In 2011, the Indian property market was the second best performing market, having witnessed robust growth in the last few years. The total revenue generated in 2010-11 stood at US$ 66.8 billion. The market is now expected to be one of the fastest growing economies in the coming years. Real estate in India contributes about five per cent to India’s gross domestic product (GDP).
Demand is expected to grow at a compound annual growth rate (CAGR) of 19 per cent between 2010 and 2014—Tier 1 metropolitan cities are projected to account for about 40 per cent of this. Growing requirements of space from sectors such as affordable housing, education, healthcare and tourism provide opportunities in the real estate sector.
The urban population has been increasing and is expected to cross 590 million by 2030. Urbanisation and growing household income are some of the major factors that influence demand for residential real estate and growth in the retail sector.
NRIs worldwide are looking at the Indian property market as an ideal opportunity to park funds to achieve high capital growth. The consistent increase in rental yield in the housing market is a bonus. There has been emergence of few specialist companies on the global scale that are able to provide an end to end service proposition when it comes to buying a property in India.
Sumo Global Australia is one such major global player a presence in Singapore, Malaysia, Canada, US and South Africa, assisting NRIs realise their dream of owning a secure home in India.
This event will provide a first-hand opportunity for investors to interact with Indian property experts as well as builders travelling from India. This event will showcase properties from various high growth regions — Delhi NCR, Gujarat, Chennai, Bangalore etc.
The event will present the ideal opportunity to buy well-researched properties, directly from the builder. The event will showcase properties starting from $90,000 with progressive payment plans. “Our aim is to educate NRI masses so we can help them mitigate the risks faced by the investors while investing in Indian property sector. We want investors to deal directly with the builders and take advantage of our already negotiated prices. Sumo Global is synonymous with reliability, return on investments (ROI) and risk management in the Indian real estate industry,” says Mr Suren Pather, Chairman Sumo Global Australia.
Point to note
Date: 24 & 25 March
Venue – Manningham Convention Centre (1 Thompsons Road, Bulleen, Melbourne)
Timings: 11am to 6pm
Phone: 02 8297 6647