EOI and its role in project launch: real estate Bangalore
Expression of Interest is a new trend in real estate industry now a days. Before launch of any residential apartments, villas or plotted development this term is being used across India.
Relevancy of Expression of Interest
EOI is the process where application form is filled with particular interest of property specifications, like;
Floor options
Price locking
Investment
While showing interest for EOI in any property, non bankable cheques are accepted. Generally Expression of Interest stage comes before official launch of any property. When RERA number/ID comes from authority, all clients are called to select best options. In other words, Early Bird Offer is the main factor.
Pros n Cons
Large and Mid size Channel Partners have good hold in market for EOIs. They mostly make better business from initial stage to completion.
Vice Versa Individual Channel Partners and small time Real Estate Consultants end up wasting huge money on marketing expenses.
Simultaneously some Builders and Developers never disclose the right price and create hype before launch of their product. Therefore going ahead we always recommend to proceed with reputed Builders and Developers.
Bangalore Real Estate
Bangalore is one of the fastest growing real estate industry in India. Several top class real estate brands contribute mostly to give lots of weightage to real estate industry. These are the brands where most of the home buyers submit highest number of Expression of Interest(EOI).
Here are some of the reputed Developers in Bangalore.
- Prestige Group – Leading developer in South India
- Sobha Realty – Second biggest brand in Bangalore
- SBR Group – One of the fastest growing real estate brand in Bangalore specially in East part.
- Sumadhura Infracon – Another house hold name in real estate
- Goyal & Co – Best quality construction developers in Bangalore
- Nambiar Builders – An emerging developer in South East Bangalore.
- Sowparnika Projects – Affordable segment projects in Bangalore.
- Brigade Developers – Third biggest brand in South India
- Sattva Group – Best real estate developer in Bangalore with highest number of commercial projects in Bengaluru.
