Property Fair from Friday

The sixth edition of Fairpro, the annual property fair hosted by the Confederation of Real Estate Developers Associations of India (CREDAI), Tiruchi, will open in the city on January 11.

This year’s fair comes amidst an anticipated rise in demand in the housing sector in the city this year. “With the introduction of the Real Estate (Regulatory and Development) Act, 2016, the expected new common development rules, making of completion certificates mandatory and the escalating cost of construction materials and labour, prices of properties are likely to increase in the near future. So, this is the right time to purchase houses taking advantage of the low interest rates on housing loans and the concession extended by the government under the Prime Minister’s Awaz Yojana,” said S.Anand, president, CREDAI, Tiruchi, addressing a press conference here on Tuesday.

He conceded that not many new projects had come up in the city over the past few years. But, over 45 new projects would be submitted for approval once the new common development rules are notified.

Fairpro presented a unique platform for developers and buyers and helped buyers make considered choices, said I.Shajahan, Chairman, Fairpro 2019. Buyers can choose from over 1,000 units in 50 projects to be showcased by 21 members of CREDAI. Leading banks and financial institutions would also participate in the fair offering spot sanctions and other concessions. Suppliers of construction materials are also participating, he said.

V.Gouthaman, President-Elect, CREDAI, Tamil Nadu, said the market was improving after dull sales over the past two or three years. CREDAI was working with state and national chapters to take up issues with the government including issues relating to the impact of GST and RERA. Fairpro would present a hassle-free decision making opportunity for buyers, he said.

The expo, to be held at Hotel Sangam, will be open from January 11 to 13.

Source