EXPO REAL ASIA features the sizzling elephant India

India’s real estate market is expected to triple by 2015
- International Property Conference from December 5 to 6, 2006 at the Macau Tower Convention & Entertainment Centre

India´s real estate market is hot, red-hot. The rapidly growing economy, a soaring stock market and the boost in foreign direct investment after the relaxation of FDI regulations in February 2005 drove up prices by 20 to 30 percent over the past twelve months across all segments. Real estate prices have more than doubled in Mumbai, New Delhi, Bangalore and Hyderabad. Much more is in the pipeline. The campaign to open up hundreds of special economic zones, the emergence of organized retail, the added focus on manufacturing and the growing middle class will be additional drivers for many years to come. The volume of India’s real estate market is expected to triple to 90 billion dollar by 2015.

EXPO REAL ASIA, International Property conference will present this vibrant market in its conference program on December 6th, 2006. Best professionals from India will join the session “The ‘Sizzling’ Elephant - Real Estate Market & Investment Opportunities in India”:
Mr. Ramani Sastri, President, Confederation of Real Estate Developers Association of India (CREDAI)
Mr. Sandeep Singh, Vice President, Capital Markets Group, Cushman & Wakefield India
Mr. Saurabh Chawla, Senior Vice President – Finance, DLF Group, India
Mr. Suchinto Chatterji, Managing Director, ILF Advocates, Delhi, India

This panel will exchange about the latest developments in India and try to analyze and foresee the trends for the next five years.

The swelling middle class, urbanization and rising incomes will create more appetite for residential housing, especially high quality apartments. Indian Government data suggest a shortage of 100 million homes in the country. Retails pundits are forecasting 600 new shopping malls by 2010. Regional governments want to build 400 new townships with half a million people each. Outsourcing is expected to create 200,000 jobs annually. The IT and outsourcing booms will produce demand for 15 million square feet of commercial space every year. Real estate funds set up to invest in India exclusively have already raised more than three billion US-Dollar. New funds worth more than four billion US-Dollar are being planned. The liberalized set of guidelines to encourage FDI is widely credited for boosting that development. Foreign investors can now invest in commercial real estate projects with a minimum built up area of 50,000 square meters. The minimum area threshold in township projects has been sharply reduced to 25 acres from 100 acres. The government allowed 100 percent FDI in the construction sector.

Further information: www.exporeal-asia.net

EXPO REAL ASIA 2006 is officially supported by the Bavarian Ministry of Economic Affairs, Infrastructure, Transport and Technology and the Macau Trade & Investment Promotion Institute of the Macau SAR Government.

EXPO REAL ASIA
EXPO REAL ASIA, International Property Conference, takes place on 5 and 6 December 2006 in the Macau Tower Convention & Entertainment Center in Macau (China). Its target group are the key players in the international real-estate business. The event is a platform for networking on real-estate projects, investments and finance across sectors and international borders. The event´s participants – from Asia, the Pacific region, the US and Europe – benefit from a high-ranking conference programme focusing on current trends and innovations in the real-estate market. The first EXPO REAL CHINA took place in 2004 in Shanghai.

Macau
Macau, situated 65 km west of Hong Kong, is a Special Administrative Region (SAR) of the People´s Republic of China. Up until December 1999 Macau was Chinese territory under Portuguese administration. Today around 450,000 people live in Macau, 95 percent of whom are Chinese. Geographically Macau borders the southern Chinese province of Guangdong, the capital of which is Guangzhou. Macau comprises the Macau peninsula (9.9 km2; connected to mainland China), the two islands Taipa and Coloane and the reclaimed land of the Cotai area.

Press Contact:
Petra Gagel, Press Officer, EXPO REAL Asia
Marketing & Communication, Capital Goods Fairs
Tel.: +49 89 / 9 49-20244, Fax: +49 89 / 9 49-20249
E-mail: petra.gagel@messe-muenchen.de

About Messe München International (MMI)
Messe München International (MMI, Munich Trade Fairs International Group) is one of the world´s leading trade-fair companies. It organises around 40 trade fairs for capital and consumer goods, and key high-tech industries. Each year over 30,000 exhibitors from more than 100 countries, and over two million visitors from more than 200 countries take part in the events in Munich. In addition, MMI organises trade fairs in Asia, Russia, the Middle East and South America. With five subsidiaries abroad - in Europe and in Asia - and 66 foreign representatives covering 89 countries, MMI has a truly global network.

This release was published on openPR.