The two-day South Bangalore Property Investment Exhibition, 2014, got off to a grand start showcasing properties by 50 builders in south Bangalore at the Elaan Convention Centre, JP Nagar.
A symposium on real estate, organised as a part of the event, had the builder community and market experts speak on the future of the residential market in Bangalore. The city was projected to have the most active market in the next five years. The south-east market, driven by the presence of IT Parks, made it the most active sector, said Alexander Moore of LJ Hooker.
Debananda Pati, Sr. Vice president Strategy, Provident Housing and Manik Kinra, CEO, FT2Acres spoke on the impact of the Union Budget on real estate and construction. Debananda specified that their premium affordable housing category had customers where 10 per cent were single women.
Sumit Chowdhury of Total Environment said: “This is a buyer’s market. Customers are spoilt for choice,” even as he detailed the company’s two upcoming projects in South Bangalore.
Dinesh Kumar, Director-South, Sales & Marketing, 99acres.com, said, in the last seven years the demand for homes in the Rs.30-60 lakh bracket had grown exponentially. “Bangalore market is interactive, educated and very end-user driven. Delivery-delay is low here and there is a sense of positivity in the market,” he said.
Industry experts Sharad Sharma, MD, State Bank of Mysore; Alexander Moore, CEO, LJ Hooker; Siddhart Goel, National Head Research and Business Analytics, Cushman & Wakefield; Sumit Chowdhury, Chief Project Officer, Total Environment; and Joshua N., Regional General Manager (Advt), The Hindu were part of the inaugural address at the expo, concluding on Sunday.
