The Times Property Expo which was held in New Delhi, came to a successful end on Sunday. Although the two-day expo had very limited options for customers wanting to buy a holiday home, it saw the participation of more than a dozen of well-known names in the real estate industry and received good response from prospective buyers on both days.
Holiday Home Times visited the expo on both days and spoke to several developers and the organisers to capture the mood of the buyers in the face of higher interest rates and inflation. Some of the leading names who participated in the expo were Arrow Infra Ltd. (Hero Group Co Ltd), Achievers Builders Pvt Ltd, Divine India Infrastructures Pvt. Ltd, Express Builders, ILD Group, Jaypee Greens, Parsvnath Developers, and Raheja Developers. While the expo focussed on residential flats and plots, commercial properties, office complexes, malls, SEZs and IT Parks, it fell short of options for buyers seeking holiday homes or second homes. The only option being Holiday Homes, Haridwar from Arrow Infra Ltd, a Hero Group Company. Offering 1, 2 and 3 BHKs of various sizes, the project is located in the holy city of Haridwar in Uttaranchal.
Highlighting the features of this project, Mr Kaushal Kishore Sharma, Asst. Manager – Sales & Marketing from Investors Clinic, who is marking the project said, “Holiday Homes in Haridwar will be a gated complex with 2-tier security and 75 percent open and green area.”
“Apart from 100 percent power back-up and 24 hours water supply, there will be a club, mall, multiplex and a hospital.”
“Holiday Homes in Haridwar Greens has been designed as a self sufficient and environment friendly complex by leading architects from Canada,” Sharma added.
Meanwhile, a satisfied Mr Manish Singh, Assistant Manager (Events), Times Group, told this correspondent, “The turnout of visitors on the first day was lukewarm, but today (second day) the turnout is pretty good. I have contacted most of our exhibitors and they tell me that they have received several confirmed bookings…plus they have been able to get in touch with numerous prospective buyers who have showed interest in their projects.”
“Considering the current state of the real estate sector, the turnout was positive, to say the least,” Singh added.
However, our correspondent met up with a couple of disappointed visitors too. “I have come from Noida. I’m looking for a house in North Goa. But there was no developers from there. For me it was a wasted exercise,” said Anup Jain a resident of Noida Sector 21, who is looking for a second home in Goa.
“I wanted to invest in a property somewhere in the mountain ranges of Himachal,” said Vishal Batra a mid-level management in a HR-cum-PR firm in South Delhi. “However I’m not sure whether an outsider can buy a property in Himachal Pradesh or not. I came hoping that there would be a legal person from the organiser’s end who can answer these questions. But there were none. Plus, there are no builders or projects from the state…seems like I will have to do some net search,” he added.