CREDAI and MCHI to organize India Property 2007 - USA & Canada Exhibition

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Premier organizations promoting the cause of India's real estate - India's only official Property show across foreign shores

CREDAI and MCHI to organize India Property 2007 - USA & Canada Exhibition

Mumbai, August 14, 2007: The Confederation of Real Estate Developers Association of India (CREDAI) has announced India Property 2007 - USA & Canada, in association with Maharashtra Chamber of Housing Industry (MCHI). This exhibition is the only and truly government recognized Pan India official exhibition to be organized in USA and Canada.

This exhibition would provide a platform to real estate and allied industries in showcasing their products thereby offering customers lucrative investment options in India. NRIs based in USA and Canada can look forward to meeting real estate developers across India, offering a range of options in housing and commercial real estate, for investment and residential as well.

India Property 2007 - USA & Canada will cover 2 major US cities and 1 in Canada over a period of 9 days. The schedule of India Property 2007 - USA & Canada is as follows:

Santa Clara: Saturday 18th & Sunday 19th August 2007, Santa Clara Convention Centre, 5001 Great America Parkway, Santa Clara CA 95054

Toronto: Tuesday 21st & Wednesday 22nd August 2007, Mississauga, International Centre, Canada

New Jersey: Saturday 25th & Sunday 26th August 2007, Holiday Inn, Edison, New Jersey.

Using this opportunity to showcasing their properties across the seven seas will be leading Indian property developers participating, from places like Mumbai, Navi Mumbai, Bangalore, Jaipur, Kolkata, Cochin, Pune, Hyderabad etc.

Indians settled in the US and Canada are an ethnic mix comprising mainly of Punjabis, Gujaratis, Tamilians, Keralites, Sindhis etc., who have shown their entrepreneurial skills, as around the globe, so in North America, thriving on business opportunities in arguably the world's most business friendly environment. Success in trade and business has not diminished, but has only strengthened their ties with their motherland, relations and friends.

Said Mr. Rajni S. Ajmera, President, CREDAI, "With the boom in the economy, Indian Real Estate has emerged as a Global destination for world's top construction companies, architectural firms & allied industries seeing the huge growth potential that it offers. In line with the growing interest in Indian Realty, these property shows facilitate an interaction between the NRIs, realty investors & developers, all under one roof, wherein they get to know firsthand the types of properties available, loan options & other formalities required, in finally procuring their property back home".

Sharing his views on India Property 2007 - USA & Canada, Mr. Nainesh Shah, Chairman, International Exhibitions, MCHI said, "There are around 3.22 million Indians residing in the USA and over a million in Canada, who are among the wealthiest and most influential immigrant community living in North America. Indians have excelled in every sphere of business activity in the US and Canada, but are still emotionally bonded to India. Thus, having a property back home in India will rekindle and strengthen that link to their homeland."

Adding further Mr. J.S. Augustine, Co-Chairman, International Exhibitions said, "CREDAI & MCHI's India Property 2007 is being held for the 2nd time in the USA & 1st time in Canada this year. The interest levels amongst NRIs have increased many-fold in the last three years. NRIs have benefited immensely through our exhibitions & have bought peace of mind by making the right choice. We are proud that we have played a key role in facilitating such a process for the NRI community at large & we strive for bettering this year."

Presently, the Indian economy is one of the fastest growing economies in the world. Real estate in India is witnessing high growth in the residential and commercial sector, IT, ITES and retail. Today, the retail sector is seen as a high return investment, fetching returns anywhere between, 25% to 50% over a seven year period after becoming operational. Further, investments from investors and High Net worth Individuals (HNIs) are expected once Reserve Bank of India (RBI) clears pending FDI proposals, riding on the wave of increased demand and supply and appreciation of capital values.

CREDAI Assurance

CREDAI and MCHI ensure complete transparency and assurance to the customers throughout the entire transaction and guarantee them the amenities and specifications as promised during the deal. In the event of any dispute the consumer can approach CREDAI to assist them in resolving the same.

About CREDAI Confederation of Real Estate Developers Association of India (CREDAI) - is the apex body representing associations of real estate and housing developers from all over India. Its purpose is to promote housing and real estate developments in an organized and cohesive manner and provide a liaison with government bodies to effectively represent the views and needs of the industry. It has more than 3000 members spread over more than 17 states in India.

About MCHI

MCHI is a member of CREDAI and India's premier housing and developers associations in India. Established in 1982, in Mumbai, the commercial and construction capital of India, MCHI has a membership of 450 leading developers who account for 90% of the housing supply in Mumbai and its vicinity. ------------------------------------------------------------------------------------------ For Further Information Contact: Edriech De Souza Email: edriech@abacusicc.net Tel: 91-22-30480496

About the Author

The Confederation of Real Estate Developers Association of India (CREDAI) has announced India Property 2007 - USA & Canada, in association with Maharashtra Chamber of Housing Industry (MCHI). This exhibition is the only and truly government recognized Pan India official exhibition to be organized in USA and Canada.