Mr. Ganesh Vasudevan, CEO, IndiaProperty.com, said, “Bangalore, which has performed well in the real estate space compared to other metro cities, home buyers of diverse profiles, who can benefit from this event showcasing about 1,000 new property & 100 builders from Bangalore, Chennai, Coimbatore, Hyderabad & Kerala.”
The property show will provide a one-stop solution for plot of and house buyers, sellers, agents, housing loan companies and allied services industries.
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| Mr. Ganesh Vasudevan |
Panel discussions scheduled to be a part of this show will enable customers to interact with industry experts on queries related to property buying.
Mr. Ganesh Vasudevan also said, “This show, which is an extension of the online support to both buyers and developers, provides an opportunity for all real estate stakeholders to interact with each other and mutually benefit on a common platform.Having a large middle-class salaried segment, which comprises educated and well-aware house buyers, Bangalore reflects the sentiment of ‘investment in real estate’ as one of its top agendas. The housing market in Bangalore is expected to stay positive, given that the key determinants driving real estate absorption have shown a positive trend – lowering of housing loan interest rates & a continued stable job environment. As it has always been, the IT sector lends the positive investment trend to the Bangalore city. In spite of small bumps, the IT sector has not seen a decline in either recruitment or remuneration, indicative of a largely healthy industry ahead. We recommends new house buyers to look at ready to occupy property before booking new flats or getting into pre-launch offers.”
As indicative in Quarter 1 2012, about 88% of property seekers were looking to buy a property within the next 4 months, so the market has bounced well enough from the dip in Q-3, 2011, when only 46% were looking to buy before the financial year (2012-13)”
The real estate assessment by the portal also had it that the southern part of Bangalore has seen maximum project launches over 2 years now, with Bannerghatta Road, Kanakapura Road & Sarjapur Road being the main locations in focus.
The supply-demand price gap has also narrowed this year. For example, on Sarjapur Road the buyers’ demand is Rs. 3,153 per square feet compared to the projects priced at about Rs. 3,563; on Kanakapura Road buyers wish for Rs. 2,886 while the developers demand Rs. 3,377; and in Whitefield while builders ask for Rs. 3,749, people want it at Rs. 3,260.
These 3 localities are where the action is going to be for the next couple of years. Kanakapura Road & Whitefield have seen a hike of 11% in investors entering the market, compared with the average 5.2% in Bangalore as a whole.
The preference for Two - BHK units by the salaried class is also seeing a huge 50% increase on Kanakapura Road, Bannerghatta Road & Sarjapur Road.
About Indiaproperty.com..!
Indiaproperty.com has many customer service initiatives in the online real estate industry & the new ‘www.ask.indiaproperty.com and the ‘Call-n-List’ features come right after their recent launch of Augmented Reality powered mobile application for all leading smartphone platforms.
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