‘Recon 2014’, Kerala’s first real estate convention being organised by the Kerala Realtors Association (KRA), along with the National Association of Realtors, will be held at Dream Hotel, Kochi, from May 2 to 4. The meet is intended to be a reality check with the industry covering all the stakeholders across the real estate landscape.
Other than connecting major players from different segments, the meet is expected to brainstorm about different issues facing the industry. The meet assumes significance as it comes in the wake of the industry facing a shakeout, thanks to the overall slowdown. The meet is also expected to take stock of the price situation prevailing in the state. Industry insiders had cited the ruling ‘high prices’ as one of the major reasons for the woes currently facing industry.
The industry has been feeling the need to launch an index tracking the real estate prices on the lines of S&P Case Shiller 20-City Composite Home Price Index, which tracks the price movements in the 20-major metropolitan cities in the US.
The National Housing Bank had launched NHB Residex way back in 2007. Its coverage has been confined to major cities such as Bangalore, Bhopal, Delhi, Kolkata and Mumbai.
with thanks : newindianexpress : Link : for detailed news.
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