~ Booking closure to the mark of Rs. 30 crores with over 1100 registrations
~ Homes in the range of INR 60lakhs to 1crore garnered maximum enquiries
Chennai, May,2014: IndiaProperty.com concluded a series of flagship property showsGruhapravesh in USAwith impressive spot-bookings and registrations. Around 30 exhibitors showcased 100+new projects from Delhi NCR, Mumbai, Pune, Chennai, Coimbatore, Bangalore, Hyderabad, Vizag, Ahmedabad and more. Over 3000 footfalls and 1100 registrations were confirmed with a booking closure amount of Rs. 30 crores and lead funnel of about Rs. 2100 crores. The expoheld atfour prominent cities in the US (Santa Clara, Atlanta, Dallas & New Jersey), witnessed most number of enquiries for mid segment homes ranging from INR 60 lakhs to 1 crore.Top builders like Godrej, Lodha Group and Puravankara participated in the event.Due to increasing interest of the NRI community in the residential real estate market in India, Gruhapraveshexpanded its reach to two new cities in the US, Santa Clara and Atlanta– after a highly successful international stint in Dubai and Singapore this year.
Speaking about the expo Ganesh Vasudevan, CEOIndiaProperty.com said, “The NRIs showed great interest in investing in properties in India especially in cities of Bangalore, Chennai, Coimbatore and Mumbai. Recently the real estate market saw a temporary slowdown, owing to General Elections 2014. Capitalising on the low prices coupled with expected value appreciation post-elections, Gruhapravesh received a great response from prospective home buyers. The inclination was mostly towards mid-segment housing. Excellent footfalls and buyer interest made Gruhapravesh one of the most successful properties shows to be held in the US.”
About IndiaProperty.com
India Property Online Pvt. Ltd., is country’s leading portal in the online real estate space. Launched in 2006, IndiaProperty.com offers one-stop property marketing solutions serving builders, real estate agents and home owners to sell or rent their properties, while offering a feature rich interface for property buyers to search and identify properties that match their requirement. India Property has pioneered several innovations such as Assisted Property -India’s first online assisted property search service, Gruhapravesh – India’s first series of virtual and offline property shows and India’s first augmented reality based Real Estate Mobile Application amongst others. The portal receives over 1.2 million unique visitors a month, has 4.5 lakh properties listed across 20 cities, 3 million active registered users and over 1000 new projects advertised.