Mr. A. Balakrishna Hegde, President, KOAPA (Karnataka Ownership Apartment Promoters' Association) informed that KOAPA organized a very successful international exhibition at Renaissance Dubai Hotel, Deira, Dubai from 1st Nov '07 to 3rd Nov ‘07 with a participation of 34 leading Developer members of KOAPA from Bangalore.

15800 apartments in 135 projects and 79 villas from Bangalore, Mysore and Kochi were displayed in the Expo.

KOAPA is an Association of Real Estate Developers of Karnataka, which has a self regulatory mechanism in the form of a well drafted Code of Ethics. It makes sure to buy Real Estate from KOAPA members because of the enforcement of the Code of Ethics.

During the announcement of Bangalore Realty Expo 2007 at Dubai, Mr. Hedge said that the demand for residential and commercial real estate is likely to remain strong especially in the backdrop of high GDP growth of above 8%t and strong economic fundamentals. "There is a strong foreign investor interest in Indian Real Estate and this is going to push the markets forward." He added.

Mr. Faisal Rizvi, Chairman, International Realty Committee, KOAPA says, "in the last two years, the real estate market has grown at the rate of 30% and is likely to increase at the same pace in the coming year."

Mr. Hegde also said that real estate is the fastest growing investment vehicle. Over the past five years, while gold has appreciated by 100% and stocks by 400%, real estate sector has surged by 500 to 700%. "Funding the real estate investment is easier and cheaper. Bank loan margin is only 20%, whereas appreciation is 100% of the value of the property"

The exhibition in Dubai was very well received by a large number of potential buyers. The offer of a free visit to Bangalore or Mysore or Kochi for a couple on making confirmed booking with deposit was well received.

Mr. Hegde said that KOAPA has also plans to take the Realty Expo to California, Singapore & London.

Locally KOAPA will be having its Expo at Bangalore on Dec. 8th & 9th 2007 at the Hotel Grand Ashok, Bangalore.

Cheers!!!:)
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  • 'Bangalore attractive for real estate'

    Bangalore continues to be an attractive market for real estate, with growth rates being maintained at 20 per cent, according to Balkrishna Hegde, President Karnataka Ownership Apartments Association.

    "The real estate market in India and especially Bangalore is on a high. The market has seen some stabilisation in the past seven to eight months," he said while announcing the city Realty Expo 2007, to be held in the city on December 8-9.

    "Today the market has matured, with compositions being skewed towards actual users, rather than investors in the earlier years. This, along with interest shown by NRIs and reduction in loan rates, is showing a positive movement in the market during the last few months," he said.

    Karnataka's growth in software exports and the creation of jobs is leading to increase in demand for housing and this increase is poised to fuel the growth in real estate market in future, said Hegde.

    The cosmopolitan outlook of the city, coupled with weather advantage and huge talent pool, is what is holding it in good state, he added.

    On the potential growth in budget/mid-segment and high end luxury segments, he said there is huge potential yet to be tapped. As far as mid Rs 35-50 lakh segment is concerned there should be more than 50,000 units in the next one year.

    The high-end bracket in India is the fastest growing segment as compared to anywhere in the world and therefore the demand for this segment will be on the rise in the coming days, he said.


    Economic Times
    5th Dec, 2007
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  • Bangalore realty going places

    During the announcement of Bangalore Realty Expo 2007 at Dubai, Mr. Hedge said that the demand for residential and commercial real estate is likely to remain strong especially in the backdrop of high GDP growth of above 8%t and strong economic fundamentals. "There is a strong foreign investor interest in Indian Real Estate and this is going to push the markets forward." He added.
    Mr. Faisal Rizvi, Chairman, International Realty Committee, KOAPA says, "in the last two years, the real estate market has grown at the rate of 30% and is likely to increase at the same pace in the coming year."
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  • Either this is a really subtle dig :) OR ...

    Suzanne,

    If this was a subtle dig, it is very well done :D!

    If not, God help you!!! :o.

    Btw good practice while quoting other articles assumes you will refer to the publication as well as date of publication (so others can refer).

    Anyways, this article is from 2007 Nov - the absolute PEAK of our mania :D

    cheers,
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