Plots from Rs 8 lakhs, apartments from Rs 23 lakhs onwards

Posted on Feb 16 2015 - 11:27am by IBC News

Bangalore, February 14, 2015: Plots from Rs.8 lakhs onwards and apartments from Rs.23 Lakhs upwards are being showcased at CREDAI Realty Expo 2015 organized at Kalyani Kala Mandir, Bannerghatta Road.

Thousands thronged the expo on the first day today. Reputed Developers of CREDAI Bengaluru, and leading Banks and Housing Finance Companies have participated in the two-day expo.

Zonal expos

The concept of zonal expo has been successfully carried out by CREDAI Bengaluru enabling prospective customers to look for their property of choice and location at a venue closer to their home or office. These zonal expos have seen good response from prospective buyers as they can make their property choices under one roof without having to travel much.

The two-day expo was inaugurated by Mr K.K. Malpani, Founder President, CREDAI Bengaluru in the presence of CREDAI officials, member builders and participating bankers.

During the inauguration Mr.K.K Malpani, Founder President, CREDAI Bengaluru says “This is the third time we are arranging the expo at Kalyani Kala Mandir. We are getting good response in this area. CREDAI is supported by people of this area and also developersâ€.

Positive real estate sentiments

Mr C.N. Govindaraju, President, CREDAI Bengaluru, said, “This expo is specifically important due to the fact that the economy is looking up after a long lull and the expected interest rate reduction.

The forthcoming Budget holds a lot of hope for the sector and the concerned ministries are also aware of the various issues affecting the industry.  There are positive indications of various bottlenecks being cleared to enable a healthy competition, which will benefit the end-user.â€

He said that the market sentiments are positive now and the year 2014 was the year of recovery.  “We will certainly witness upward movement in sales in real estate. This year, concept of Green Building and innovation are getting importance in Bangalore,†he said, speaking of the real estate market in Bangalore.

According to him, this is the right time to invest in properties in Bangalore. “During the last couple of exhibitions, we spoke on increasing of prices of properties. Our CREDAI developers have been trying to keep prices at the best level giving advantage to the home buyers. However, the same will not continue for long and the prices will move upward as the cement and other construction material prices are going up,†he said.

Best time to buy property

Mr Anil Nayak, CEO, CREDAI Bengaluru, said that prospective buyers should visit this expo and verify all projects being offered, follow up on them and close the deal. “One can watch highlights of a cricket match later, but a home buying opportunity like this once gone will not come back,†he added.

The exhibition had some of the top names in the real estate industry participating and providing consumers with some great choices along with the list of the projects of the participating developers being provided by CREDAI with elaborate details.

CREDAI propose to keep expo open till 9 pm on Sunday Feb 15, 2015.

For more details please call 99645 91155 or visit us on www.credaibengaluru.com.

About CREDAI- Bengaluru:

CREDAI Bengaluru is an apex body of credible real estate developers, operational in Bengaluru for three decades.

The Confederation of Real Estate Developers’ Association of India – CREDAIBengaluru is an organization with its presence for 30 years in Bangalore and having 235 reputed developers as its Members in the city and 450+ developers across the State.

CREDAI’s presence is in 22 States and 150 Cities across India, having overall membership of more than 9000.

CREDAI Bengaluru safeguards the interests of Real Estate Developers and Builders while protecting the rights of buyers and home owners.

CREDAI Bengaluru gives voice to its members and is responsible for communicating with Government agencies, trade bodies and other authorities on issues directly affecting the sector.