The real estate scene may be going through its worse stage in years, but that has not stopped buyers from evincing interest in new Real estate Projects or the offers that go along with them. This was in ample evidence at the Times Property Show that began on a positive note at Taj Krishna lawns on Saturday where 14 builders and developers displayed their new and ongoing projects in the city at 24 well designed stalls of the Times Property Home Affair show.
The fair has properties ranging from Rs 8 lakh to Rs 2.5 crore. Commissioner of I&PR, C Parthasarathi, who inaugurated the show, said that the fair gave both builders an opportunity to fight the slowdown. Putting up a fair is itself a brave move, he said. Developers hoped that being the first property fair in 2009, it would wake up the property market and provoke others to give some impetus to the industry. The crowds thronging the fair in the evening certainly made them smile. A visitor Srilekha Sundar said she was pleasantly surprised to find some really good bargains. "The media has been mentioning that rates are coming down and there is scope for negotiations, but I was skeptical. I can seriously consider buying something soon now." Developers were also encouraged by the response. "We expect to finalise some deals here because we found genuine buyers," said one developer who did not want to be named.
Surprisingly the government-owned Rajiv Swagruha Corporation is also here offering properties within a range of Rs 8-37 lakh alongside big names like the Aparna group, Aliens, Aditya Housing, PBEL, INDU, Janapriya, Modi, Saket and fairly new ones like Silpa Real Estate, Madhu Infra and SAP Constructions. There is clearly a wide range of choices, with something for everyone. This fair gives an opportunity both to builders and buyers to get the best deals and value additions. So if one is looking for a good property buy, Taj Krishna is the right venue where the Home Affair ends today.
