NRIs launch new Property Channel

Dubai, Oct 13: The Singapore-based India-Nivesh TV network, a subsidiary of the Mumbai-based Luminaire Technologies has launched a property channel from Dubai.

According to Rajesh Nuwal, Managing Director of the India-Nivesh Network, Singapore, the channel would bring together developers and potential buyers in South East Asia, India and the Gulf. ''The sentiments may be low for property in the Gulf, India and South East Asia now, but then prices also will be low,'' he said during the launch of the 24 hour channel which will have programmes for women, real estate stocks and vastu.

He said the outlay for the channel was 35 million dollars and it is expected to turn profitable in four years. The channel has a full-fledged studio in the Dubai Media City. It would start programmes for the Indian market in three months, Mr Nuwal added.

UNI