CREDAI Property Expo at Nashik sees over 15,000 visitors

The 3-day property expo which was organised by the Confederation of Real Estate Developers Association of India (CREDAI) at the Chopda Lawns along Gangapur Road at Nashik was a huge success with over 15,000 visitors and an estimated business of Rs. 5 crore with on the spot bookings. According to the organizers, the exhibition may generate sales of approximately Rs. 40 crore in the next few months.

Around 35 builders and developers showcased 107 residential projects with over 7,000 flats to visitors. Some of the builders and developers who participated in the expo includes names like Mahalaxmi Promotors & Builders, Shreeji Group, Nandan, Shree Yashashree Constructions, Krishna Developers, Bricks & Bonds, United Builders, Dhatrak Group, Parksyde, Karda Constructions, Suyojit, Madhoor Buildwell, Suyash Group, Ravi Mahajan Builders, Sachin Bagad, Surya Properties, Ashoka Realty, Bagad Properties, Om-Sai Buildcon, Ekta World, Malpani Group, Thakkers, Shraddha Land Developers, Jay Developers and many more.

“Our intent was to give 35 developers across the city an opportunity to showcase their properties to interested real estate buyers. The visitors had direct dialogue with builders, allowing them to clear their doubts and choosing their dream home in the location best suited to them. The exhibition helped us convert buyers on the verge of buying homes, into bookings,” said Sunil Kotwal, President, CREDAI Nashik.

“We got 35 spot bookings worth Rs 5 crore during the three-day property festival. We anticipate sales of over 100 flats worth Rs 35 crore in next three-four months,” he said, adding that the expo also helped CREDAI in creating a data bank of 15,000 visitors along with their budget and locations of choice. This data will be forwarded to all the association members for conversion of these enquiries into bookings.

Sale of home spaces increase by 7%

According to a report by property research firm Liases Foras, during the quarter to December 2015, sale of homes across the top eight cities of India improved by 7% year-on-year. Sales increased by 15% on a quarter on-quarter basis on the back of sluggish pricing and discounts by builders during the same period.

As per the report, an aggregate of 78 million sq ft of home space was purchased across the eight cities compared with 72.9 million sq ft a year ago.

Pankaj Kapoor, managing director of Liases Foras says, “It is a buyers’ market today. Geographies, which were predominantly investor driven, are still suffering while areas which were inhabited and more suited to end-users are seeing improvement in sales. Now the gap between affordability and pricing is reducing.”

While the purchase of home space has increased, the unsold stock has also shown an increasing trend showing 21% y-o-y and 5% q-o-q to 1,124.9 million sq ft. Unsold inventory in Mumbai rose 28% to 235.9 million sq ft while NCR rose to 361.1million sq ft, up 14% over last year.

The top cities have witnessed a decline in the total new launches with a decrease of 11% in q-o-q to 67.1 million sq ft., with NCR witnessing 61% decline in new launches during the quarter. Out of the total launches 52% of the new launches are in the price range of Rs.25-50 lakh. The number of new launches in the affordable category of under Rs.25 lakh has increased by 50% from the previous quarter.

Noting this Manoj Gaur, president, Confederation of Real Estate Developers Association of India (CREDAI), NCR, and managing director of Gaursons India, a real estate developer said, “Pricing has stagnated and inventory overhang is reducing because of lower number of new launches. Prices are close to the bottom, so end users are finding value.” To clear their unsold stock, many builders offered significant discounts during the festive period in 2015. Out of the total sales across the top eight cities, 31% of sales were in the price range of Rs.50 lakh to Rs.1 crore and about 30% of sales were in the price range of Rs 25-50 lakh.

MCHI Kalyan-dombivli property show

The stage is all set to welcome the sixth edition of MCHI property expo hosted by CREDAI’s Kalyan-Dombivli unit. Real estate enthusiasts book their calendars for this property exhibition every year from the 23^rd to 26^th of January. In 2016 too, the expo will see home buyers and investors flocking towards Phadke Ground, Near Lal Chowki, Kalyan (W) scouting for their dream homes and attractive investment options during the 4-day carnival.

