540 homes sold during Maharashtra property exhibition
Jan 22, 2014
Source : The Times of India

 

THANE: Over 92,000 people visited the 13th property exhibition organized by the Thane unit of Maharashtra Chamber of Housing Industry ( MCHI) - Confederation of Real Estate Developers Association of India ( Credai).

The four-day exhibition concluded on Monday, January 20. Last year, the number of visitors at the exhibition was 80,000.

Jitendra Mehta, secretary of Thane MCHI-Credai, said, "For the first time in a decade, developers sold 540 apartments during the exhibition period itself. Sales across the counter never took place post 2005 when visitors would check various projects in the exhibition and take a decision of buying later. Of 543 flats, about 150 flats were sold in projects located in Bhiwandi, 50 flats were sold in a project by Aarambh on Ghodbunder Road (that offered 1BHK flats of about 550 sq ft for approximately Rs 42 lakh) and the remaining were sold by other developers in Thane district,'' said Mehta from Mehta Group. Housing finance companies and banks also did brisk business. Information of about Rs 700 crore worth home loans being sanctioned on the spot for discerning visitors was also revealed.

Developers said that the response indicates the revival of the realty sector in Thane, which is a preferred residential destination. "The registrations revealed that most of the genuine buyers from Mumbai topped the visitors' list, followed by residents of western suburbs, South Mumbai and Navi Mumbai. Most of the visitors from Mumbai had come with an idea of making Thane their home and also because of great value deals offered on many projects by various developers,'' claimed Shailesh Puranik, president of MCHI-Credai, Thane.

Himesh Patravala, a businessman from Byculla has booked a spacious, well-furnished business space in a premium IT hub at Wagle estate and has booked a palatial residence at Ghodbunder Road. Siddharth Vasandani, a resident of Tardeo has purchased a 5BHK house in Thane. He said,"I cannot dream of owning this in Mumbai for the value I spent here."

 

 

 

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