As the land rates and rents increased in Gulf, the rupee decreased in values. Indian realty developers are aggressively advancing their products encompassed by migrating Indians in the Gulf country. Chairman of the Calicut chapter of Kerala Builders Forum (KBF) said to the www.propertykhazana.com that, “As the rentals are mounting in Dubai and somewhere else in the region, Indians who are working there desire to keep their families back in the residences. Because of the decline in value of rupees, Indians in Dubai can invest their excessive income on realty at homeland. After realizing the present global financial crisis, it is better to invest in realty in motherland in spite of investing in stocks or in other investments options.”
KBF Calicut is organizing ‘Malabar Property Expo’ to display villas, flats and commercial spaces. According to KBF Calicut Secretary, many migrating Indians by now have invested on property in their homeland. Chairman of KBF also said that, “Malabar is observing many developments in the healthcare, education, hospitality, transportation and tourism segments in the present days. The existence of much superlative hospitals has risen up in the region and Kozhikode is fetching the title as one of the educational center with some leading institutions carving foundation. With the launching of Karipur International Airport there is good air connection with some international airlines introduction. For more updates on realty market browse www.propertykhazana.com.
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