Jebel Ali Free Zone
PO Box 18022
United Arab Emirates
Danube Building Materials, the leader in construction, building materials and shop fitting industries, opened its new ‘BUILDMART’ showroom in Ahmedabad, India. Anis Sajan, Managing Director – Danube Group lead the inauguration of the new showroom along with other senior Danube officials. The opening complements a recent report made by CRISIL Research, an independent and integrated research house, showing a five per cent drop in residential property prices in Ahmedabad
Danube officials have revealed that the opening of its fifth ‘BUILDMART’ branch in India is part of its move to take advantage of the new found vibrancy of the city’s real estate segment. The CRISIL report, entitled ‘Real(i)ty Next: Beyond the Top 10 Cities of India,’ reports that Ahmedabad’s realty segment has grown leaps and bounds over the last ten years and the increasing number of real estate development projects have driven in a five per cent drop in property prices, thereby offering more affordability for potential homeowners. The increased interest in real estate property purchasing has prompted the Ahmedabad Urban Development Authority (AUDA) to implement initiatives and programs aimed at fast tracking real estate development activities in the city.
“As the city has become witness to a lot of construction activity, particularly in residential development, the presence of a Danube retail unit proves to be a major advantage, giving developers access to world class building materials and attracting homeowners into the showroom's wide portfolio of home interior products and services,” said by Anis Sajan.
The newly-opened ‘BUILDMART’ is strategically positioned right in the heart of the Indian metropolitan city and is split into a 7,000 square foot showroom & warehouse. The retail showroom can be found on the 1st floor of the GNFC Info Tower, which is near the Grand Bhagvathi Hotel and along the SG Highway, Bodakadev, Ahmedabad. The new branch will offer an extensive collection of building and home interior products, particularly focusing on sanitaryware and ceramic tiles.
“Ahmedabad is currently witness to a flurry of real estate development activity, prompting a five per cent drop in prices that has allowed the market to offer these new residential developments at more affordable prices. We have chosen to set up our fifth ‘BUILDMART’ branch here in Ahmedabad as it has now become one of the fastest Tier II cities in India. The opening of our new retail facility demonstrates our eagerness to become a major part of these developments, ably positioning ourselves as the premier one stop shop for all building materials and home interior needs,” concluded Sajan.