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“The housing demand in the country is very strong. Especially in Bengaluru, IT and start-up trend is creating a lot of job opportunities which in turn helping the housing market,” said Ashish Puravankara, President, CREDAI Bengaluru.
Speaking at the inauguration of CREDAI’s Annual Realty Expo 2019 in Bengaluru, Puravankara said “Our expo not only caters to the people who are looking at buying a house, but it also presents a plethora of options to millennials interested to invest in real estate sector.”
“The GST rate cut will provide a much needed relief to this sector. People who are currently unable to decide due to the price and tax factors will be inclined to make new decisions as the new GST rates are conducive and more affordable,” he added.
According to a report by CREDAI, during the second-half of 2018, residential property sale in the city surged by 35 per cent compared to the previous year 2017. The department of Stamps and Registration shared that the real estate market in Bengaluru recorded nearly 20 per cent rise in revenue from property registrations in the last seven months of 2018 in comparison to 2017. This indicates that the property buyers are not in a “wait mode” as the city has been offering the best residential properties at a better price.
CREDAI Realty Expo
The Realty Expo has offered a unique experience to all its visitors in terms of buying their dream home and providing real estate and financial suggestions, all on a single platform.
In the wake of GST rate cuts, increasing residential sales and new project launches, CREDAI-Bengaluru is holding its Realty Expo 2019. The expo is being held on two consecutive weekends starting on March 2-3 at Hotel Lalit Ashok, Kumara Krupa High Grounds and on March 9-10 at RadissionBlu (Park Plaza), Marathahalli.
Expo 2019 has attracted about 30 developers and seven financial institutions. The two-day expo will conclude on March 3. The expo was inaugurated by D Vijaya Kumar, Circle Head and GM, Canara Bank, Bengaluru, Abey Abraham, Zonal Head, Mortgage, ICICI Bank, Jagadish Chandra Sahu, DGM (REHBU), SBI, K K Malpani, Founder President, CREDAI Bengaluru, Adarsh Narahari, Secretary, CREDAI Bengaluru, Bhaskar T Nagendrappa, Jt Secretary, CREDAI Bengaluru, Bimal Hegde, Chairman, CREDAI Expo Committee, Austin Roach, President, Elect, CREDAI Karnataka.
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