STOCK MARKET BSE NSE

CREDAI property show kicks off on grand note  

The 4th property show of the Confederation of Real Estate Developers Association of India (CREDAI) took off on a grand note here on Friday.

Published: 07th January 2017 05:23 AM  |   Last Updated: 07th January 2017 05:23 AM   |  A+A-

By Express News Service

VIJAYAWADA: The 4th property show of the Confederation of Real Estate Developers Association of India (CREDAI) took off on a grand note here on Friday.With demonetisation tensions easing a bit, the realtors are hoping that things would get better. Despite the dip in the number of land registrations post demonetisation, the realtors say the sector remained unaffected. 

Since there is no cash component, the currency shortage will not affect the prices, they argued. Things are looking brighter as the banks are offering attractive loan options.CREDAI Vijayawada unit president Siva Reddy says a majority of the builders are securing bank loans and are entering into joint agreements with plot owners to circumvent the cash problems. Demonetisation actually benefits the housing sector as the housing loan rates got slashed to 6.5 per cent from 9 per cent, he said. 

“We are marketing our bricks by setting up a stall in CREDAI. We are happy that the customers are preferring bio-green technology in a big way,” NCL Flyash Bricks sales officer B Sudheer Kumar said.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp