Bangalore, August 25, 2014: Nearly 10,000 prospective home-buyers thronged CREDAI Realty Expo held at Hotel Park Plaza, Marathahalli, on 23rd and 24th of August 2014 in Bangalore.
CREDAI Realty Expo, which had 49 Developers and 6 Financial Institutions participating, was inaugurated by Mr K.K. Malpani, Founder-President, CREDAI Bengaluru, and Mr Ashwini Mehra, Deputy Managing Director, State Bank of India, on Saturday. Other dignitaries present were Mr R. Nagaraj, President, CREDAI Karnataka, Mr Suresh Hari, Secretary, CREDAI Bengaluru, Mr Anil Nayak, CEO, CREDAI Bengaluru.
Speaking on the exhibition Mr. R Nagaraj, President, CREDAI Karnataka said, “The cost of construction has now gone up by 30-40%. Cement prices are also high. But we are keeping the prices same only at this expo. After September there is a possibility of an increase in apartment prices. It is overwhelming to see the kind of support we have seen from people in this expo.”
Pointing out at the positive response from prospective home-buyers, Mr Anil Nayak, CEO, CREDAI Bengaluru, said, “Our Strategy of taking our Realty Exhibitions in different parts of city has been very successful. We are in region of Marthahalli-Sarjapur Road once again and we are happy to have this response of more than 9000 prospective home buyers .”
Mr. Suresh Hari, Secretary CREDAI Bengaluru said “ Realty Expo of CREDAI has been looked at with great respect by the Home Buyers as it consists of only CREDAI members and well reputed Developers. This large number of visiting home buyers shows that the market has good strength and Bangalore Realty Market is in demand”.
The exhibition had some of the top names in the real estate industry participating and providing consumers with some great choice along with the list of the projects of the participating developers being provided by CREDAI with elaborate details..