The 3rd edition of Gruhapravesh in USA- a flagship property show by IndiaProperty.com

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The Property Times News Bureau
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Chennai, May 20,2014 :
IndiaProperty.com concluded a series of flagship property showsGruhapravesh in USAwith impressive spot-bookings and registration s . Around 30 exhibitors showcased 100+new p rojects from Delhi NCR, Mumbai, Pune, Chennai, Coimbatore, Bangalore, Hyderabad, Vizag, Ahmedabad and more. Over 3000 footfalls and 1100 registrations were confirmed with a booking closure amount of Rs. 30 crores and lead funnel of about Rs. 2100 crores.
The expoheld atfour prominent cities in the US (Santa Clara, Atlanta, Dallas & New Jersey), witnessed mostnumber of enquiries for mid segment homes ranging from INR 60 lakhs to 1 crore.Top builders like Godrej, Lodha Group and Puravankara participated in the event.Due to increasing interest of the NRI community in the residential real estate market in India, Gruhapraveshexpanded its reach to two new cities in the US, Santa Clara and Atlanta– after a highly successful international stint in Dubai and Singapore this year.

Speaking about the expo Ganesh Vasudevan, CEOIndiaProperty.com said, “ The NRIs showed great interest in investing in properties in India especially in cities of Bangalore, Chennai, Coimbatore and Mumbai. Recently the real estate market saw a temporary slowdown, owing to General Elections 2014. Capitalising on the low prices coupled with expected value appreciation post-elections, Gruhapravesh received a great response from prospective home buyers. The inclination was mostly towards mid-segment housing. Excellent footfalls and buyer interest made Gruhapravesh one of the most successful properties shows to be held in the US.” CCI Newswire

 

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