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BUILDERS ASSOCIATION OF NAVI MUMBAI CLAIMS RS. 400 CRORES BUSINESS AT 9TH MEGA PROPERTY EXHIBITION

banm1The Builder’s Association of Navi Mumbai’s 9th mega property exhibition received phenomenal response as far as the numbers of visitors. The exhibition, that the builders claimed generated Rs. 400 Crore transactions wrapped up on the fourth day in a simple closing ceremony. Rs. 400 Crore – that’s the amount of the transactions made at Builder’s Association of Navi Mumbai 9th mega property exhibition. Sounds unbelievable but the association and builders claim that it is true. Organized at the backdrop of the Mumbai terror attacks and global economy crisis, it was nothing short of a challenge for the Builder’s Association to hold property fair this year. But the association did go ahead with its plans and as far as the numbers seen during the exhibition is concerned, the response was nothing short of phenomenal. What drove the crowds in lakhs was that for the first year home buyers came with the hope of finding affordable homes in the budget, courtesy the Haware’s Group’s Nisarg scheme and also because there has been price correction in property rates. The closing ceremony saw DCP R D Shinde presiding over the event as the Chief Guest. Like has been a tradition, even this year builders and financial institutes with the best designed stalls were awarded at the closing ceremony. The price for the best 1 stall design went to Balaji Builders, the price for the best 2 stalls design went to Kamdhenu builders, the price for the best 3 stalls design went to Goodwill Developers, the price for the best 5-6 stalls design went to Regency Group and the best design for the financial institute went to State Bank of India. In his address, DCP R D Shinde made two significant points – one that builders should incorporate security measures at their projects inclusive of security at entry points of societies, CCTVs and locking system of flats. He also stressed upon the need for builders to make sure that they provided ample parking space and adhered to parking norms so that it helped regulate the traffic concerns of Navi Mumbai. DCP R D Shinde added said that such property exhibitions should also have companies making security equipments as participants so that home buyers can study the latest security gadgets available in the market. BANM President Nalin Sharma informed NMTV News about the big business of Rs. 400 Crore they have made this year. He added that another winning factor of the exhibition was that there were homes being offered for LIG and MIG. Though its’ not hidden from anyone that the construction industry is in slumps, the exhibition has given a hope to builders across all sections of converting some enquiries into business in the coming few months. How much of this actually happens – will however remain an anxious wait and watch. With camerapersons Vikrant Baile and Vinayak Dalvi, Zeba Warsia for NMTV News.

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