CRE Matrix was proud to attend the Midday BDA Expo 2022 which is currently ongoing from 15th to 17th April 2022. Our CEO, Abhishek Kiran Gupta was invited as a special guest to speak on the importance of data analysis in the real estate sector at the first-panel discussion at the conclave on Day 1.
Key Highlights from the Panel Discussion:
- Abhishek Kiran Gupta opined that data is central to decision-making for better project design, improved project development, enhanced broking by advisers, better lending opportunities by banks, higher-quality investments by investors, and so forth.
- Abhishek Kiran Gupta shared that the youth in the real estate industry have multiple choices to shape their career from development to broking to research & advisory to finance to fractional ownership and so on.
- Abhishek Kiran Gupta advised all young entrepreneurs with start-up ideas to focus on building sustainable and profitable businesses and not pursue valuations and quick exits.
Key Highlights from the Expo:
CRE Matrix visited over a dozen developer booths and spoke extensively with key sales representatives.
- The event showcased housing sales of 15 apartments on day 1 till 4 pm.
- The majority of the projects highlighted at the expo were from the Western Suburbs Macro-markets between Andheri to Dahisar.
- Most projects were redevelopment or slum rehab projects. The event demonstrated a couple of FREEHOLD land projects as well.
- It was very promising to witness the JDA/JV/Joint projects between developers. The Western Suburbs market developers appear to be very cordial with each other and display healthy competition with each other.
- There has been a slowdown in housing inquiries and housing sales post a rise in stamp duty rates by 1% in Mumbai. However, the sales team believes home buyers will have to adjust to this new reality.
- Developers humbly articulated that they are most likely increasing home prices in mature projects citing a rise in raw material prices.
- We were extremely impressed to witness that several developers have opted to tie up with brokers on Mandate sales wherein brokers exclusively market these projects directly through social media or mobilizing channel partners.
Our CEO Abhishek Kiran Gupta was honored to attend the real estate conclave and be able to share his wisdom. The 3-day Midday BDA Expo 2022 will conclude on 17th April. So, if you haven’t visited yet, now is the time to check it out!
For more such exciting analysis and details on real estate, visit our website www.crematrix.com.