Maharashtra Chamber of Housing Industry on Monday said it will organise a four-day real estate exhibition at Bandra-Kurla Complex here between October 9 and 12.
This exhibition is expected to draw more buyers because the overheated real estate market has seen a correction.
"The market had heated up by 200 per cent. A correction was overdue. Now investors have exited and end users are buying houses," State Bank of India Deputy General Manager Arun Kumar Agarwal told reporters.
State Bank and MCHI are organising the exhibition. The demand-supply gap is estimated at 25 million houses, which is expected to go up, he said.
At the end of 2007, the Planning Commission in its report had said there is a shortage of 24.71 million homes.
The prices of commodities have come down by 30 per cent, MCHI President Pravin Doshi said. With the lean period of June, July, August, September behind, Doshi expects sales to pick up in the coming months.
The exhibition would attract 85 real estate developers and 15 housing companies. ET
