NASHIK: After a year of bad luck in the real estate market, Credai Nashik is expecting Rs 500 crore business in the next few months. The four-day real estate exhibition Shelter 2014, which got underway in the city from Thursday, is drawing good response from citizens.
The exhibition got underway on Thursday at the Dongre Hostel ground in the city. The exhibition will be open between 11am and 9pm.
Jayesh Thakkar, president of Credai Nashik, said, "The industry has been facing recession for the past one-and-a-half years. But now, we are gradually coming out of recession. The exhibition will definitely help us to get good business and we are expecting business worth Rs 500 crore in the coming few months."
He said the builders are also giving some good schemes to the consumers, who have a good opportunity to select the home of their choice at a single platform. Over 120 builders have showcased over 500 residential projects at the exhibition.
"Our objective is to help consumers buy properties at the location they want with various options at single place within their budget. The prices of the properties put on display in the exhibition are in the range from Rs 15 lakh to Rs 2.5 crore," he said.
This is the seventh edition of the Shelter, the largest real estate exhibition in North Maharashtra. The exhibition has 328 stalls, including 180 stalls of builders, 40 stalls from banking and financial institutes and rest of the stalls from the building and material suppliers.