Mumbai property investment show scrapped after attacks

Mumbai
Creative Commons License photo credit: xamesm
One of India’s most hotly-anticipated property investment events has been cancelled following the the Mumbai terror attacks.

Cityscape India, which was due to be held in the city from December 8 to 10, has been scrapped because of the “ongoing security situation”.

On Wednesday militants assaulted several Mumbai landmarks including two hotels popular with business travellers, killing over 100 people.

Organisers of the show, which was to appear at the Bombay Exhibition Centre in the Goregaon area, said the safety of participants was the main motivation for the decision.

A statement from the organisers read:

“Given the circumstances in Mumbai at present we have taken the view that it would be irresponsible of us to attempt to run the show against a backdrop of such uncertainty.

“We sincerely hope that you will support and understand how difficult it was to make this decision at this time.

They also expressed sympathy with “the families and friends of those who may have lost loved ones during the attacks”.

Thousands of property professionals from across the world were due to attend the event, which had booked Donald Trump Jr as a key speaker.

Experts said the incidents could have a longer-term impact on the country’s real estate market.

Pranay Vakil, chairman of Knight Frank India, said:

“It’s is too early to say anything now. However, the attack would definitely be a dampener to the sentiment, at least in the initial few months.”

The Taj Mahal Palace Hotel and the Oberoi Trident complex were both targeted in the violence – both were expected to have hundreds of bookings for visitors to the cancelled Cityscape show.

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  5. Brutal terror raids threaten India’s economy

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One Response to Mumbai property investment show scrapped after attacks

  1. I think India government (especially, Sonia govt.) does not have the political or international power to deal with this scenario. India is a soft nation and so can be easily pushed around. Look at the terror attacks one after the another. The latest example is The latest example is Mumbai…:(

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