One of India’s biggest real estate developers is set to handover a flagship residential project it has developed in a desirable Dubai area. Lokhandwala Infrastructure has finished and sold out the Lady Ratan Manor scheme, Indian Realty News reports.

Based in the central business district of Dubai’s International City, the development includes one and two bedroomed apartments for “gracious living”. Quoted by the site, Lokhandwala sales coordinator Jean Soriano said:

“Indians go back to Dubai instead of Bombay where real estate is more expensive.”

She added demand for the area is so intense people who have bought units in the development have already sold on some of them.

Back in Mumbai the company has already revealed it intends to build Lokhandwala Panorama, a prestige apartment development. The developer has also finished and sold out Lady Ratan Towers in Mumbai, located near the Mahalaxmi Racecourse. The complex includes two interlinked buildings of 22 storeys each offering one, two and three-bedroomed apartments plus penthouses.

Billions of dollars of investment opportunities are on show at a two-day real estate show in United Arab Emirate Ras Al Khaimah (RAK). The second Real Estate and Investment Show, known as RAK REIS, is showcasing the most prominent real estate projects across the emirate and delivering up a feast of business prospects for corporate and individual property investors.

Highlights include resorts, theme parks, desert and hill stations, as well as five and seven-star hotels. Organiser Electro Med says investment will be spurred by the growth of tourist footfall in the Emirate expected to grow from 500,000 in 2007 to 2.5 million by 2012.

Electro Med managing director Waheed Khaled said:

“Ras Al Khaimah is emerging as one of the most vibrant real estate markets not only in the UAE but in the entire region.

“RAK REIS provides the sales platform for exhibitors to showcase their portfolio to corporate and individual investors and thus realise the immense industry potential of Ras Al Khaimah.”

Held at the Ras Al Khaimah Exhibition Centre from May 22nd to 24th, more than 2,450 visitors were expected at the event. Ras Al Khaimah is at the north end of the coast of the Arabian Gulf, positioned between the Hajjar mountains to the east and the Arabian Gulf to the West, and shares mountainous borders with the Sultanate of Oman.

The UK government has unveiled a plan to meet the needs of an estimated 414,000 new homes set to be built in a North East region. Projections show new that the developement of new homes is set to explode in the Yorkshire and Humber area in the period up to 2026.

Around 23,000 new houses are set to be built in the area every year during this period, prompting officials to develop the Yorkshire and Humber Plan. Communities Minister Baroness Andrews said:

“Yorkshire and Humber needs a long-term vision for delivering much needed sustainable growth that addresses its housing shortages, tackles climate change and strengthens the region’s economy.

“If more homes are not built now in Yorkshire and Humber the housing ladder will get even further out of reach leaving the next generation with nowhere to live.”

Millions of pounds in government cash is set to be pumped into the region to speed up the development of new homes, with thousands of residential property investment opportunities set to spring up in the next two years alone.

Environmentally-friendly and sustainable housing will be a big priority, with officials also adding the area is ‘vulnerable’ to climate change. Key points in the plan include confirmation of expected annual job growth of around 29,000 and policies to support economic development in city and town centres.

[tags]real estate[/tags]