NAREDCO president: We hope for 40,000-50,000 visitors at the expo

The Indian Express | 2 months ago | 01-10-2022 | 11:45 am

NAREDCO president: We hope for 40,000-50,000 visitors at the expo

With the three-day property expo “Homethon 2022” commencing from Friday, SWEETY ADIMULAM speaks to National Real Estate Development Council’s (NAREDCO) state president SANDEEP RUNWAL, about what the expo has to offer for buyers and the sector’s expectations from the state government.What are the expectations the real estate has from this expo, which is taking place post-pandemic?The properties are scattered, and people have to travel from one place to another. We have tried to bring everything under one roof. One can compare home loans, and banks under one roof. The expo offers flexibility and convenience of buying. It is one of the primary things that a person will experience when he comes in and buys a house at a hometown expo. The developers are also giving limited offers during these three days. So, one can avail of flexible interest rates, flexible payment plans and lower booking amounts.How many developers have participated in this expo? What is the NAREDCO expecting in terms of property buying and registration?Around 150 developers from Mumbai, Pune, Nashik, Vidharbh and Surat are participating in the event. Besides, 15 to 20 banking financial institutions are also taking part in the event. We already have 28,000 people pre-registered on our website. We are hoping for a minimum of 40,000-50,000 visitors at the expo.What all demands have been put before the new state government?We are on a good steady run rate, and we are hoping this continues and the market remains strong. However, in the long run, the government needs to look at the taxes, which we are paying; whether it is us or the consumer because we end up paying GST, stamp duty and various types of premiums to the government. If the government take a holistic view, it will realise that more than 50-60% of our cost goes to the government. It is time to look at those costs because then only we can make housing more affordable.Why should an investor choose real estate when one has so many other investment options?There is always a steady growth in the real estate sector. You can put your money in stocks and bonds but these markets are volatile. Also, a buyer is not a financial investor. Home buying is the safest investment you can make in your life.What are the price of houses that a buyer can get at the expo? Your message as a developer.In Mumbai, the cost of houses varies from Rs 100 crore for an apartment to as low as Rs 50-60 lakh. So, it is individual affordability which determines the buying power. I would say the NAREDCO property expo is one of the best opportunities to buy a dream home and it is the place which one should visit for sure.

Google Follow Image

Similar News

In latest Shivaji row, a BJP minister among the richest in Maharashtra Cabinet
The Indian Express | 3 hours ago | 02-12-2022 | 02:45 pm
The Indian Express
3 hours ago | 02-12-2022 | 02:45 pm

