30 property developers display details of projects in Coimbatore
The fifth edition of Fairpro, a property fair organised
annually by the Coimbatore centre of the Confederation of Real Estate
Developers’ Associations of India (CREDAI), took off here on Friday.
As
many as 30 property developers are displaying details of residential
projects in Coimbatore at the three-day event. Those looking at buying a
house can choose from about 2,500 units in 100 projects. These include
apartments of one, two and three bedrooms and independent villas. Five
financial institutions and banks are also participating in the fair.
Several
residential projects are coming up in Saravanampatti, areas near the
Tidel Park and on Trichy Road in the city. Details of residential
projects in Kerala and Karnataka are also exhibited. The participants at
the exhibition are all members of the CREDAI. Those who book a property
on the exhibition days or purchase one by the end of the month will get
discounts in the base price.
Inaugurating the
exhibition, R.R. Balasundaram, president of the Indian Chamber of
Commerce and Industry, Coimbatore, said that the industrial associations
here should focus on infrastructure development, especially in the
fringe areas, to avoid congestion in the city. Construction activities
would expand to more areas if infrastructure was developed in these
places. Several cities in the State had ring roads, except Coimbatore,
he said. He also urged the promoters to venture into green buildings.
The construction sector was an integral part of the economy and 3.6
billion sq.ft. was lined up for construction in the country. Most of it
was in the residential segment. The demand for properties was
increasing, especially in tier-two cities, he said.
C.S.
Ramasamy of Sreevatsa Real Estates said that the CREDAI members
followed a code of conduct and their projects complied with the
Government norms. In Coimbatore, the CREDAI had a redressal forum to
address the grievances of customers who purchased properties from its
members.
Source: http://tinyurl.com/ltpqsep
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