CREDAI Bangalore organized its First Expo for 2014 on March 29th and 30th

CREDAI Bangalore the Real estate developers’ body organized its first new expo in 2014 on March 29th and 30th in Bangalore.

The Expo was a zone-wise realty exhibition with selective locations that displayed properties from 31 builders and financial institutions and invited many prospective buyers in Bangalore.

The CEO of CREDAI Bangalore said the expo provided details to the prospective home buyers on various projects of developers who participated and zone-wise projects in the city.

A view of office space demand in India

A recent report has showed that the India office space demand is likely to grow by 7 per cent in 2014 totaling to 29 million sq. ft. in seven major cities of the country. Few points were highlighted in the report like:

• Office space rentals will be stable in first half of 2014 and rental values will increase in the second half of 2014
• Post general election, economic activity and growth are likely to happen in second half of 2014 which will increase the demand for office space by 7 per cent in 2014
• 40 per cent of end-users who were surveyed said that they need office space

A view on housing projects in India

The increase in value and decrease in the demand has forced the real estate developers and builders across the country to focus on affordable housing projects.

Sales Volume of 25 listed real estate companies dipped in Q3

In the first half during the quarter ended December of previous year, about 25 listed realty companies saw drop in sales volume and factors for this is considered as low demand, high borrowing rates, delay in construction, liquidity crisis due to high cost of funds and delay in approvals.

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