Kalyan and Dombivili are one of the fastest growing areas adjoining Mumbai and are quickly gaining popularity among various sections of property buffs due to a rapid growth in infrastructure and connectivity. With the tagline “Smart Homes, Transforming Cities”, the event is a part of MCHI’s initiative to promote smart choices in real estate in the twin towns.

The exhibition promises to be the ideal destination for those who intend to buy homes in the Kalyan-Dombivli vicinity and areas like Ambarnath, Ulhasnagar, and Thakurli which are offering incredible deals both in the premium luxury and affordable segments.

Some of the best-known names from the world of real estate will be participating in this property festival. The list of Platinum exhibitors includes prominent names like Ajmera Builders, Tycoons Central Park, Regency Group, Nirmal Lifestyle, Runwal Builders, Tharwani Realty, Mohan Group, Vastu Sankalp, Ronak Group, Kuber Group, Happy Homes and many more.

Showcasing 150 projects and nearly 1000 homes by more than 60 developers in the most coveted residential areas, this property expo will surely put the spotlight on Kalyan-Dombivli & neighbouring areas.

With thousands of visitors expected at the venue, it only makes sense to register your entry to the exhibition today!

To register within seconds, click here.

Vadodara Real Estate

The property carnival 2016 organized by CREDAI-Vadodara witnessed a record number of bookings this year. This was the third edition of property expo in Vadodara which saw huge sales of apartments and duplexes.

Vikram Gupta, President of CREDAI-Vadodara said that this is the first time that people have made on-the-spot bookings. “Earlier, we got only enquiries but this time the exhibition has documented nearly 160 bookings during the 3-day festival by home buyers who planned to stay in the apartment and not just for investment,” he added.

The property expo had 84 stalls out of which 70 were those of developers. A huge area of five lakh square feet was occupied to accommodate lakhs of visitors. Builders and developers offered various schemes and lucky draws to attract buyers.

This high number of bookings indicates that the real estate market in Vadodara is now reviving. “The the majority of bookings are for affordable flats of two bedroom-hall- kitchen and three bedroom-hall-kitchen priced between Rs 25 lakh and Rs 75 lakh in areas like Sama-Savli Road, Alkapuri, Waghoda Road, Bhayli and Sevasi,” gupta told reporters.

CREDAI Property Show

The Trivandrum chapter of CREDAI (Confederation of Real Estate Developers’ Associations of India) organized its sixth edition of the property show, which was began on Dec 17), 2015 (Thursday) at the Sri Mulam Club in Vazhuthacaud and ended on Dec 19, 2015 (Saturday). It was an ultimate destination for home buyers and this year more than real estate builders showcased their more than 125 residential projects.

The CREDAI Property Show, Trivandrum was inaugurated by S Krishnakumar (Nikunjam Constructions), the President of CREDAI, Thiruvananthapuram, Biju Jacob (PTC Builders), Secretary of CREDAI, Thiruvananthapuram and K Srikant (SFS), the Vice President, CREDAI Kerala. Apart from that other prominent real estate builders such as; T S Asok (Artech), A R Babu (Heera), V S Jayachandran (Mansions), P Pradeep (Powerlink), Dhanya Babu (Sree Dhanya), P Harikumar (Future) and many other were also present during the occasion. We all know that the main objectives of CREDAI are to promote stability, growth and upholding ethical business values in attractive investment environment. In simple words we can say that the CREDAI is the real voice of the real estate industry and it is more than knowledge sharing forum as it backup the real estate industry with latest technology, industry benchmarks and international developments.

The CREDAI Property Show, Trivandrum was an ultimate destination for home buyers as there wide range of choices were available. It was easy for home seekers to spot budgeted property at desired location with best contemporary designs and premium quality as per CREDAI standards. Apart from that CREDAI officials were also accepting the customer complaints and concerns. This time there only approved and genuine properties are exhibited at the show.

State Bank of India

According to latest reports, in Odisha SBI, a public sector lender had advanced home loans of worth Rs 400 cr for year 2014 – 2015 and now country’s largest public sector lender SBI (State Bank of India) has set a target to extend Rs 500 cr worth home loans in Odisha for the year 2015 – 2016.

