KATHMANDU, MAY 11 -
The ongoing NLHDA Real Estate Expo 2014 have attracted a large number
of visitors at Bhrikutimandap in the Capital, with the organisers
claiming more than 75,000 people visited on the weekend.
Attendants at stalls featuring models of stand-alone house to
apartments, furniture and furnishing, to paints, were busy dealing with
visitors’ inquiries throughout the day. “We had to extend the opening
hour of the expo due to significant inflow of the visitors,” said Min
Man Shrestha, general secretary of the Nepal Land and Housing
Developers’ Association (NLHDA). He said this was the best turnout yet
the real estate sector has witnessed in recent times. Supposed to close
at 6pm, the expo remained open till 7pm to allow in the visitors waiting
to get in.
The expo also witnessed a number of spot bookings for properties.
“Almost all property developers have reported that they had sold at
least one to two residence units,” said Shrestha. Some of have even
managed to close the deals on as many as seven residence units on
Saturday itself. “Two units of apartment from my own project have been
sold.”
According to Shrestha, the event provided a great opportunity for
potential buyers to make wise decisions on their projects which have
been completed as well as those on the verge of completion.
The provision of Property Clinic on the expo premises has made it
easier for the potential buyers to make inquires on legal advice, vastu
shastra and other construction related matters such as
environment-friendly buildings and earthquake resistant homes.
An attendant of Shangrila Housing reported that they have witnessed a
high level of enthusiasm among the visitors making inquiries about the
projects. “The number of inquiries suggests they are seriously haunting
for property,” the attendant said.
The expo put on offer properties, with their prices ranging from Rs 2
million to Rs 400 million. According to the developers, properties
priced in the range of Rs 4 million to Rs 10 million are receiving a
maximum number of inquiries.
The fourth edition of the expo has 83 stalls showcasing housing and
apartment projects along with stalls featuring construction materials
such as cement, steel, paints, pipes, and fittings and sanitary wares,
among others. Also on display are furniture, interior designs,
decorative items, water purifiers, electronic goods and automobiles.
There are also bank and financial stalls, offering attractive home loan
packages. The event concludes on Sunday.
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