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India: Ahmedabad to host property show, exclusively meant for Muslims

Wednesday 17 October 2012, by siawi3


Avinash Nair : Ahmedabad, Wed Oct 17 2012, 00:59 hrs

In a city where housing options are starkly divided along religious lines, a web portal will be organising here what it calls “India’s first Muslim property show†on October 19-21 to tap into the minority community’s investment potential.

The portal, with a network of 12,000-odd Muslim businessmen in Gujarat offering various services, will hold the event at Sanskar Kendra in Paldi — the first such event that attempts to bring developers, buyers and investors from the Muslim community on a common platform.

“During the last two years, we conducted surveys which showed that some communities, especially Muslims, were not able to acquire property in certain areas of the city. This prompted us to showcase the untapped potential of Muslim buyers through this property show,†said Ali Hussain Mohammed, director of Ummat that operates the portal and a dedicated call centre in Hindu-dominated Satellite locality.

“There are a number of good buyers and investors, including Muslim NRIs who are keen to invest in Ahmedabad’s property market. Our aim is to bring together developers and buyers on the same platform,†he told The Indian Express.

Around 25 developers have so far confirmed their participation. These include Deep Builders and Sun Infrastructure, which largely operate in Hindu-dominated areas. Both firms, run by Hindus, are offering houses to Muslims.

While most projects expected to go on display at the event are located in the Muslim-dominated Juhapura-Sarkhej locality, residential, commercial and plotting projects in Dholera SIR, Vatva, Paldi and Vishala Circle areas will also be displayed.

“There was lack of awareness even among the local Muslim buyers about housing options available for the community. Moreover, a number of educated youths and businessmen migrating to Ahmedabad were finding it difficult to find homes. This inspired us to host the event,†Ali said.