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February 17 2012


Fifth annual FAIRPRO to start off from Feb 17 in Chennai

Chennai - Touted as the fairest property fair in Chennai, 65 eminent developers will be coming together at the 5th annual FAIRPRO, which will be held at the Chennai Trade Centre from February 17 to February 19. FAIRPRO is organized by the local chapter of CREDAI (Confederation of Real Estate Developers’ Associations of India), the apex body for private real estate developers in the country, and will underscore its new ‘Mission Transparency’ initiative. Bound by a rigorous Code of Conduct, the builders exhibiting at FAIRPRO are operating under strict instructions to be transparent in all dealings and documentation with customers and to disclose and declare all components of the sale in consideration. “Transparency is our key focus this year,” says T Chitty Babu, President of CREDAI, Chennai chaper, adding, “We wish to promote our philosophy of Ownership without burden.”

According to him, only properties that have been “legally cleared” and have been approved by CREDAI standards will be exhibited at FAIRPRO. He says, “We intend to offer this platform for homeseekers to help them own a property that is based on the strong values of trust and integrity. As per the rules of CREDAI, customers will be given a clear break-up of all the costs involved of the property they intend to purchase, which means there will be no hidden costs.”

Stressing the fact that only legally approved properties are being exhibited at the fair, Ajith Chordia, Treasurer of CREDAI, says, “Customers sometimes tend to be unaware of the hidden taxes such as vacant land tax and the buyer comes to know about it only after the sale.” This year, CREDAI has gone the extra-mile by offering a legal counter which will be set up at the fair to answer customers’ queries on the legal aspects of their purchases. “The legal corner will be managed by our rank associates, so that buyers can make purchases confidently,” says N Nandakumar, Secretary of CREDAI.

As the number of builders who will be converging this year at FAIRPRO has risen exponentially this year, Suresh Krishn, Convenor of FAIRPRO is optimistic about the positive impact that the fair can create. “The reach of the upcoming fair is estimated to increase by nearly 50 percent. The FAIRPRO website has already registered over 20,000 hits and nearly 85 stalls have been booked so far,” he says. In his view, the most important increase is the sizeable expansion of the product range. “We are offering an unbeatable variety with projects ranging from Rs 10 lakhs to Rs 10 crores. This year, we expect to create transactions to the tune of nearly Rs 250 crores,” he says. With a staggering 250 projects on display, the three-day fair is set to be a unique opportunity for interested buyers to compare prices and projects offered by the exhibitors. Spot booking, numerous discounts and hassle-free home loans are also some of the highlights of FAIRPRO 2012.

Source: The Times of India, Chennai

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