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CBRE, a international property consultants, is holdings its 8th edition of three-day ‘CBRE PropFair 2017’ in Bengaluru.
The 3-day (May 5-7) exhibition being held at BBMP Exhibition Grounds, Shantinagar has over 200 projects showcased by 60 developers was inaugurated by Ram Chandnani, managing director, Advisory & Transaction Services – India, CBRE South Asia.
“This is the first time the event is being organized in Bengaluru, after witnessing great success in Pune and Hyderabad earlier this year,” said A S Sivaramakrishnan, Head, Residential Services – India, CBRE South Asia.
According to Sivaramakrishnan, “Bengaluru has seen housing demand primarily focused in the mid end/high end segment. Across some micro-markets, the affordable segment has also witnessed traction. While buyer sentiment has been cautious in the recent past, the overall market dynamics for the city remains positive. This has resulted in Bengaluru being the most suitable residential destination for buyers besides continuing to be one of the top cities driving demand and supply in the sector.”
Anshuman Magazine, Chairman, India and South East Asia, CBRE said, “Bengaluru’s status as India’s Silicon Valley, coupled with a strong commercial real estate development and leasing activity is having a positive impact on the city’s residential market. With developers focusing on quality and timely delivery of projects, the overall buyer sentiment seems to be improving. With various affordable housing projects also planned across the city, we can expect a further boost for this market in the near future.”
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