As per the statement of the BVG Reddy, Chief General Manager of State Bank of India, Bhubaneswar circle, “At the end of November 2015, our bank has already extended Rs 280 crore home loans and at this point of time we are expecting the closer with Rs 500 crore advances to the sector. This public sector lender had advanced a home loan of worth Rs 400 crore in the year 2014 – 2015 however; the NPA rate for the same sector was about one to two per cent. State Bank of India has extended its finance portfolio with tune of Rs 3325 crore which comes under home loan portfolio on the current date.

According to reports, SBI is all set to organize its own property expo “Utsav -2015”on date December 11 to 13 at Bhubaneswar. In present, about 40 real estate developers and builders which are affiliated to CREDAI (Confederation of Real Estate Developers Associations of India), NAREDCO (National Real Estate Development Council), Real Estate Developers Association of Odisha and Association For Odisha Real Estate Developers are seems to participate in the property expo “Utsav -2015”.

Last year at the same event people has booked more than 200 housing units and loan of Rs 30-40 crore were sanctioned. Currentl y, SBI is operating in more than 800 branches in the state Odisha and has an NPA of more than 6 percent with maximum slippages in the agriculture sector, education loans, micro, small & medium enterprises (MSME) sector and others.

CREDAI Odisha

With a concept and objective to offer all facilities and services to its real estate members and other stakeholders, the CREDAI (Chapter of Conference of Real Estate Developers Association of India), Odisha if going to organize much awaited Property Expo 2016 at Janata Maidan, Bhubaneswar from the date 21^st Jan to 24^th Jan 2016.

While interacting with press, Dillip Patra, President of CREDAI Odisha reiterates the objective as well as need and importance of CREDAI in its Odisha Chapter. Sharing the thoughts with other important members Binay K Das, member of CREDAI Odisha unveiled the brand new logo for the CREDAI Property Expo 2016 with an attractive tagline “CREDAI for CREDIBILITY”. The more he added that fair business deal, constructive policy formation as well as transparent complain redressal system are three core areas of focus in the year 2016 and it is expected that this Expo will reflect the true character of CREDAI Odisha. According to statement of the Arup Dasgupta, CGM of SBI, “We are proud to be associated as main sponsor with CREDAI Odisha Property Expo 2016 and we are looking for long term association with CREDAI. Apart from that we will try to work for the mutual benefits as CREDAI Odisha Property Expo is one of the prestigious platforms.” However; it should be noted that Odisha Chapter of Conference of Real Estate Developers Association of India (CREDAI) is the apex body of real estate developers which aims to bring the private as well as corporate real estate developers at same place or under one roof. Since its inception, the main objective of the CREDAI ODISHA is to offer all-round platform to its real estate members, so that they can facilitate their overall growth in state Odisha and turn fueling growth of economy. According to SwadeshRoutray, Vice President of CREDAI Odisha, “CREDAI Odisha Property Expo 2016 aims to be the single window real estate market to the designers, policy makers, congregate developers, financial institutions and above all customers under one roof to exchange information and the real business along with food, fun and other interesting activities”. Apart from that Sangram K Sahoo, General Secretary of CREDAI Odisha was also present in the meeting to deliver vote of thanks to the members¸ press and other partners.

While addressing to media D S Tripathy, CREDAI Odisha National Member stated that “This year we have unique plan to create scope for more than 120 stalls in two Air-Conditioned Hangers, which have state-of-the art facilities, whereas; the USP of this year’s Expo is Maximum Visibility with the support of media as well as buzz and promotional activities on social media and on-ground innovations. Apart from that there will also other attractions such as; Entertainment Extravaganza, Celebrity Presence and Ensemble of Food-courts. The more he added that here are three build-up events prior to the Expo to create much desired hype amongst visitors.

Mangalore Press Club

The Mangaluru chapter of Confederation of Real Estate Developers’ Association of India (CREDAI) has organised a property exhibition at Mumbai from September 11, which will go on for 3 days.

As confirmed by D.B. Mehta, president, CREDAI- Mangaluru, The venue is Buntara Sangha, Kurla in Mumbai.

About 40 builders and developers and banks from two districts are likely to participate in the Expo. The exhibition is to give an opportunity to people from Mangaluru and Udupi residing in Mumbai to purchase property in their home cities.

Mehta said that if Mangaluru City Corporation was covered under the smart cities scheme, it would get Rs. 1,000 crore from the government for five years. This would lead to investments of over Rs. 20,000 crore in city-based projects in the region.

