Print Edition - 2014-05-12 | MONEY
Real estate expo ends, recording 214k footfalls
May 11, 2014-
The fourth NLHDA Real Estate Expo 2014 concluded on Sunday, attracting 214,000 visitors. The four-day event saw sales of 54 standalone homes and apartment units worth around Rs 270 million.
The organiser, Nepal Land and Housing Developer’s Association (NLHDA), says the event has been a huge success in terms of both peoples’ attendance and bookings. “We are very happy with the response we got as almost all developers received good bookings,” said Minman Shrestha, general secretary of NLHDA.
The property developers say a total of 1,220 prospective buyers have shown interest in purchasing property. “We expect this interest will convert into sales in the next two months,” said Shrestha.
The exhibitors said the expo was successful than last year’s event. “We have been putting our stall every year, but this year we recorded good business,” said Shambhu Phuyal, general manager of CE Group of Companies.
According to Phuyal, CE Group sold nine apartment units during the expo and expressed hope 180 customers who made bookings would buy the apartments within the next one and half months. “We had recorded sales of two apartments and bookings for 30 units last year,” he said.
The expo proved the demand for individual homes and apartments is still there, the developers said, adding homes and apartments in the price range of Rs 4 million to Rs 6.5 million attracted more visitors.
Mahesh Swar, assistant general manager of Kantipur Publications, said the expo was able to accomplish the objective. “We saw may serious buyers with great enthusiasm,” he said. “The expo helped boost trust and confidence of the buyers, besides showing signs for the growth of the overall real estate sector.”
Published: 12-05-2014 09:08