Expressnews
Chennai, 17 February 2023: ‘FAIRPRO 2023’ – The 15th edition of South India’s Largest property expo and the annual flagship property of CREDAI Chennai, was inaugurated by past presidents of Credai Chennai, Mr. Prakash Challa, Mr. Chitty Babu, Mr. Sandeep Mehta, Mr. Ajit Chordia, Mr. Suresh Krishn, Mr. Habib and Mr. Padam Dugar and Current President Mr. Sivagurunathan, Secretary Mr. Kruthivas, EC members, Fairpro Committee along with Mr R Radhakrishna, CGM, SBI, Mr. G. Rajeswara Reddy – Field General Manager Indian Bank at Chennai Trade Centre, Nandambakkam on Friday.
The three-day event starting today will witness thousands of home seekers scouting for their dream properties – including plots, villas, affordable housing, retail, and commercial spaces from more than 450 projects, in Chennai, Tiruvallur, Kancheepuram and Chengalpattu districts, showcased by over 70 developers within the price range of Rs 10 Lakhs to Rs 10 Crores.
This year at FAIRPRO 2023, five lucky winners, among those who book property during the three-day fair, will be selected through a draw and given Rs one lakh each by CREDAI Chennai. With attractive pricing and offerings, the event will cater to consumers from different segments of the market. The lowest interest rates and rapid approval for home loans are additional benefits for visitors. To facilitate hassle-free transactions for homebuyers, all the projects have been approved and registered with TNRERA. The 15th edition of the expo will happen from February 17–19, 2023, at the Chennai Trade Centre in Nandambakkam.
Speaking about FAIRPRO 2023, Mr. S Sivagurunathan, President, CREDAI Chennai said, “FAIRPRO has been a runaway success and has created a very high benchmark. With the aim to provide “Homes for All” FairPro 2023 offers the best deals and offers on plots, villas, affordable housing, retail, and commercial spaces. Homebuyers benefit from lower interest rates, on-the-spot home loan approvals and maximum funding on 450+ projects in Chennai’s finest location from 70+ CREDAI developers. During the Home Loan Mela held between 10th, 11th, and 12th February 2023 at Vijaya Mahal in T Nagar ahead of the expo, home loans to the tune of Rs. 700 crores were sanctioned by SBI, Indian Bank, Canara Bank, LIC, and HDFC. Given that property values are expected to rise in the near future, I strongly advise homebuyers to make use of FAIRPRO to fulfil their dream investment in real estate.” added Mr S Sivagurunathan.
Mr. P Kruthivas, Secretary, CREDAI CHENNAI and convener of FAIRPRO 2023 said, “We’re all set to witness some interesting developments over the next few years in the housing and real estate scenario. The good news is that India is expected to sustain its growth momentum in real estate, despite the current global slowdown. The year 2022 saw a phenomenal performance, with sales records of 68% YoY, all over the country. And, last year, FAIRPRO Expo saw 250+ bookings, with a turnover of ₹200 Plus crores. Although Rs. 300 Plus Crores is our expected sales target this year, I really wouldn’t be surprised if we surpass those numbers this time. he said
