Nearly 15,000 properties will be on offer at the ‘Budget Home 2010' exhibition, which gets under way at Chennai Trade Centre from July 2.
The three-day exhibition will feature stalls of 45 builders and offer a range of properties priced between Rs.30,000 and Rs.30 lakh.
Properties in Chennai and its suburbs and Tier II and III cities of Tamil Nadu, at affordable rates, will be showcased, said Shakthivel, Managing Director, Eyeball Media Private Ltd, which is organising the exhibition. “We would like make a wide range of properties available under one roof,” he told the media persons here on Tuesday. True Value Homes Vice-president Kishore Kumar said his company would focus on offering homes at nominal prices and the company has come up with a residential project in Sriperumbudur.
“Oragadam and Sriperumbudur have nearly 40,000 people working in 2,000 companies.
There is a very high demand [for residential properties] in these areas.
We also seek to provide end-to-end services such as property maintenance for the house owners at a nominal cost,” he said.
Marg Properties will highlight its township-project Marg Swarnabhoomi at the exhibition. “People don't mind commuting long distances.
As the city is saturating fast, outskirts are developing into potential residential areas,” said S.Ramakrishnan, Chief Executive Officer, Marg Properties. There is demand for nearly four lakh houses in Chennai and 70 per cent of the potential customers are looking for budget homes, he added.
Inno Geo City director Kalyan Jayaprakash observed that new projects are moving towards IT parks and industries as the demand for houses in those areas are escalating. Residential plots, independent houses, apartments and commercial properties in places, including Coimbatore, Madurai, Tirunelveli and Tiruchi, will also be on offer at the exhibition.