New Delhi: Delhi-based commercial real estate portal Creindia.com launched an online commercial property fest CREBazaar on January 30th 2016. Being hosted on the site until February 2nd, this four day fest is showcasing more than 500 commercial properties in Delhi-NCR with limited period deals.
Further addition of properties will be kept on adding during the event days. Projects being offered are nearing possession and include sale, lease and pre-leased options.
“Our USP of the event lies with our plan to showcase only ready to move-in or 70 percent completed commercial properties, with the added advantage of attractive discounts for limited time period”, said Ajay Rakheja, CEO and Co-Founder, Creindia.com.
Commercial real estate market in India has in recent times opened up avenues for retail investors to enter and benefit from the higher yields than those offered by other asset classes such as residential. With smaller floor plates (10,000 sq ft or lower) now being offered in markets like Delhi/NCR, it is easier for potential investors as well as smaller companies to take up office or retail space.
Increasing consolidation among corporate as well as the growth of new sectors such as e-commerce are fueling the demand for commercial real estate. Against this backdrop, technology intensive tools that are built around information gathered from the field are reducing the lead time for transactions.
Creindia.com offers a decision tool that is being used by corporate, start-ups, developers, consultants and investors to gain access to on-ground information about selected micro-markets. The listings on the site are all verified by a team of experts and the details being presented are up to date with the current status of each property.
Through the CREBazaar four day showcase, interested buyers and investors are being offered a selection of the best deals in the Delhi NCR commercial real estate landscape.
“This is the best time to invest in commercial real estate and we have seen increasing interest from all sections of the market for the products on offer. The ” CREBazaar pre-registration that we opened 15 days ago saw more than five lakh visitors, The reach of this event is spread and targeted to HNI, NRI, startups, SME, brokers, developers , landlords and fraternity members” said Rakheja.
The site currently showcases more than 15,000 listings of properties in and around Delhi/NCR, Chandigarh and Lucknow. The products on offer include offices, high street retail options, IT/ITeS buildings and will soon be expanded to include warehouses, malls, industrial spaces, standalone buildings, built-to-suit options and other commercial real estate offerings in Delhi/NCR and beyond. (ANI)