NEW DELHI: A total of 35 international real estate developers and marketing companies will showcase around 100 residential, commercial, commercial, hotel and leisure projects at the second edition of the International Real Estate Expo (IREX) in New Delhi next month.

Investment opportunity in projects in Australia, Canada, Europe, New Zealand, Sri Lanka, Thailand, UAE, UK and USA starts from Rs 2 crore.

The companies will target the growing number of High Net Worth Individuals (UHNWIs) and High Net Worth Individuals (HNIs) in the country, at an event to be held October 7-9.

India has emerged as a market of choice for international promoters thanks to the exponential increase of 330% in the number of ultra-high net worth individuals over the past decade, compared to 68% globally, according to the 2016 report of Knight Frank Global Wealth.

The number is expected to double over the next 10 years, while the global number is expected to increase by just 41%.

Real estate remains one of the wealthy’s favorite asset classes.

Around 31% of Indian UHNIs have increased their allocation to residential property, while 47% have allocated more investment to the commercial property market over the past 10 years. According to the report, around 16% of Indian UNHIs are keen to invest in residential properties in the next year.

The number of HNIs investing overseas has increased by 166% over the past 10 years.

Moreover, the doubling of the foreign exchange remittance limit to Rs$25,0000 per person per year by the Reserve Bank of India (RBI) last year has made it easier to buy a house in foreign countries for rich Indians.

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