Property Exhibition 2008, a bi-annual event beginning from tomorrow, will be a testing stone for the efficacy of developers as property transactions across the country have dried up on account of high interest rates and a sharp escalation in prices.
The exhibition will be held from October 9 to 12 at the Bandra-Kurla Complex (BKC) in Mumbai. Organisers expect a turnout of nearly 85,000 people for the exhibition, with nearly 85 developers showcasing around 800 properties.
But analysts tracking the sector said changing the visiting crowd into potential buyers will be an uphill task, given the current market conditions. Home sales across the country have fallen over 40 per cent in the last nine months due to high interest rates.
More : business-standard.com
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