Mangal Prabhat Lodha is a quiet man. At the BJP headquarters here, his colleagues say that the Cabinet minister operates silently — not flaunting his power and always speaking to a select group of people. The image of quiet efficiency is quite different to the public persona of a firebrand Hindutva votary and this combination helped the former Mumbai BJP chief become a member of the Eknath Shinde-led government. At present, he holds the portfolios of tourism, and women and child development.On Wednesday, Lodha lit a political firestorm by comparing 17th-century warrior Shivaji’s historic escape from the Mughal court in Agra with Shinde’s defection from the Shiv Sena that led to the fall of the Maha Vikas Aghadi (MVA) government in June. The comments came at a time the BJP was looking to move past the row Governor Bhagat Singh Koshyari had triggered two weeks ago by calling Shivaji an icon of olden times. Koshyari’s remarks put the BJP on the defensive and it spent the subsequent days parrying the Opposition’s attacks, but the optics surrounding the Lodha episode is worse as the comments came at an event that the CM attended.Shinde, along with his Cabinet ministers, were in Satara on Wednesday to celebrate 363rd Pratapgad Din, the state government’s annual celebration of Shivaji’s assassination of Afzal Khan, a commander of the Adil Shahi dynasty of Bijapur, at the foothills of Pratapgad Fort. “Shivaji Maharaj who was held hostage escaped from Agra by dodging Mughal emperor Aurangzeb … Shivaji escaped from Agra for swarajya (independence) Similarly, Chief Minister Eknath Shinde was also confined by somebody. But Shinde also came out from confinement in the larger interest of Maharashtra …”Amid backlash from the Opposition, the BJP left Lodha to deal with the fallout and none of its top leaders defended him publicly. Party insiders said the leadership had categorically told everyone to exercise caution while speaking on historical events or people. The BJP has now chosen once again to distance itself from the row and allow it to fizzle out. A senior BJP general secretary said on the condition of anonymity, “Sometimes, it is better to remain silent when some reaction boomerangs against our party and leaders.”Shinde, however, appeared to back his minister even as he underlined that nobody could be compared to Shivaji. Trying to defuse the tension, the CM said, “Lodha has allocated Rs 25 crore for Pratapgad Fort. Shivaji Maharaj is deeply revered and worshipped by one and all. Shivaji cannot be compared to anybody.”Aware that he had slipped up, Lodha attempted damage control by explaining he had never meant to insult Shivaji. Late Wednesday evening, the minister said, “I have not done anything wrong and did not insult Shivaji. I deeply respect Shivaji Maharaj. I was just citing some examples which have been wrongly interpreted. We often give Shivaji’s examples to children. It does not mean we are comparing them or insulting Shivaji.”Son of former Guwahati HC CJILodha, who is one of the richest state ministers with declared assets worth Rs 441.65 crore, is from Rajasthan. He arrived in Mumbai in the 1980s after completing his BCom and LLB degrees from the University of Jodhpur. His father Guman Lal Lodha was the chief justice of the Guwahati High Court. After initially practising law, Lodha ventured into real estate and founded Macrotech Developers (Lodha Group).Since his student days, Lodha was associated with the Akhil Bharatiya Vidyarthi Parishad (ABVP), the students’ organisation affiliated to the Rashtriya Swayamsevak Sangh (RSS). He made his debut in electoral politics in 1995, when he contested the Assembly elections for the first time. At present, he is a six-term MLA from the high-profile Malabar Hills constituency in Mumbai.The minister has often used the public forum at his disposal to speak about issues such as cattle slaughter and undocumented immigrants. He has spoken about the alleged threat Hindus face in the Muslim-dominated Malvani area of Mumbai.During a state Assembly debate last year, Lodha said, “There is a pattern to this Hindu exodus. They are being threatened and intimidated to leave their houses. A concerted attempt is being made to evict them. Just like Kashmir, Kairana witnessed the exodus of Hindus. Malvani in Mumbai is also witnessing the same.”On cow slaughter, he has said in the past, “There should be capital punishment for killers of cows and cattle. Cow slaughter should be punishable by death and beef export should be banned.”During campaigning for the 2019 Assembly polls, the Election Commission served Lodha with a show-cause notice for making a communal statement. While campaigning in Mumbadevi, the BJP leader said, “The explosives used in the 1992 Mumbai riots were made in bylanes five km from here.” The Mumbadevi neighbourhood has a sizable Muslim population.

In latest Shivaji row, a BJP minister among the richest in Maharashtra Cabinet
22 hurt as Maharashtra State Road Transport Corporation bus overturns; 18 hospitalised
Times of India | 8 hours ago | 02-12-2022 | 10:10 am
Times of India
8 hours ago | 02-12-2022 | 10:10 am

NASHIK: Twenty-two passengers were injured after a Maharashtra State Road Transport Corporation (MSRTC) bus, travelling from Chalisgaon in Jalgaon to Nandurbar, overturned on the Chalisgaon-Dhule road at 7.15 am on Thursday. According to a police officer, 15 of the 22 injured passengers were taken to a government medical hospital in Dhule, while three were admitted to a private hospital. "Four passengers, who had sustained minor bruises, decided to travel ahead to Nandurbar. There were as many as 22 passengers along with five staff and crew members in the bus," the officer said, adding that no casualty was reported in the accident that occurred near the Shirud crossroads. The Chalisgaon (Jalgaon)-Akkalkuwa (Nandurbar) bus started the journey at 6 am. "The accident took place when the bus driver tried to avoid collision with a truck coming from the opposite direction. Road repair works were being carried out at the said stretch. As a result, the carriageway had become narrow. Despite the driver's efforts to avoid the collision, the rear section of the bus hit the truck and toppled," the officer said. "As the bus toppled to its side, the passengers were thrown off their seats and they fell on each other. The injured were quickly moved to the hospital. Movement of vehicular traffic was also affected for some time due to the accident," the officer added. Three passengers have received injuries to their legs and chest, for which they are undergoing treatment at private and government hospitals. "The MSRTC has provided forms to the injured passengers that will help them get free of cost treatment," an MSRTC official from Dhule division said.

22 hurt as Maharashtra State Road Transport Corporation bus overturns; 18 hospitalised