Friday, June 5, 2009

Home buying on the rise, CREDAI (Pune) to launch 2nd property exhibition - Press Release

Best of East: From Today, June 5 to June 7, '09
at Weikfield IT Park, Viman Nagar, Pune

With the better than expected response to their previous property exhibition, the Confederation of Real Estate Developers Association of India, Pune (previously known as PBAP) will launch its second of the series of 8 property exhibitions- the Best of East starting from June 5 to June 7, 2009 at Weikfield IT Park, Viman Nagar, Pune.

Result of the Best of West - 450 bookings!

At the last area specific property exhibition, the Association had over ___ footfalls that later converted to bookings in a span of one month. Says Anuj Bhandari, chairman exhibition committee, CREDAI (Pune), `` we are very happy with the response to our last exhibition. We had 450 bookings as a result of the Best of West. People’s sentiments about home buying is changing as is evident from the response.’’

Reasons:

The reasons for this, says Bhandari are several. "Many factors are contributing to this upward movement in home sales.
1)Rationalized Property rates: First and foremost the prices have rationalized. They are more realistic now and the customer has sensed this.

2) How to make property affordable?
Reduce rates or reduce flat sizes!
In fact many of our members have reduced their rates or reduced flat sizes making them more affordable..

3) RBI: Add to this the push the RBI has given to the realty industry by improving liquidity and reducing interest rates.

4) Thanks to Rahulbaba!: We believe that with the elections now over and the country having a stable government, more people who had put their purchase decisions pause temporarily will now come out to buy.’’

1 bhk, 1.5 bhk, 2 bhk, 3bhk, 4 bhk & bungalows!

Experiencing this buoyancy, the Association is launching its second exhibition that will showcase properties in the east of Pune that will cover areas such as Viman nagar, Kharadi, Dhanori, Wanowrie, Manjiri, Undri, Koregaon Park, Kalyani Nagar etc.

Over 100 projects from 35 developers will be on sale. Says Bhandari, ``we have flats that suit every budget. Starting form Rs. 10 Lakhs the Association members have 1 bedroom 1 and a half bedroom, 2, 3 4 and even bungalows are available at the Best Of East exhibition.

We have noticed that the East of Pune is more cosmopolitan in nature and people who have rented homes are finding this a good time to convert their rents into EMIs.’’

On June 5, 2009 the Best of East Property exhibition will be inaugurated at 4 pm. Home buyers can visit the exhibition to find the best suited homes from 10 am to 8 pm till June 7, 2009.

Related Story:

The Best of East Pune - 5th, 6th & 7th June '09 - Weikfield IT Park, Nagar road - CREDAI Pune property exhibition

Please, share your experience of visiting Best of East Pune:

If you visit the exhibition, please, share your experience in the comments. Tell us about the projects you liked. Tips about upcoming new launches. Rationalized property rates. And of course, tell us about your booking.

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4 comments:

  1. Mr Bhandari,

    So many different strategies adopted by the builders to sell the UN...affordable flats/houses !!

    When are you planning to deliver a lecture in Harvard and IIMs on "How to make educated people surrender their life long savings"

    ReplyDelete
  2. Outlook Money has released true figures that 20% of built homes and 57% of in-contruction homes are not sold.

    This is a fact.

    Thanks friends.

    ReplyDelete
  3. # Ref: "Outlook Money"

    Subscribe to Ravi Karandeekar's Pune Real Estate Market News Blog to know the number of unsold flats in Pune.

    We don't know the facts about Pune real estate market. Which affects our judgement. This is a serious problem. Don't you think so?

    ReplyDelete
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