CREDAI’s Grand Property Exhibition FAIRPRO 2024 Scheduled for March
In an exciting announcement for property enthusiasts and potential homebuyers, the Confederation of Real Estate Developers Associations of India – Chennai Chapter (CREDAI Chennai) has revealed plans to hold the 16th edition of its much-anticipated property and real estate exhibition, FAIRPRO 2024. The event is set to take place from March 8 to 10 at the Chennai Trade Centre in Nandambakkam, presenting an incredible opportunity for attendees to explore a wide range of housing options.
The exhibition promises to be a diverse showcase, featuring homes that cater to a wide range of budgets, starting from Rs. 15 Lakhs and going up to Rs. 15 Crores. This variety ensures that there’s something for everyone, whether you’re a first-time homebuyer or looking for luxury real estate. More than 75 CREDAI developers will be presenting their projects, offering a unique chance to directly engage with the builders and gain firsthand information about the properties.
Furthermore, the event will feature the participation of 8 leading banks, including the State Bank of India, Axis Bank, Canara Bank, HDFC Bank, ICICI Bank, Indian Bank, LICHFL, and Tata Capital. These financial institutions will provide attendees with the opportunity to explore attractive home loan options, making the process of buying a property smoother and more accessible.
“This year, we are expecting over 50,000 visitors,” said Aslam Packeer Mohamed, Convenor of FAIRPRO 2024. He highlighted the far-reaching impact of the real estate industry, which employs over 60 million people and drives demand in numerous allied sectors, including construction, finance, and consumer goods.
The exhibition will feature over 200 projects, showcasing a staggering 32.5 million square feet of apartment space, 0.25 million square feet of commercial space, and 325 acres of plots. This extensive selection reaffirms CREDAI Chennai’s dominant presence in the residential market, boasting an impressive 82.6% market share in terms of the number of units sold.
P Kruthivas, Secretary of FAIRPRO 2024, shed light on the current real estate landscape, noting a trend of rising property prices driven by increases in construction material and labor costs. However, he also mentioned that the unsold inventory is at its lowest in the last five years, indicating a robust demand for residential properties.
The FAIRPRO 2024 exhibition represents a unique convergence of the real estate industry’s best offerings, coupled with easy access to financing options. Whether you’re in the market for a new home or looking to invest in real estate, this event promises valuable insights and opportunities. Mark your calendars for an engaging experience that could pave the way to your dream home or next investment project.
