Asian News

India Property Fest exceeds expectations

54 property developers showcased their projects being developed in Delhi, Gurgaon, Noida, Baroda, Mangalore, Mumbai, Bangluru, Chennai, Hyderabad, Goa, Kerala and other parts of India.

Abu Dhabi — Over 3,000 property buyers turned up at the India Property Fest that concluded in Abu Dhabi on Saturday, an organiser said.

“We were expecting 2,000-plus footfall and the investors’ response was very strong,” Pradeep Pinto said while speaking to Khaleej Times.

He said 54 property developers showcased their projects being developed in Delhi, Gurgaon, Noida, Baroda, Mangalore, Mumbai, Bangluru, Chennai, Hyderabad, Goa, Kerala and other parts of India.

Pinto said housing units starting at Rs600,000 up to Rs500 million were exhibited and investors showed great interest in them.

The most luxurious property offered at the show were villas planned to be built in Mumbai’s posh neighbourhoods of Andheri, Malad and Bridge Candy areas.

However, a single-bed room apartment was available at an apartment complex in the Mangalore city centre.

Reviewing India’s property market, in the last two quarters biggest property developer DLF said on May 21 that a pick-up in office leasing has helped it rent out close to 1.5 million sqft, even as most residential micro-markets it is present in are experiencing muted sales.

source-http://www.khaleejtimes.com/

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