Many were able to give shape to their dream house Exhibition featured 25 builders, 12 leading finance companies
CHENNAI: Living up to its image as one of the most popular property fairs in Chennai, Living Spaces-2006 on Saturday received several thousand of visitors many of whom, according to some builders and housing finance companies, were able to give shape to their dream house.
Describing the public response to the second edition of the fair, organised by The Hindu Property Plus, as "tremendous," T. Shyam Sundar, managing director, Prithvi Promoters, said the large number of visitors necessitated deploying more staff at the stalls. His company, engaged in promoting the unique concept of farmland, was able to sell several plots on the second day of the fair.
The eager crowds were not restricted to the stalls of builders, flat promoters or land developers. Vying for attention was a range of accessories on display such as bathroom fittings, kitchen equipment, electrical fittings and flooring. Besides property in the city, some builders offered property in Bangalore. The fair showcased the projects of 25 builders. The presence of at least 12 leading housing finance companies provided an opportunity for buyers to identify the property and arrange finance too.
An indication of the growing success of Living Spaces could be gauged from the statement of senior IDBI executives. According to them, they provided on-the-spot loan approval for Rs. 30 crores.
On the profile of the visitors, an executive said the predominant age group was between 27 and 35. Many of the elderly who came to the fair were looking for property and loan for their children.
Living Spaces-2006 at the YMCA Ground in Royapettah is open till Monday (10 a.m.- 8.30 p.m.)