With the demand for homes in the Rs. 30 lakh to Rs. 60 lakh having grown exponentially in the last three years, The Hindu ’s ‘Budget Homes Property Investment Options’, which opened on Saturday saw another great turnout.
The third edition of the affordable housing event showcases plots starting from Rs. 10 lakh, apartments from Rs. 12 lakh and villas from Rs. 60 lakh. A mix of mid-segment and lower-segment real estate developers are participating at the event. Prestige Group, Aswani Properties, Godrej Properties, Provident, Concorde and DS Max are among the 50 developers taking bookings for upcoming properties in Bangalore’s fastest growing suburbs of Whitefield, Electronic City and north Bangalore areas.
“We’re looking for a home for investment purposes. We spoke to quite a few builders today and will be following up with a booking next week,” said Jyothi Srikanth, a working professional.
“A number of walk-ins have been of those looking to book their first home,” said Shekhar Bharadwaj, Director, Brand Managers.
State Bank of Hyderabad, banking partners for the event, is offering in-principle sanction advice to homebuyers at the expo, for pre-approved projects. The bank’s housing loan product, SBH Smart Homes, offers a competitive interest rate of 10.25 per cent up to Rs75 lakh. Above this amount, the rate of interest is 10.35 per cent.
Pre-registered visitors to the event will be provided with the services of a personal relationship manager, who will guide them through the expo. The expo will end on Sunday. It is open from 10 a.m. to 7 p.m. at the Koramangala Indoor Stadium.
