India property expo hopes to garner Rs 150 cr in Singapore

Source:Press Trust of India / Singapore April 24, 2010, 14:18 IST

Some 600 Indian property projects are on display in Singapore this weekend, hoping to attract interest and Rs 150 crore of investment from Non-Resident Indians in the city state.

The two-day property exhibition, "Realty India 2010", is offering apartments, condominiums and villas within the price range of Rs 5 lakh to Rs 5 crore, said Chairman M I Sait of the Sait Group of Companies, which organised the exhibition, today.

"We are expecting to handle some Rs 150 crore worth of transactions from this Singapore property showcase, having handled Rs 80 crore transactions in our 2008 exhibition," he told PTI on the sidelines of the exhibition being held in the shopping belt of Orchard Road.

"We have a wide range of property on exhibit, suitable for NRIs to invest in houses in India," he said after inaugurating the exhibition this morning.
   
The exhibit showcases projects of top developers, including Emaar MGF Land and the Indian Real Estate Opportunity Fund (IREO).
   
The Times of India exhibition has travelled to Singapore from Bahrain, where it was held in March.
   
Sait said the show will be held in Qatar in June, London in August, Canada in September and Australia in October.
India property expo hopes to garner Rs 150 cr in Singapore