Smart homes and properties near metro stretch draw the attention of potential home buyers

In the wake of GST rate cut and other tax benefits, first edition of CREDAI Realty Expo, held on March 02-03, 2019 at The Lalit Ashok and March 09-10, 2019 at Radisson Blu, saw a good response from the first-time home buyers. Estate properties near the metro stretch observed inflow of more enquiries from the potential customers as it provides end-to-end connectivity. With different tax benefits and affordable housing loans made available, the trend towards investing in properties in different locations in Bangalore by millennials is also on the rise. Smart home was the key attraction for many of the tech-friendly millennial customers. Speaking about the expo, Jayanand Singh, an IT employee said, “CREDAI Realty expo gave me an opportunity to meet different realty developers from the city. The advantage of this expo is that offers a single platform where potential home buyers like us get to meet more than 30 developers at one shot.” Elaborating on the CREDAI Realty Expo offers Shankar Sastri, President, CREDAI Karnataka said “It is a unique platform where we make our potential customers meet different developers and bankers. We associate with various financial institutions who help our customers to finalize on their decision.” From the sources of the leading Banking Partner, they had more than 200 enquires and they have done 107 Home Loan spot approvals, during the 2 day expo at Radisson Blu.  The projected business on Housing Loan could be more than 50 crores in these 2 days. Highlighting the real estate market in Bangalore Ashish Puravankara, President, CREDAI Bangalore said “Bangalore being primarily end-user driven has more or less been one of the more stable markets in terms of real estate. With the growing IT/ITES & now the start-up community in the city, the housing demand is growing every day. To keep up with this strong latent demand, developers are constantly innovating with unit sizes, smart homes, environment-conscious homes, innovative green spaces. Now the metro line is attracting developers to build in the vicinity, which should address the woes of the daily commute too.