“The appreciation of the Singapore dollar, the Comprehensive Economic Cooperation Agreement and the RBI’s liberalised policies are all progressive steps for expats, NRIs and Singaporeans to invest in India’s booming real estate market. The reputation of the realtors and the variety of properties available make it a reliable and convenient investment opportunity for the Indian expats and Singaporeans alike,” R. Dhinakaran, nominated Member of Parliament and vice-president, Institute of Certified Public Accountants of Singapore, said on Saturday.
He was speaking at the inaugural function of the two-day India Property show here on Saturday.
The high property rates in Singapore made developing markets like India a preferred investment destination, Mr. Dhinakaran said.
“Stalls have doubled”
Akila Iyengar, a Director of Kasturi & Sons Limited, said: “The number of stalls has almost doubled since last year. The realtors are bringing in their best, and we are continuously trying to provide more customised solutions for the investors. It is the age of collaboration, and The Hindu is happy to have on board Hindustan Times as its partner.”
Bigger platform
“We want to give a bigger platform to our business partners and extend it to Singapore. The Hindu and Hindustan Times complement each other very well in India, and we are continuing our partnership here in Singapore,” said Hemant Somani, COO, Mint .
“Our main target is the Indian diaspora living in Singapore, and we are trying to help them fulfil their desire for continuing to have an attachment with their homeland. We have provided a wide range of investment options, and are also holding free seminars on property taxation for expat investors,” said Suresh Srinivasan, vice-president, Advertising, The Hindu .
“It is like a serving in a silver platter, where all our realty needs from low to high-range properties in varied locations back home is available under one roof. We do not have a lot of time in our hands when we go back, and the Indian expo is a one-stop shop for all our needs,” said Shanti Murali, an Indian expat in Singapore.
“The value of the Singapore dollar is in our favour, and investment in India definitely looks lucrative,” said Modi, another expat.
Sales and brand awareness
“We are expecting both sales and brand awareness of our real-estate projects. Expats are looking for properties as an investment, and to buy a home back in India. Though a larger part of the sales in Singapore happens for the Chennai properties, other cities like Gurgaon, Mumbai, Noida and Bangalore are not far behind,” explained Vinoth Kumar, a realtor from Prop Tiger.
The show is supported by CREDAI NAREDCO, Banking partners ICICI Bank and HDFC Home Loans, Radio partner Radio Masti 96.3 FM. The event manager is I Ads Events Pte Ltd.
It is open to visitors from 10 a.m. to 8 p.m. on Sunday at Singapore Expo, Hall 5A.
