The property exhibition “Budget Home 2011” at CODISSIA Trade Fair Complex here showcases properties starting from about Rs. 10 lakh.
According to K. Santhosh Kumar, Head-operations, and Prashanth Bashyam, Business Head – Events and Exhibitions of Eyeball Media, the company is organising the exhibition here for the second year.
About 30 builders and five financial institutions have displayed details of their projects and home loan products in 45 stalls.
The three-day exhibition till November 6 is open from 10.30 a.m. to 8.30 p.m. and entry is free.
Five major builders from Chennai have details of projects in Chennai. In Coimbatore, projects on residential apartments, senior citizen residential communities, villas, and independent houses are displayed. The price of properties starts from less than Rs. 10 lakh and goes up to Rs. 50 lakh. The price of plots starts from Rs. 50,000 a cent.
According to the organisers, the event attracted a large number of visitors last year and this year, enquiries are expected for Rs. 200 crore to Rs. 250 crore.
With increase in interest rates, home buyers are taking time to take a decision. However, purchases have not come down. With cities expanding, several projects are coming up in the fringe areas and there is a demand for these properties. Eyeball Media plans to organise a luxury home expo here next year. The Hindu is the media partner for the exhibition.