2nd edition of International Real Estate Expo (IREX) 2016 to be held in New Delhi

New Delhi, September 16, 2016: The second edition of International Real Estate Expo (IREX) will be held from 7th to 9th October, 2016 at the Ashok Convention Hall, Ashok Hotel, New Delhi.

IREX is an annual show that presents investment avenues for high net worth and wealthy individuals who intend to invest in international real estate and premium luxury properties. IREX 2016 will have participation of leading international real estate developers and marketing companies and is expected to draw more than 5000 visitors.

IREX will present investment opportunities in Residential, Commercial, Retail, Hotel & Leisure sectors. Leading international companies involved in community and master development, residential & commercial complexes and hospitality groups will be exhibiting their latest projects. Real Estate Investment opportunities in US, Canada, UK, Europe, UAE, Sri Lanka, Thailand, Australia and New Zealand will be showcased at the show.

Some of the major participants at IREX 2016 are Damac Properties, Al Marjan Island and Rak Properties from UAE, Century 21, Berkeley Homes and Ballymore from UK, Compass from USA, McMillan Hathaway from Australia, Patroclos and Korantina Homes from Cyprus, Dusit Thani from Sri Lanka, Angel Real Estate from Thailand, among others.

Indian residents are increasingly looking for good realty investment opportunities abroad. Due to the downturn in the Indian real estate market, investors are exploring new avenues to invest. As per the recent wealth report of a reputed London based firm Knight Frank, India’s high net worth individuals are heavily investing in real estate in other countries; and their numbers have grown 166% in the last 10 years. Almost 50% of all India’s UHNWI & HNI have foreign real estate in their portfolios, which is highest in the world.

Indian residents are investing in international properties for appreciation in value, end use or rental earnings. Several international banks offer loans to non-residents in UK, UAE &US at interest rates that are considerably lower than the rates prevailing in the Indian market that makes these deals more attractive. The stability of the Indian Rupee and relaxation of RBI rules that permit Indian residents to invest overseas have further created an investment climate favourable for international real estate.

Australia, UAE, UK & US are the preferred destinations for Indian property buyers, according to property analysts. The US, UK and UAE are closest to the hearts of most Indians intending to acquire property abroad. With global agencies like Fitch predicting a 25% fall in property prices in the UK after Brexit, the time seems perfect for Indians looking to secure a good investment in cities of choice.

PARALLEL EVENTS:

Through this show, the Indian investors will be able to identify real estate investment opportunities and gain knowledge to make informed investment decisions. Coinciding with the event, an Investment Forum is being organized that will dwell on various issues of real estate investment abroad. Real Estate Experts will be presenting and analyzing potential investment options and prospects. Project presentations will also form part of this informative forum where investors can gain insight to take informed investment decisions.

As part of its industry initiative, the organisers have launched IREX Business Connect. IREX is bringing Indian property brokers in touch with international property developers, so that they can work for them as their local sales agents/representative in India. This opens new business avenues for the Indian property brokers and help them learn international trade practices besides ensuring year long sales for foreign developers through these agents.

According to Mr. Vimal Anand, Director of IREX, “IREX is the only show of its kind in India that is held in line with prestigious international realty exhibitions held around the world that promote premium real estate investment opportunities. It offers a perfect platform for international real estate companies to tap the growing market. The participating companies will be able to create brand awareness, exhibit their latest project offerings and do on the spot bookings”.

MORE FROM EXPERTS:

Knight Frank India is the Knowledge Partner to IREX, 2016. Mr. Shishir Baijal, Chairman & Managing Director, Knight Frank India said, “Indian real estate buyers are looking for either a second home, or want a place to holiday in, or some buy because their children are studying abroad. Increasing globalization, comparable valuations overseas and investment considerations, are few factors that are driving them to buy such properties. IREX is the right platform which enables one to choose from the best international property options. It feels great to be associated as the Knowledge Partner with a platform of this kind”.

Al Marjan Island is the Diamond Partner of IREX 2016, Mr. Abdullah Abdooli, Managing Director, Al Marjan Island said, “India and the UAE have been partners in Trade, Commerce and Economic development for many decades and Ras Al Khaimah, an integral constituent of the UAE has strong, cordial relations with India. Basis this long standing relationship, we have India as a focal point on our radar to solicit investments into Al Marjan Island, our crown jewel, which will be mutually beneficial and take our partnership to new, higher levels.”

Appreciating the whole endeavour of IREX, Mr. Niall McLoughlin, Senior Vice President, DAMAC Properties, the Platinum Partner of IREX 2016 said, “Indian’s are the largest buyers of real estate in Dubai as they recognized the intrinsic value of luxury real estate in a progressive city, with international standard regulations, a tax-free environment and a booming tourism industry, all just three hours flight from New Delhi. IREX is a crucially important part of our marketing activities for the year where we will showcase a broad range of luxury living experiences including palatial villas overlooking championship-standard golf courses managed by the Trump Organization, private apartments in the Burj Area, limited edition branded developments in collaboration with global fashion brands such as Versace, FENDI and Bugatti, as well as luxury hotel apartments in key locations to capitalize on a tourism which will grow to more than 20 million visitors annually over the next five years.”

Ms. Gauri Khan, the brand ambassador of IREX said, “The globe-trotting Indian today lives in a boundary free world, living and working in all the seven continents. Long tenures overseas, both for pleasure and work, makes holiday homes in exotic destination a way of life. I very warmly welcome the second edition of IREX, the one platform to discover high quality residences across the globe.”

IREX is supported by National Association of Realtors (NAR) that has 1.1 million members from all over India. IREX is organised by GMN Road Shows & Events which is part of GMN Media Pvt. Ltd, an international media company that represents several media and exhibition brands in the Indian market and organises road shows and events for its clients.

Corporate Comm India(CCI Newswire)