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A realty exhibition that has something for all

Last Updated 27 September 2014, 19:39 IST

People from all walks of life converged on the Deccan Herald Real Estate Expo, one of Bangalore’s important platforms which brings builders and buyers together enabling them to strike deals that help both.

Young working couples in their thirties with little kids - typically a family of three, working executives, elderly citizens, middle-aged parents and their only son or daughter were all there at the Jayamahal Palace Hotel grounds on Saturday where the two-day expo is being organised.

All of these people constitute the thriving urban middle class with strong aspirations to live a quality life. And that begins with a good home the expo has on offer.
Vistors to the expo had different opinions. Some felt it was neatly presented, giving them every bit of information, while others felt it should have had more small and medium real estate players and lower price points.

Shankara Rao, an elderly telecommunication expert, is looking for a good buy on behalf of his son who lives in Virginia, US. “Everything here neatly presented. The stalls are spacious, the staff responded to all my requests.

The interaction with developers was also very good. My son has told me to select a quality house. I have got all the information I wanted and will mail details to him. We have a budget of up to Rs 1 crore. But we have to pay heavy maintenance fee if we buy an apartment. So, we still have to work out the best option.”

A young working couple, Supratim Paul and Richa Verma, both tech consultants, said the expo gave them what they required. “The expo has been well organised and has represented major builders. It also has a variety of projects. We did not see a single hurdle during our visit.”

A college graduate, Arun Prasad in his twenties, said the expo was good as it showcased land too, and not apartments alone. “I came across a company showcasing land. Our family is looking for villa plots. We have a budget of Rs 50 lakh. We want land to build our own house.”

Pandarinath T N, IT professional and businessman, looked up many stalls and felt that the expo should have had one on green buildings. “All the big real estate players are here. We were also looking for small and medium players. I was also looking for green, energy-saving homes. Otherwise, I have all other information. I have to take a decision based on what people close to me would also like.”

Satyanarayana, a finance professional, said the options were good but the price points should have been lower. “Prices are a bit high. We were looking for homes at Rs 1,500 per sqft, but what we see here is Rs 3,000 per sqft and more.

Neelesh N, an engineer in his thirties, felt that the expo should have had more options. “There is choice, but we need more. And the pricing at the expo starts at Rs 3,000 per sqft, while I was looking for rates around Rs 1,500 per
sq ft.”

Chandrashekar S, retired professor, University of Agricultural Sciences, said the overall organisation of the expo was good and offered many options. “But the prices were on the higher side. I understand mine is conservative thinking but that’s the way we have been brought up. We need lower prices, too.”

The expo showcased projects in north, east and southern Bangalore with a couple of projects in the western sector. Bangalore west needs more projects if it has to be seen as a catchment area.

The other three regions constitute the information technology belt, which has been upping the real estate market for nearly 25 years. Bangalore in the eighties was not a real estate hotbed, like it is post-2000. And when IT went full steam in the late nineties and post 2000, property was the first priority for the tech class. And still is.

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(Published 27 September 2014, 19:39 IST)

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