India property an investment to build on
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Indian expatriates are eyeing investments in property back home as the rupee has been weakening considerably. Satish Kumar / The National
Gopal Darak is an engineer in Dubai and is looking to buy property in western India near his home town Pune as an investment.
"I visited six to seven developers," says Mr Darak who visited the India Property Show in Dubai last week. "There are few names [that I have heard of]."
The exhibition is among an increasing number of Indian property shows in Dubai that caters to expats. Last year, there were at least five shows on the Indian property market. So far this year, there have been three with India's largest private sector lender, ICICI Bank, and the Times of India Group organising similar exhibitions.
For the developers, it is a cost-effective way of promoting their projects, which are usually in the higher price range of 3.5 million (Dh225,000) to 10m rupees.
