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24 April, 2024 15:20 IST
'Dubai based NRIs rush to invest in Indian real estate market'
Source: IRIS | 20 Feb, 2015, 11.44AM
Rating: NAN / 5 stars.
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Square Yards Consulting, one of India's fastest growing real estate consulting firms, introduced India's leading property developer, Ozonegroup, to NRIs in Dubai, at the Dubai Realty Revelry. The two-day event was held on February 13-14, 2015 at Hotel Four Points by Sheraton in Downtown Dubai, with Square Yards showcasing the top properties developed by Ozonegroup in Bangalore, Chennai and Goa.

Catering to a niche target, the expo witnessed Square Yards generating transactions worth Rs 250 million and a business of more than 50,000 square feet in two days for a single developer. The Dubai Realty Revelry provided a platform for NRIs to invest in Indian real estate market to avail the opportunity to translate their investments of Rs. 17 lakhs to up to Rs 42 lakhs in a span of about two years. Ozonegroup presented its prime upcoming properties at the show and the floor was open for the audience to invest in their homeland.

Expressing his delight at the grand success of the event, Tanuj Shori, founder & CEO of Square Yards said, ''In today's fast-growing real estate market, the lack of reliable information amongst investors becomes a major hindrance for them to purchase properties. Through the Dubai Realty Revelry, Square Yards has accomplished bridging the developer-investor divide by providing both parties a one-of-its-kind platform to interact with each other directly.''

''By partnering with Ozonegroup, we are in the process of reaching out to the NRIs in Dubai to look for investment opportunities in India. We will organize such property expo in other locations as well in the near future.'' Shori added.

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