He further added that some industrial projects were already under development in the port city which would only increase the housing demand in Mangaluru and Udupi.

Manoj Gaur – elected president of CREDAI-NCR

In New Delhi, the CREDAI, an apex body of real estate developers elected Manoj Gaur, as President of the Delhi-NCR region; he is the Managing Director of Gaursons. As per reports, this new leadership team will consist of 19 members of executive committee on the board and it will also include the Rajeev Talwar, who is Group Executive Director in DLF constructions.

As per the official statement of newly elected Manoj Gaur, “Now our main focus will be towards the transparency in real estate market however we will also put our efforts to change the perception of the real estate industry for better growth”. The more he added that CREDAI will work closely with the state and central government departments to shape the future of real estate market in Delhi/NCR region. However in discussion he welcomed the real estate regulatory bill and stated that the main purpose of real estate regulatory bill is to bring the transparency in the real estate sector and restrict non-serious and non-ethical players of real estate market.

After the selection of Gaur, CREDAI said now our major concern is to address the need of real estate industry for the growth of real estate market. However the Gaur, stated that now onwards our association will put more efforts on skill development¸ ethical policies, labour welfare as well as transparency. Getamber Anand, the National President of CREDAI, stated that association is going to set-up a fund of Rs 25 crore so that we can meet the education cost of those students who are bright but they are under-privileged. In addition Getamber Anand, stated that CREDAI will make its own internal consumer grievance to address the complaint the consumers.

It is well known fact that currently, CREDAI (Confederation of Real Estate Developers’ Association of India) has more than 11,500 members in all over the country.

Expo Venue:

CIDO Exhibition Centre,

Vashi, Navi Mumbai.

Date and Time:

11 am to 8 pm from April 10th to April 13th 2015.

For all those who are interested to buy property in Mumbai and other parts of Maharashtra MCHI – CREDAI Property Exhibition is a premier platform to deal in the real estate market. MCHI – CREDAI is the most prominent and recognized body of real estate developers in Mumbai and MMR and it is the only recognized body by the Government of Maharashtra and the Central Government of India. MCHI-CREDAI has the membership 1000 + leading real estate developers in Mumbai and MMR, which provide premium platforms for real estate builders and developers to exhibit their properties. In past few years, MCHI-CREDAI has also expanded beyond MMR region with dedicated units in Thane, Mira-to-Virar City, Raigad, Navi Mumbai and Kalyan-to-Dombivli. In the latest MCHI-CREDAI Property Exhibition at the venue Navi Mumbai, investors and buyers will witness the most Impressive, Extensive and Effective event. This event will be impressive only the best real estate developers from Mumbai, MMR, Ahmedabad, Goa, Bengaluru, Vadodara, Surat, Nasik  and Delhi are presenting Quality Real Estate Product on a single platform.

To promote the high level of commitment and interaction between businesses, real estate developers, buyers, and investors CIDCO has developed CIDCO Exhibition Centre, a state-of-the-art building complex that features an Exhibition Centre, Business Centre, Ancillary Block and is a ‘Green Building’ certified by Indian Green Building Council (IGBC) under the LEED criteria. In past or 2014, MCHI had successfully conduct the property exhibitions in different areas of country and they had witnessed huge demand all the time and due to that now again MCHI group is focusing on customers who wish to buy property in Mumbai region. According to real estate experts, it will be the great opportunity for real estate developers and builders too because it is like one stop destination to showcase the properties of different area at one destination. Due to direct interaction between builder and buyers, it will save the time as well as cash of purchasers. Due to direct interaction between builder and buyers, it will save the time as well as cash of purchasers. The various regions in Mumbai has experienced the tremendous growth in alst few years in terms of infrastructure development and due to that in present these regions has best infrastructure and amenities with better connectivity.

If you are the one who is looking for residential or commercial property in Mumbai, so that person must visit the MCHI-CREDAI Property Exhibition 2015 in Navi Mumbai because it will be the great opportunity for real estate developers to showcase their property and buyer to hunt down their dream home in affordable price. The main objective of MCHI-CREDAI Property Exhibition is to provide the authentic and reliable property to investors and buyers at affordable price, so that buyers can feel more secure and comfortable while making the property buying decision because it can be the most emotional decision of their life.