North Chennai, Porur and the south-western suburb of Kundrathur will be among the key focus areas at the 18th edition of FairPro, a major real estate property exhibition organised by the national association of real estate developers.
An adviser associated with this year’s event said that a majority of participating developers are expected to showcase projects located in these emerging corridors. At least four large upcoming developments in North Chennai will be highlighted during the exhibition. In addition, projects along the Porur–Kundrathur stretch and plotted developments along prominent city corridors such as East Coast Road (ECR), Old Mahabalipuram Road (OMR) and GST Road will also be featured.
The three-day property fair will be held at a leading trade and exhibition centre in Nandambakkam, beginning Friday. More than 80 developers approved by the Real Estate Regulatory Authority (RERA) are expected to participate, collectively presenting over 500 housing, commercial and plotted developments that have received planning approval from the city’s metropolitan development authority.
Organisers said that buyer interest continues to be strong in both the luxury and mid-segment housing categories. Homes priced between ?1 crore and ?2 crore are witnessing steady demand in the premium segment, while properties priced between ?45 lakh and ?70 lakh remain highly sought-after in the mid-income category.
In total, more than 50,000 residential units covering approximately 57.2 million square feet will be available at the fair. The starting price for properties on offer is ?15 lakh, making the exhibition attractive to a wide range of buyers, from first-time homeowners to investors.
At last year’s edition, 77 developers participated, drawing a footfall of nearly 48,500 visitors and generating business transactions worth ?415 crore. This year, organisers expect higher participation and stronger buyer engagement.
A leading public sector bank has announced a special housing loan offer starting at an interest rate of 7.10%, subject to the borrower’s credit profile and credit score, further adding to the appeal for prospective homebuyers.
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