India is a potential market for timeshare models

Group RCI held its annual symposium in the city for the first time for its Asia Pacific region in India from August 23-24, 2007 at The Taj Palace, New Delhi focussing on identifying the various real estate products that would be viable hospitality projects in the future. The two-day event enlightened the participants about vacation ownership in its various forms as a profitable business model. On the occasion, Radhika Shastry, managing director (Indian subcontinent), RCI India said, "Looking at the future, vacation ownership is going to become a strong driving force for resort development, and Indian developers are eager to know about various products that could be lucrative real estate products.