Gowealthy.com, the region's premier global property and real estate lifestyle brand, recently launched a dedicated India Business Unit in order to deliver a comprehensive platform of property related services to the Indian community in the Gulf. In order to facilitate the promotion of Indian properties in the Middle East, the unit has also launched an India specific web portal www.gowealthy.in to address the needs and queries of Indian investors.
"The demand for housing remains constant as does the interest from Non-Resident Indians from this region. In India, property ownership is considered a long term investment, besides being a sentimental purchase. The need to invest back home is seen to be greater in these unsettling times. Even as Indians residing in the region continue to buy properties, there was niche in the market for a property services and management entity dedicated to the common interests of buyers, regardless of the property that was being purchased, which led to creation of the Gowealthy India Business Unit in Dubai. Our research and sample marketing underlined the need to offer a focused marketing opportunity throughout the Gulf and international markets to India's developers as well as be a one-stop shop for consultations, sales and follow-ups," said Dr. Mukund Raj, Vice President of Sales, India Business Unit.
The India Business Unit will offer varied opportunities and services to all its stakeholders - developer clients, investors and retail customers. As part of its activities, Gowealthy.com will also premiere Indian property launches in the Middle East. Gowealthy's India developer clients span across all the major Indian cities. Gowealthy has already forged relationships with the DLF group, Brigade Group, Tata Housing, Alliance Group and L & T. Other prominent names that will be part of the portfolio soon include Hiranandani, Raheja Builders, Ansal Holding, Purvankara, Mantru Developers, Unitech, Parsvnath and the Confident Group.
"Non Resident Indians across the world are in a way responsible for a sea of change in the Indian realty sector. Unlike those in the West, the Gulf NRIs always aspire to have a home of their own back in India. They look for a modern and well-equipped place like the homes available in the many housing complexes developed exclusively for them across the country. Being accustomed to quality and amenities, NRIs prefer investments that fulfill these criteria while making their decision. Market conditions have also resulted in NRIs being keen on investing in existing or fully-leased assets of reputed developers and DLF is invariably on their list. Our ongoing working relationship with a premier global property and real estate lifestyle brand such as Gowealthy will help us draw on the synergy of their knowledge and easy accessibility to NRIs residing in the Gulf countries. The setting up of Gowealthy's India Business Unit will help companies such as ours facilitate better interaction with our existing and potential clients in the Gulf region," says Lt. Gen. Girish, DLF Executive Vice President, Kerala.
The India Business Unit will also draw on the strengths of the region's leading real estate portal, Gowealthy.com. Developer clients will enjoy and benefit from exclusive access to Gowealthy's global databases, institutional investors, special property funds and cash buyers. Experts will provide also investors with investment solutions and services, while retail clients can benefit from Gowealthy's consultancy, sales and services.
"The prevailing competitive exchange rates and the option for NRIs to choose from a wide range of medium and premium level properties will be a major draw for our operations. We aim to be an effective medium for both clients and developers. While the former will have the advantage of understanding and protecting their investments back home, the later will be ably aided in consolidating and promoting their projects in this market. Our tailor-made property options and financing modules in coordination with leading housing finance companies both here and in India ensures a comprehensive property consultancy and service structure for potential clients," Raj concluded.
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“Strata Law is still a very new concept in the Middle East. One of the main challenges would be educating tenants that developers will not own or manage common areas anymore. However, once such ambiguities on property ownership are cleared, the market will see an increased inflow of foreign investment and transparency,” said Crogan. BCS Strata Management Services is currently employing its experience and expertise to build awareness on the Strata Law, in addition to providing industry leading strata management services to major developers in Dubai and Abu Dhabi. The Real Estate Regulatory Agency (RERA) in Dubai has tied up with BCS Strata Management Services to educate over 4,000 industry professionals this year under the RERA Real Estate Accreditation programme at the Dubai Real Estate Institute.
Dubai Properties
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