Housing finance excels in Dubai exhibition

Dubai: As many as 76 flats valued at Rs 11.46 crore were sold at Property 2002, an Indian exhibition for real estate developers and housing finance companies, held in Dubai between 29 and 31 May 2002. Housing finance companies reported sanctioning Rs 13.65 crore through 91 spot loans.

Property 2002 drew 4,543 enquiries worth Rs 108 crore. Housing finance companies received 1,500 business enquiries worth Rs 22.5 crore. The exhibition was organised by Maharashtra Chamber of Housing Industry (MCHI).

Fifty developers from across India, including Mumbai, Pune, Nashik, Goa, Bangalore, Kerala, Rajasthan, New Delhi and Chennai, besides four housing finance companies, participated in the exhibition.

MCHI is now planning to organise an exhibition in Saudi Arabia in December 2002. "Saudi Arabia is a market waiting to be tapped," says MCHI chief executive officer Zubin Mehta.