The MCHI-CREDAI Property Expo 2013 is currently taking place at the MMRDA Grounds in Bandra Kurla Complex and will conclude on the 14th of April.
MCHI-CREDAI Property Expo receives good response.
MUMBAI: The initial two days of the MCHI-CREDAI Property Expo 2013 witnessed a remarkable turnout, as numerous potential buyers visited the property showcase. This level of interest suggests that the sluggish state of the realty market has not significantly diminished demand.
Approximately 25,000 interested buyers attended the property fair on Friday, energizing the builders attending the event.
Over 15,000 residential properties from across the Mumbai Metropolitan Region (MMR) are featured in this four-day fair. Properties are on display from areas including Navi Mumbai, Pune, and Thane.
Attendees demonstrated notable interest in properties situated in Dombivli and Andheri as well. Major developers like Gundecha, Hubtown, and Lodha have projects in these areas.
Investors seeking investment opportunities have also shown up at the fair, with Panvel and Thane emerging as popular choices among them.
A significant portion of the properties displayed at the MCHI-CREDAI Property Expo 2013 is being offered with discounts; however, some prices for specific projects have remained unchanged.
Better response to MCHI-CREDAI Property Expo signals green to the developers.
Top developers such as Acme Group, Ajmera Developers, Bhandup property, Kalpatar, Mantri Group, and Neptune Developers have showcased their projects at the event.
Acme Oasis is priced at Rs. 10,500 per sq. ft. and is located in Kandivli. In contrast, another project in Andheri by the Acme Group has a price of Rs. 16,000 per sq. ft.
Neptune Developers’ property in Bhandup is also listed at Rs. 10,500 per sq. ft. Meanwhile, the Mantri Group’s Goregaon property shares the same rate. The Ajmera Aeon project in Wadala remains priced at Rs. 18,500 per sq. ft.
Reflecting on the overwhelming interest from prospective buyers and investors, MCHI-CREDAI exhibition committee Chairman Bandish Ajmera expressed optimism for increased attendance in the upcoming days. Mr. Ajmera noted his satisfaction at witnessing the expo's success, stating it truly has been a remarkable accomplishment.