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Government to promote realty sector
Any sort of help and issues that need to be dealt with would be done by the state government quickly to promote real estate business and encourage buyers, said HRD Minister Ganta Srinivasa Rao.
Visakhapatnam: Any sort of help and issues that need to be dealt with would be done by the state government quickly to promote real estate business and encourage buyers, said HRD Minister Ganta Srinivasa Rao.
Highlights:
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Ganta Srinivasa Rao thank the builders and suppliers for putting up more than 130 stalls at one place catering to the needs of the people - MP Haribabu suggest to the CREDAI to give the houses or flats at reasonable prices to the public
He inaugurated a three-day ‘Property Show Expo’ on Saturday being organised by Confederation of Real Estate Developers’ Association of India (CREDAI)-Vizag Chapter in the city.
Speaking on the occasion, Ganta Srinivasa Rao said owning a house is a must for every family. “Though the government has been implementing many welfare programmes, it would not be possible to give houses for every family. So, this kind of expos will foster relation between the public and house sellers helping the buyer to get more insights about the price and project,” he said.
The Minister thanked the builders and suppliers for putting up more than 130 stalls at one place catering to the needs of the public.
Later, MP Haribabu suggested to the CREDAI to give the houses or flats at reasonable prices to the public as the whole country is looking at the development of Vizag. The annual property expo of the CREDAI-Visakhapatnam chapter is being organised at Andhra University Engineering College Grounds for three days from Saturday.
It is the fourth show of the chapter and around 100 developers will showcase 400 projects at the expo, according to CREDAI Visakhapatnam Chairman GVVS Narayana.
On the first day of the expo, scores of persons have visited the stalls to know about the price of the properties.
Last year, the annual exhibition had resulted in business of Rs. 90 crore in spite of demonetisation. This year business may cross Rs 250 crore. Apart from villas and apartments, the show comprises layouts, building material and interiors.
Around a dozen banks will set up their counters to advice visitors on home loans and help customers to take a decision.
During the exhibition, technical sessions on the industrial scenario and Smart City development would be organised.
The foot-falls at the CREDAI expo had been increasing every year since 2014. While the first show attracted 14,000 visitors, it grew to 21,000 and 32,000 in subsequent years. This year the expo hoped to attract one lakh people.
