Cityscape is expanding to India, with its first ever event to take place in Mumbai next year.
The announcement arrives as the property exhibition giant celebrates its 15th anniversary – and enjoys a year of strong attendance at its events. So far this year, Cityscape’s events have gathered more than 46,000 participants, from developers and brokers to government officials and investors.
The inaugural Cityscape India will be held at the Bombay Exhibition Centre from 2nd to 5th March 2017, as the country joins other hosting destinations Abu Dhabi, Cairo, Doha, Dubai, Istanbul, Jeddah, Kuwait City, and Seoul.
“The Cityscape brand is growing globally, which means we are reaching more investors from around the region and beyond and are connecting more real estate buyers with developers and brokers,” says Tom Rhodes, Exhibition Director.
The announcement arrives as Cityscape prepares to return to Dubai for its flagship event: Cityscale Global, which takes place at the Dubai World Trade Centre from 6th September.
“Cityscape Global continues to be the barometer of the real estate market, with many leading developers using the exhibition as the perfect platform to launch new projects to the market,” adds Rhodes.
Indeed, last year’s event was the biggest in five years, with more than 43,000 participants from 102 countries and two additional halls to accommodate the demand from local, regional and international exhibitors.
“Our forecasts for this year anticipate a similar response in terms of exhibitor participation and visitor numbers,” says Rhodes.
Pavilions at the September event will include one dedicated to exhibitors in India.
“Cityscape India takes place at a pertinent time for Indian investors; according to Dubai Land Department (DLD), Indian investment in Dubai real estate totalled over AED20billion last year, an increase of 10% compared to the previous year,” event organisers told OPP.Today. “It’s not surprising, Indians currently make up the largest non-Arab investors in Dubai in terms of value and volumes.”
Indeed, this has been the case for the past three years, with Indian buyers investing AED44billion in the emirate’s real estate market.
“The figure illustrates the spending power of Indian investors and their demand for UAE based real estate investment opportunities. As Indian investors look to expand their portfolio, Cityscape India will give Middle East and international developers a platform to promote their projects directly to Indian investors and high net worth individuals,” added organisers.Google+