see India as a strong viable destination, offering good returns.This interest was reflected in the large turnout of serious quality buyers among NRIs, at London's Olympia Conference Centre, which saw more than 3000 visitors thronging the booths of 24 developers and 2 home finance institutions.

Zubin Mehta, CEO, MCHI, said, Both the exhibitor participation and visitor attendance surpassed anything we had achieved in Dubai over the past 3 years. He further affirmed that "there is a distinct perception change amongst Non-Resident Indians in both UK and UAE; most seem committed to investing in Indian Real Estate."

India Property 2005 had developers from Mumbai, Navi Mumbai, Thane, Pune, Bangalore, Delhi, Kerala, Goa, Gujarat and Kolkata, along with financial institutions and other services, all under one roof. Ramani Sastry, President, CREDAI, was of the view that, "While NRIs, constitute one of the most powerful and affluent class in the global economic scenario, there's also strong interest in Indian Real Estate from overseas companies, who wish to enter here to set up their Indian operations.

Nainesh Shah, Chairman-International Exhibitions, MCHI, said, "India is the place today if you want to invest in property. The explosive growth in both commercial and residential sectors is driven by real demand and aided by lowering interest rates and a resurgent economy."
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