GST Rate Cut and Tax Benefits attract potential home buyers to CREDAI Realty Expo
CREDAI Realty Expo taking place from last two consecutive weekends witnessed more enquires for the properties near the metro stretch from potential customers from different locations. Also, there is an increased enquiry from the millennial customers on the smart homes.
Tax benefits announced in the union budget for the home buyers and the GST rate cut has attracted the attention of several potential home buyers in the city. Many fence sitters are deciding on buying the property as the prices are still stagnant. More queries from the visiting families and also first time home buyers in the expo on affordable to luxury homes is the indication which shows customers are serious about their buying decision. Many potential home buyers have visited CREDAI expo to meet the various developers from different parts of city who can offer them the best service.
Speaking on the demand for real estate in Bangalore Shankar Sastri, President, CREDAI Karnataka said “Reforms like RERA, GST have made us strong and we are moving ahead with these marquee announcements. Customers were demanding for more stabilization in the real estate industry through RERA and GST price reduction. Both have been addressed. Now there is no ambiguity in terms of pricing in the market. In Bangalore, real estate has always done well as our developers offer good pricing for the best quality projects.”
Commenting on the benefits for the home buyers Abey Abraham, South Head, Mortgages, ICICI Bank said “CREDAI implies to credibility. We are here to support all the developers and home buyers and to provide them the right kind of assistance while purchasing a property. We want to create a win-win situation for developers and home buyers”.
Speaking on the expo Anil Nayak, CEO, CREDAI Bengaluru said “Generally we see families visiting our exhibition and it is a clear indication that these are the prospective home buyers since home buying is a family affair. Tomorrow is the last day of the first edition of our expo. This will be the right time to visit us as the next edition will be only after six months.”
CREDAI Realty Expo inaugurated today at Radisson Blu Marathhalli by K K Malpani, Founder President, CREDAI Bengaluru, Shankar Sastri, President, CREDAI Karnataka, Bimal Hegde, Chairman, Realty Expo Committee, Anil Nayak, CEO, CREDAI Bengaluru, Chitra Datar, Deputy GM and State Zonal Head for Karnataka, Bank of Maharashtra. The expo will continue till March 10 at Radisson Blu, Marathhalli.