The members of the CREDAI (Confederation of Real Estate Developers’ Associations of India) Trivandrum chapter expect a 25 to 50 per cent increase in sales from the ongoing property show organised by it here.

Around 1,500 people are expected to walk into the show, which will conclude on Sunday.

“The people who turn up for the show are genuine buyers who intend to make investments in flats as the show is not clubbed with any other activity. Till Saturday, around 500 visited the show. The number is expected to go up to 1,500 by Sunday as it is a holiday,” CREDAI Trivandrum chapter chairman  S N Raghuchandran Nair said.

This is the third property show organised by the CREDAI here. While the show organised during Onam was meant for Non-Resident Keralites from Dubai, the NRKs from European countries, who are on vacation now, are the target group of the ongoing expo. All 32 members of CREDAI are taking part in it. “After the last two shows, the sales increased by 25 to 50 per cent. This time too we expect a similar response,” Powerlink Builders managing director Pradeep P said.

The builders also heave a sigh of relief since the slow-down in business, which had affected the Kochi market, has not made any impact here.

“The reason for the slowdown in Kochi was the oversupply foreseeing the Smart City project. But the demand-supply proportion here is almost equal, except in the Kazhakoottam IT area where supply is a little more,” Raghuchandran Nair said.

“It is a good sign that the market is showing symptoms of revival after the slowdown witnessed across the country. After the election in five northern states, the market is picking up,” he said.

Thiruvananthapuram, as far as the builders are concerned, is more or less a constant market which has not been much affected by recession.Bank employees and businessmen, apart from NRKs, are the major customers here.

http://www.newindianexpress.com/cities/thiruvananthapuram/CREDAI-Property-Show-to-Conclude-Today/2013/12/22/article1959052.ece