TREDA’s three-day property show

The effect of a cut in home loan interest rates by RBI last week was palpable at the Telangana Real Estate Developers Association’s (TREDA) Property Show. The exhibition which concluded at Hitex, Madhapur on Sunday, was a big hit with more than 70,000 prospective home buyers visiting it.

“This is the sixth time we have organised a property expo and the response was more encouraging than before. We received serious enquiries from buyers visiting the show. Builders and realty companies have got many registrations,” said an enthusiastic K Sankara Rao, a builder and secretary of TREDA.

I have been enquiring about various apartments and projects for eight months around Miyapur and the property show has really helped me. Also since the interest rate has been reduced, we will expedite our decision,” said Rajesh Reddy, a teacher from Miyapur. “

Even the rains could not dampen the spirit of enthusiastic visitors who were spotted going round the stalls, making inquiries and collecting brochures and other publicity material on properties hosted in the show. Bankers were flooded with queries on home loans and the new lending rates.