Property Show under way

Players in the construction sector are upbeat about revival of demand for houses after the Real Estate (Regulation and Development) Act, 2016, took effect last year.

Twenty builders who have put up stalls at the three-day FAIRPRO 2018 Property Show by CREDAI Tiruchi that commenced at Sangam Hotel here on Friday are banking on the stability in customer patronage on the basis of trust factor generated by the Act.

Encouraging support
CREDAI Tiruchi unit president P. Ravichandran said there had been an encouraging support to the stakeholders of construction industry from the banks.

The preference of city-based customers is apparently more for apartments as houses could be bought in the range of ₹ 40 lakh to ₹ 50 lakh.

The prevailing rate of interest for housing loans suited the construction sector well, S. Anand, Chairman, FAIRPRO - 2018, said.

Source