CREDAI Bengaluru announces “Super Saver Realty Expo 2021”
Super saver realty expo to be held on 6thand 7th March
Bengaluru: CREDAI Bengaluru, one of the most credible real estate bodies in the state, has announced “Super Saver Realty Expo 2021”. The expo will be held at Radisson Blu, Marathahalli on Saturday, 6th and Sunday, 7th March 2021. A total of 24 developers will be participating in the expo. Additionally, seven financial institutions will also be present at the expo venue to assist home buyers regarding home loans and the benefits offered by them. CREDAI Bengaluru Realty Expo is one of the largest platforms for developers, buyers and banks.
Bengaluru has emerged as the best city to live in India in the government’s Ease of Living Index 2020. Over the last decade, the city has emerged as the hottest destination for all kinds of realty trends including luxury homes, smart and affordable homes, student housing, co-living for migrating millennials and co-working office spaces. IT, ITeS and Startup firms are driving this positive demand. The aftereffects of GST, demonetization, RERA and the immediate effect of Corona and the resultant lockdown has influenced the market in a positive way as only credible players and projects continue to exist. The process of acquiring a home has become very simple and easy, also time-bound with all the promised amenities, for the buyer. With housing demand set to increase in 2021, real estate players are quite excited by the growth opportunities that lie ahead.
After a turbulent year, the Indian residential real estate market is beginning to bounce back from its pandemic blues, registering a 51 percent quarter-on-quarter increase in residential sales in Q4 2020. The sales from the third quarter of 2020 has been significantly higher than the preceding quarters. Bengaluru, along with other major metro cities have had almost 84% of sales
in the third quarter, which indicates that people are looking for their own comfort zone and investment. With the new ‘work from home’ policy, millennials are also keen on investing in the affordable housing sector. Moreover, the interest rate being at the lowest, has prompted many emerging real estate players to introduce newer concepts, giving a boost to the sector. This has also encouraged potential buyers to invest in the property.