More Singaporeans looking to India for good property deals

More Singapore buyers are setting their sights on properties in India, according to a Q2 survey done by PropertyGuru.

The survey, which featured over 2,200 respondents found that 14% of those considering overseas property investments listed India as their top pick, behind Malaysia (37 percent) and ahead of Australia (10 percent).

Many analysts expect India’s real estate market to be relatively buoyant over the next few years.

Sunil Jaiswal, Chief Executive Officer of Sumansa Exhibitions, believes that now is the right time to invest in the Indian property market.

“The demand for property is at a high. We will again witness a rise in property prices in India in the near future and hence this is the right time to buy.”

As such, the Dubai-based events company is bringing the Indian Property Show to Singapore. To be held from 12 to 14 August at the Suntec Convention Centre, the show will feature more than 100 property projects worth US$660 million from more than 30 developers. Among the participating developers are well-known companies like Godrej Properties, Hiranandani, Ireo, Jaypee Greens, Lokhandwala, Unitech Ltd and Vatika Group.

Sunil said the Singapore event will also feature property and investment seminars which will focus on property hotspots in Tier 2 and Tier 3 cities like Navi Mumbai, Pune, Noida and Gurgaon. This will be conducted by well-known property experts, advisers and international fund managers.

He noted that property investors keen on strengthening their financial portfolios should use real estate as a hedge against rising inflation. He also said that those seeking to maximise their return on investment (ROI) should visit the Indian Property Show for some attractive deals.

Meanwhile, developers attending the event are preparing to offer a mix of ready, planned and under-construction projects, with 70 percent to be residential developments, while the remaining will comprise retail and commercial spaces.

Source : PropertyGuru – 5 Aug 2011

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