‘FAIRPRO 2014’ witnessed record footfall at CTC

The three-day property exhibition, Fairpro 2014, sponsored by Confederation of Real Estate Developers Associations of India (CREDAI) which began at Chennai Trade Centre in Nandambakkam on Febrruary 21, has seen a record footfalls this year and if one go by the information gathered at the ticket counters and builders, above 9000 people have visited the fair.

Almost all the stalls have seen people thronging and enquiring about the housing projects being offered by them. As most of the builders an developers belonged to CREDAI family, most of the projects were targetting high-end home seekers.

However, a few builders were offering houses less then Rs 10 lakh (one BHK of around 300 sq ft specification -all inclusive) on the outskirts of the city.

In his inaugural speech on Friday, Tamil Nadu Governor K. Rosaiah has asked the construction sector in the state to meet the needs of people.

“In the age of information, the needs of people have changed drastically and it has become imperative for builders to plan their real estate projects to suit their changing needs,” Rosaiah said.

Pointing out the real estate sector was going through a transition, he said, in terms of quality of construction, India was on par with international standards. He also lauded CREDAI for being the guiding force to the industry and ushering in transparency in the sector.

Proximity to bus and railway stations, availability of water and basic infrastructure of a good quality topped the list of requirements of property hunters who visited the exhibition on the first two days of the fair.

Speaking on the occasion, R. Venkatesan, member secretary, Chennai Metropolitan Development Authority, said, in 2013, they had issued planning permits for 528 special buildings and 79 multi-storey buildings.

Thanga Kaliyaperumal, secretary, housing and urban development department, was present. Sandeep Mehta, president, Credai-Chennai, welcomed the gathering. Suresh Krishn, secretary and R. Sivagurunathan, convener, Fairpro 2014, also spoke.

The fair culminated on 23^rd February (Sunday).