More than 500 real-estate projects worth over Rs.3,000 crore will be on display at a property show organised by Gujarat Institute of Housing and Estate Developers (GIHED). The three-day annual event will start from Friday, September 31, at Thaltej.
Around 80 developers will showcase their schemes in the seventh edition of the show. Of the total projects to be displayed at the event, 60 per cent are residential. Housing units starting from Rs.5 lakh to Rs.3 crore will be showcased at the event. Ongoing and upcoming projects like commercial property, malls, plotting schemes, row houses and bungalow schemes in Ahmedabad and Gandhinagar will also be displayed.
Developers say that the city needs 1,30,000 houses, against which only 20,000-22,000 houses are available. In order to meet the demand, approximately 35,000 houses are being built per annum. Still there is huge demand-supply gap.
Apart from local buyers, builders are hopeful to get sizeable bookings from NRGs. “As the show is during Navratri festival, a large number of NRGs are expected to visit Gujarat. The marketing exercise started much in advance in major cities of India and countries like the US and the UK,” said a builder.
The show will demonstrate European architecture samples. Students of different schools, colleges and architects and engineering institutes are invited to visit the show.
