Coimbatore

Fairpro from Sept. 13 to 15

Confederation of Real Estate Developers’ Association of India (CREDAI), Coimbatore, will organise a property fair - Fairpro 2019 - here from September 13 to 15.

Showcasing details of over 100 properties, the fair is expected to generate enquiries worth over ₹175 crore.

Surender Vittel, president of CREDAI Coimbatore, Rajiv Ramaswamy, secretary, and D. Abhishek, chairman of Fairpro, told presspersons here on Wednesday that the projects exhibited will be villas, flats, holiday homes, etc., in the price range of ₹8 lakh to ₹5 crore a unit. As many as 38 developers and four banks will take part.

The three-day event will also have three knowledge sessions, on investment, vaastu, and rental and RERA Act.

The organisers said that there were positive moves in the recent days by the Government to boost the property sector. The developers were also waiting for the last one year for clarity on the building rules. Now that the Combined Development rules are in place, new projects are coming up.

Further, customer preferences are changing and developers have, in the last two years, adopted these changes. “Almost 60 % of the inventory is sold,” says Mr. Ramaswamy.

The residential units of 240 sq.ft. to 600 sq.ft. each, of apartment projects, coming up in Neelambur, Kalapatti, Saravanampatti areas are in the ₹8 lakh price range, said Mr. Vittel. Rental demands, paying guest accommodations, and co-working spaces are up, added Mr. Abhishek.

Minister for Municipal Administration and Rural Development S.P. Velumani will inaugurate the expo on September 13.

The exhibition will be open from 10 a.m. to 8 p.m.

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Printable version | May 27, 2020 7:12:28 PM | https://www.thehindu.com/news/cities/Coimbatore/fairpro-from-sept-13-to-15/article29395056.ece

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