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Top 50 builders will display over 150 projects ranging from plots, apartments and villas
~ The show is scheduled for December 7th & 8th, 2013 at Netaji Indoor Stadim, Shahid Khudiram Bose Road
Kolkata, December 3, 2013: IndiaProperty.com, India’s largest online property portal is all set to launch their flagship property show ‘Grihapravesh” at Kolkata. The 24th Edition of India’s biggest property show will be held at Netaji Indoor Stadium, Shahid Khudiram Bose road on December 7 & 8. Around 150 projects will be on display by the top 50 builders.
Kolkata has been the key business and financial centre for east India. Being the capital city it has always been the focus when it comes to real estate. Being an end user market, the city has seen a slow and steady growth. The absorption rate for the residential development is good especially in New Town – Rajarhat, E.M. Bypass and suburbs.
The southern and eastern regions of Kolkata have good investment potential, with 5-7 years gestation period. Behala, Sector V of Salt Lake, EM Bypass, Garia, New Town and Kona Expressway are some of the localities that are witnessing maximum commercial as well as residential activity.
Realtech Nirman Pvt. Ltd., The Banyan tree Group, Mayfair Group, Jaminzaidad, Loharuka Group, Sashwaat Realty, Aliens Group and Lord Group are some of the top developers participating in the property fair and will be showcasing their upcoming projects in and around the city, across segments. Leading banks and financial institutions will be participating in the event with attractive schemes and offers on home-loans for the visitors and interested investors
Mr. Ganesh Vasudevan, CEO, IndiaProperty.com, said “Kolkata has been witnessing increased investor participation with the Government opening new areas for development like Baishnabghata Township and New Town Rajarhat, in 2008 – 2010. Bengalis settled in other parts of India as well as NRIs considered it as a great opportunity to invest in Kolkata as prices in the growing suburban areas were affordable. Owing to global uncertainties and restricted growth in Bengal, Kolkata has not seen proportional appreciation in past 2 years, compared to the spurt in 2008 – 2010. Buyers have become little cautious before investing in new projects. The metro rail under construction will also influence the property prices in the near future”.
About IndiaProperty.com
India Property Online Pvt. Ltd. Is the country’s leading portal in the online real estate space. 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, Grihapravesh – 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.