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The young couple came looking for a home. By the time
they left, they had decided which one to buy. They even knew how much of a hole
it would burn in their pockets.
There were multiple projects on display and
we could compare the prices and features before deciding on our dream home,
says Nilanjana Bhattacharyya, an executive with a recruitment agency, looking
back to the day last year when she walked into the fair with her husband Shantanu.
The two then lived in Madhyamgram and were planning
to buy a flat in Tollygunge.
The couple also found a flexi-funding option
at the same expo. It suited us, Nilanjana recalls.
Welcome to Home Front, rated the most successful property
fair in the east and where choice comes with a thought to spare for your purse.
Home Front is a one-stop solution for the home-seeker,
with apartments ranging from Rs 5 lakh to 2 crore, from Barasat to Diamond Harbour,
on display, says Sushil Mohta, vice-president of the Bengal unit of real
estate body Credai and one of the men behind the exhibition.
He isnt exaggerating. More and more home-hunting
Calcuttans are visiting the expo, now held twice a year, to check out flats on
offer.
Fellow developer Pradip Chopra says the reason is
simple. Its not easy for a prospective homebuyer to go around collecting
catalogues of projects from developers.
The housing exposition, which showcases nearly
300 projects under one roof, gives the customer a wide range of options to choose
from and helps him take an informed decision, explains Credais state
secretary.
Today, from less than 20 stalls at the 2001 trial
venture at Metro Plaza, Home Front has grown.
There are now over 100 stalls at the fair and
we cannot accommodate all the applicants because of lack of space. We might look
at erecting an outdoor hangar to squeeze in more participants at this winters
edition at Netaji Indoor Stadium, says S.D. Gupta of G.S. Marketing Associates.
The event management house, which has put together
more than a hundred theme exhibitions for various industries, has been organising
Home Front with Credai since the expo was launched five years ago.
The fair, which was shifted to Ice Skating Rink and
then to the bigger indoor stadium, now records daily footfalls in excess of 10,000.
The summer version is scheduled to kick off on May 19 at Salt Lake Stadium.
Business at Home Front has been growing at 30
per cent year-on-year, in line with the industry growth, and the event presents
a win-win situation for both the customer and the participant. It also does a
lot for the image of the city and provides the regulators and administrators with
a roadmap of the citys real estate growth, says Chopra.
Property marketing agents at the fair share the optimism.
Home Front gives us great exposure since so many products are showcased
under one umbrella, says Jitendra Khaitan of Pioneer Properties.
From the customers point of view, theres
a comfort level, which stems from the fact that most of the participants have
proven credentials and the deals are transparent.
While the fair has grown in size and stature, the
profile of visitors has also changed.
We now get very focused customers who know what
they want. While few deals are closed on the spot itself, its the exposure
which leads to healthy conversions through following up leads, says Khaitan,
whose firm concluded Rs 16-18 crore worth of business at the Home Front that anchored
the 2004 Mega Fair on the Maidan.
Credais Mohta, who is also managing director
of the Merlin Group, feels that the exhibition has contributed to the corporate
face of the citys real estate industry.
Chopra agrees. Home Front, he adds, also helps sustain
his forum.
The fair yields some 25-30 lakh to the developers
forum through stall rentals, sponsorships, etc. This has helped us grow the event
every year and add value to the seminars and debates aimed at raising awareness.
We are also using this platform to educate the customer on protecting his rights.
Santosh Rungta, vice-president of Credai-India, says
the expo has convinced us of the need to display a wide array of products
in a single spread to provide more critical inputs to the customer, while
word-of-mouth publicity has helped bring in new customers.
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