Flats in demand, but prices beyond reach

Monday, 5 November 2012 - 8:28am IST | Place: Mumbai | Agency: DNA
Over 80,000 people turned up at the four-day property exhibition organised by the Maharashtra Chamber of Housing Industry (MCHI) at Bandra Kurla Complex .

Developers feel the property market is up and running again after a long lull. Over 80,000 people turned up at the four-day property exhibition organised by the Maharashtra Chamber of Housing Industry (MCHI) at Bandra Kurla Complex .

“It was a fantastic exhibition. Property rates  were quite high but it gave me the current picture. The prices are highly inflated. I saw several properties and zeroed on my choices. I will take a final decision soon,” said Anil Jagtap, who works at a private firm.

Bharat Dhuppar, CMO of Omkar Realtors and Developers, said they received an overwhelming response after the exhibition. “In four days we received almost four spot bookings. My sales team didn’t even get time to have lunch. I am happy that the market has bounced back,” he said.

A sales person said many buyers booked property on the spot and availed the benefit of various schemes. “We are happy that it turned out to be such a successful event. Last year there were no property exhibitions. We were expecting around 50,000 people but over 80,000 showed up,” he said.

An LIC housing finance official who had a stall at the centre said that they received many enquiries and were hoping that people who have registered will apply for loans.

Rajesh Shah, who visited the exhibition, said he has postponed his decision of buying a house. “The rates are beyond my reach. I have decided to stay for some more years in a rented house and hopefully prices will come down by then,” said Shah.

Nearly 120 developers showcased around 15,000 properties in the exhibition.


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