FAIRPRO 2015: Chennai Trade Centre February 20, 21, 22

FAIRPRO 2015 GETS BIGGER AND BETTER

ü State’s biggest real estate expo to be held at Chennai Trade Centre between   February 20^th to 22^nd this year

ü 2% interest subsidy for two years on home loan & free iPad Air for every booking at the expo

ü Indiaproperty.com has been roped in as the online partner to enable the purchase of residential units through online during the expo

CREDAI (Confederation of Real Estate Developers Association of India) Chennai today announced the launch of FAIRPRO 2015, 8th edition of biggest and the most popular residential property show in the state. FAIRPRO 2015 will be held from February 20 to 22, 2015 (3-day event) at the Chennai Trade Centre (Nandambakkam). Noted actor Ms. Suhasini Maniratnam, who was present during the occasion, lauded the efforts of CREDAI Chennai in bringing quality real estate at the best price to the people of Chennai.

Around 85 real estate builders from the city are set to showcase their new and existing residential projects to the prospective customers making FAIRPRO 2015, the biggest of all the previous editions. Around 300 apartments are up for sales this year in the expo for which already Rs.116 crores of home loans were being sanctioned by leading banks and financial institutions at the recently concluded “Home Loan Mela” organized by CREDAI Chennai as a precursor to the property expo.

 

Mr. Ajit Kumar Chordia, President, CREDAI Chennai addressing the media during the announcement of the launch of FAIRPRO 2015. Mr. Mohammad Ali, Convenor, FAIRPRO 2015, Ms. Suhasini Maniratnam, Brand Ambassador, FAIRPRO 2015, Mr. Habib W.S, Secretary, CREDAI Chennai are present during the occasion.

The key aspect of FAIRPRO 2015 will be the 2% interest subsidy on the Home Loan for two years to every customer who purchase his/her dream home at the expo in addition to the free iPad Air for every booking. This year’s edition also will focus on selling residential units across affordable, medium, premium and luxury categories targeting all segments of prospective buyers from the city. FAIRPRO 2015 comes with CREDAI Chennai’s promise of best prices for any showcased property at any real estate expo in the City.

Speaking on the occasion, Mr. Ajit Kumar Chordia, President, CREDAI Chennai said, “FAIRPRO 2015 is set to be the biggest of all the previous editions. This year’s expo will act as a bridge for every prospective buyer who dreams of buying a new home by offering a 2% interest subsidy on the home loan for 2 years for every booking. We thank our members who supported us in offering this wonderful scheme to the endearing customer.”

With the government’s focus in bringing new investments into the state through Global Investors Meet for the year 2015 in the next few months, the real estate industry in the city is set to grow at a rapid pace in the near future. Chennai already being a hub for automobile and IT industry is constantly on the growth path with a renewed approach towards manufacturing industry as well. This promises a lot of hope and new jobs coming in to the city resulting in the positive growth of the real estate industry in Chennai.

“The recent launch of the first phase of ORR and the expected launch of Chennai Metro Rail project have increased the residential prices along their respective corridors. There is always a demand for the right projects at right pricing in the City. Through FAIRPRO 2015, we are going to offer the best price for the residential projects from the leading builders in the city. This is a great opportunity for the people of Chennai to plan and buy their dream home.” says Mr. Habib W.S, Secretary, CREDAI Chennai.

 

Commenting on the occasion, Mr. Mr. Mohammad Ali, Convener, FAIRPRO 2015 “There has been an increase in the interest level to buy a new home than ever before. More than 1000 customers thronged the Home Loan Mela this year resulting in the disbursement of approximately Rs. 116 crores of home loans sanctioned from various banks and financial institutions compared to Rs. 100 crores sanctioned last year. We are projecting around 15% increase in terms of profit through sales of residential units showcased at the expo this year compared to 304 residential units sold last year with worth of around Rs. 275 crores.”

Credibility is the key factor for every customer at FAIRPRO 2015 as only the members of CREDAI Chennai can showcase their projects in the expo. This year’s expo will also feature the booking of residential units through online as well. CREDAI Chennai has partnered with leading real estate portal Indiaproperty.com to enable the purchase of residential units showcased at the expo through online with those customers enjoying the same benefits as those purchasing from one of the stalls visiting the expo.

About CREDAI

Established in 1999, The Confederation of Real Estate Developers’ Associations of India (CREDAI) is the apex body for private Real Estate developers in India. CREDAI has over 9000 Members through 21 State Chapters and 156 City Chapters.

CREDAI links private real estate developers to the government and customers through numerous initiatives and activities. CREDAI’s success in bringing the majority of organised private real estate developers under a single umbrella is a potent force that promises the rapid development of the realty sector. Acting as the voice of India’s Real Estate industry, CREDAI has been the guiding force for the growing Real Estate sector in India.

Queries related to FAIRPRO 2015 may be directed to Mr. P. N. Easwaran, General Manager, CREDAI Chennai at +91 98405 75234 / gm@credaichennai.in.

For further information contact:

Sakthi Prasanna / Ravi Shankar K.

MSLGROUP

M: +91 98842 77251 / +91 93828 87608

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