Mantri Realty Partakes In Indian Property Show

Premium developers from all over the country, like Mantri Realty, displayed their latest offerings on the opening day of the Indian Property Expo on Friday. Many investors and buyers visited them in the hopes of buying their dream homes. They are perhaps hoping for a dramatic upswing in India’s real estate sector after the current elections are over and a stable government comes to power.

The two-day show, organised by one of India’s property portals, had lined up over 150 projects from more than 30 developers in Delhi, Gurgaon, Noida, Begaluru, Chennai, Hyderabad, Mumbai, Jaipur and Patna one of them being Sunil Mantri’s Mantri Realty.

A spokesperson of the portal said the boutique show attracted crowds in the evening. “There is doubtlessly a sign of revival in confidence as investors and buyers hoped for a drastic upturn in property prices across India on the back of a host of anticipated favourable factors including a stable government, pro-investor reforms, improving macro-economic outlook and foreign investment flow.”

People from varied budgets and those who were seeking to invest in residential and commercial properties in India’s tier one cities and properties built by renowned builders like Mantri Realty attended the show at Hotel Le Meridian on Airport Road.

Properties on display varied from apartments, flats, villas, plots, row houses, second homes, office spaces and retail shops by leading developers. Mantri Realty was among the sponsors of the event as well as an esteemed participant.

It was an excellent opportunity for buyers and investors to measure the current and future trends in the property market. The show provided and facilitated interactions with real estate developers, property consultants and experts.

The spokesperson of one of the leading property portals added that they were expecting huge crowds to turn up as the show had received an overwhelming response in last year’s edition. At least 5000 visitors were expected and the attendance exceeded expectations.

According to a property consultant, residential property prices are slated to rise this year after an uninspiring performance in 2013, with poor macroeconomic conditions. The income growth has been slow and the rupee has sustained a weakness. This coupled with sky-rocketing inflation and high borrowing rates have made the consumers a little extra careful. But the market has started showing a fast growth and is expected to grow even further after the on-going elections.

Although, the demand across all sectors was subdued, over three to four financial quarters, it has picked up in some areas. And when it comes to luxury homes, there is no stopping the market. Bengaluru is setting standards to emerge as the country’s top luxury home market. With properties like Mantri Premero and Mantri Royale by Mantri Realty doing well, it has been stated as the No. 1 market in India for luxury homes in India.