Gear up for Fairpro 2015

Organised by CREDAI, the three-day property expo this month will bring together realty experts from across Tamil Nadu

February 07, 2015 03:45 pm | Updated February 13, 2015 03:46 pm IST

CHENNAI, 20/02/2010:  Fairpro 2010, the second day of the property fair, being organised by the Confederation of Real Estate Developers' Association of India, Tamil Nadu (CREDAI) at Chennai Trade Centre, Nandambakkam in Chennai on February 20, 2010.
Photo: R. Shivaji Rao

CHENNAI, 20/02/2010: Fairpro 2010, the second day of the property fair, being organised by the Confederation of Real Estate Developers' Association of India, Tamil Nadu (CREDAI) at Chennai Trade Centre, Nandambakkam in Chennai on February 20, 2010. Photo: R. Shivaji Rao

Chennai is all set to launch its biggest real estate expo — Fairpro 2015. The expo will bring together over 85 property developers, 10 banks and other allied real estate clients under one roof. Fairpro 2015 will be held from February 20 to 22 at the Chennai Trade Centre.

The fair consists of two components — a Loan Mela to be held on February14 and 15, where you can get details on pre-approved loans.

The second component is the expo itself where developers will present new projects and launch offers. Participating banks include LIC Housing Finance, ICICI, HDFC, AXIS BANK, PNB Housing Finance, SBI, India Bulls, Oriental Bank of Commerce, Sundaram BNP Paribas and KVB.

Speaking on the timeliness of the expo, Ajit Chordia, President, CREDAI, says recent government initiatives are all set to bring a positive turn to the realty industry.

“The expo could not have been timed better, as it promises customers varied housing options. In the coming months, the availability of quality projects will reduce and customers must choose wisely and use the expo as a platform to weigh their options. The recent cut in repo rates by 25 basis points announced by the RBI is the first of a series of steps to propel the market. Over the next two years, we expect a 200 basis point rate cut.”

The expo will showcase over 300 properties from high-end luxury projects to affordable houses. Prices start from Rs. 15 lakh and go up to Rs. 7 crore. Mohamed Ali, Convenor, Fairpro, says, “It’s the right time for customers to purchase property as the market is recovering.

Prices will rise shortly and we encourage customers to invest at the earliest and benefit from the expo.” The expo will have an online booking facility for the first time by indiaproperty.com on all three days.

Customers who book their properties online will receive a free iPad. Visitors can also take virtual tours of properties at the expo.

To enhance the experience, a mobile application has been specially developed that users can download and search, locate their dream house based on their preferred locality and budget. For more details, visit >www.credaichennai.in

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