In
what could be an indicator of realty sector reviving and demand for residential and commercial
real estate bouncing back, over 10,000 potential buyers visited the
three-day ET Realty Expo held at Pragati Maidan last week. The biggest catch
for the visitors was not just wide option of residential properties, farm
houses, plots, office complexes and commercial spaces offered by 42 reputed
developers but also the participation of bankers, under one roof.
Inaugurating
the expo, Sheikh Danish Ahmed, CMD of Land Asia Infrastructure Ltd said, ‘‘such
events sensitise buyers and make them aware of how to go for the perfect
choice. Customers have become more educated, but there is a dire need of
greater awareness among them. Developers need to be
more transparent while dealing with buyers and ensure timely completion of
projects. Ahmed added that competitive pricing of the properties combined with
quality amenities would largely influence buyers. He said with the new
marketing dynamics, the industry is already in the revival mode. LA
Infrastructure has launched its flagship Land Asia project, a spa city in
Dehradun.
‘‘Property
prices are not falling further. As the economy revives, the realty industry
will also bounce back. The worst is over,” he said.
Some
of the major developers
participating in the ET Realty Expo held in association with Times
Property were Land Asia Infrastructure, Jaypee Greens, Parsavnath group, Asiana
Housing, Purvanchal developers, Unitech, Hero group and SVP group. Two bankers
— LIC Housing Finance and SBI also participated in the expo.
