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CREDAI Pune to launch second property exhibition today

With the better than expected response to their previous property exhibition,the Confederation of Real Estate Developers Association of India...

Written by Express News Service | Pune |
June 5, 2009 3:45:28 am

With the better than expected response to their previous property exhibition,the Confederation of Real Estate Developers Association of India,Pune (previously known as PBAP) will launch its second of the series of 8 property exhibitions- the Best of East starting from June 5 to June 7,at Weikfield IT Park,Viman Nagar,Pune.

“At the last area specific property exhibition,the Association had over footfalls that later converted to bookings in a span of one month,” says Anuj Bhandari,chairman exhibition committee,CREDAI (Pune),” we are very happy with the response to our last exhibition. We had 450 bookings as a result of the Best of West. People’s sentiments about home buying is changing as is evident from the response.”

The reasons for this,says Bhandari are several.

” Many factors are contributing to this upward movement in home sales. First and foremost the prices have rationalised. Add to this the push the RBI has given to the realty industry by improving liquidity and reducing interest rates. ”

Experiencing this buoyancy,the Association is launching its second exhibition that will showcase properties in the east of Pune that will cover areas such as Viman nagar,Kharadi,Dhanori,Wanowrie,Manjiri,Undri,Koregaon Park,Kalyani Nagar etc. Over 100 projects from 35 developers will be on sale. Says Bhandari,”we have flats that suit every budget. Starting form Rs. 10 Lakhs the Association members have 1 bedroom 1 and a half bedroom,2,3 4 and even bungalows are available at the Best Of East exhibition.’’

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