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Property fair to showcase 250 projects

February 21, 2013 10:05 am | Updated 10:05 am IST - CHENNAI

Sandeep Mehta, president, CREDAI, said loan melas to help buyers pick affordable projects were facilitated — Photo: Special Arrangement

With 250 projects from 70 builders on exhibit, the sixth edition of Fair Pro 2013 organised by the Confederation of Real Estate Developers’ Association of India (CREDAI) will be held from February 22 to 24 at Chennai Trade Centre in Nandambakkam.

Developers and builders who are members of CREDAI will exhibit various projects including flats, villas and plots priced between Rs.15 lakh and Rs. 10 crore.

Last week, two loan melas were conducted, where about a thousand potential buyers were pre-sanctioned loans by seven bankers based on their eligibility.

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Sandeep Mehta, president, CREDAI said, “The idea behind hosting such loan melas is that the buyers would be able to pick those projects that they can afford. Also, after the buyers book a project, they need not undergo the hassles of seeking a loan for it.”

Just two weeks ago, CREDAI launched a portal www.credaichennai.in to help the buyers look out for projects based on budget, location and builder. “Using the portal may help the buyers filter the projects quickly and identify the ones that suit them the most,” said Suresh Krishn, secretary, CREDAI.

Also, those who book projects in the three-day property fair will get an iPad free, he added.

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