Ahmadabad is all set to become hot spot of realty business. The NRIs (non-resident Indians) are showing huge interest in the city. This was indicated by the response given to Indian property road show held in the US and UK. Goa and Mumbai are behind Ahmadabad in terms of prospectus of realty business.

Chairman and CEO, Axiom Estates, Rajeev Goenka said that Ahmadabad is becoming new hub of realty business. He said that NRI's account for nearly 15-30% in realty sales. The current road show held in UK revealed that Ahmadabad is becoming major reality destination for the world. It has attracted about 300 realty projects in the international roadshow held in UK as compared to other 20 participant cities.

Nicosia, July 25: The value of construction projects in the oil-rich countries of the Gulf exceeds 1.8 trillion dollar, a study published in the latest issue of the Investors Magazine says.

Currently, the Gulf region is the most active in the world in terms of construction and development projects, prompted by an oil-fired boom.

Demand in all material used in construction is expected to reach unprecedented heights.

Some of the major projects being executed in the region include King Abdullah Economic City project in Saudi Arabia at a cost of USD 54 billion, Abdelaziz bin Mousaed Economic City, also in Saudi Arabia, at cost of USD 53 billion, and Khalifah City in Abu Dhabi at a cost of USD 40 billion.