REALTY DEMAND ON RISE | zameensantosh's Blog

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.

Courtesy:- Times Property dt:- 07-11-09