200 Projects will be showcased at FAIRPRO 2024, Scheduled from 8th to 10th March over 50,000 visitors are expected this year

Chennai, February 2024: The Confederation of Real Estate Developers Associations of India – Chennai Chapter (CREDAI Chennai), the apex body of Real Estate Developers, is organizing the 16th edition of its annual flagship property and real estate exhibition “FAIRPRO 2024” from 8th to 10th March 2024 at Chennai Trade Centre, Nandambakkam. Acclaimed Actors Ms. Suhasini Maniratnam and Ms. Priya Bhavani Shankar will be inaugurating this year’s FAIRPRO 2024. They are also the brand ambassadors for CREDAI FAIRPRO 2024.

Over 200 projects showcasing 32.5 million square feet of apartment space, 0.25 million square feet of commercial space, and 325 acres of plots will be available for prospective homeowners to choose from. The bankers for this year’s FAIRPRO 2024 are SBI, who is our Title Sponsor, Axis Bank, Canara Bank, HDFC Bank, ICICI Bank, Indian Bank, LICHFL, and Tata Capital. These banking partners will not only provide exciting offers but also exclusive deals during the event.

As a curtain-raiser to the grand event, a home loan mela will be held from March 1st to 3rd at Vijaya Mahal, T Nagar. During the Home Loan mela, there will be special promotions from these bankers, wherein homebuyers can get their home loans pre-approved and avail maximum funding.

Speaking about FAIRPRO 2024, Mr. S Sivagurunathan, President, CREDAI Chennai, said, “CREDAI FAIRPRO 2024 is Chennai’s most popular real estate event. Organized by CREDAI Developers themselves, the event has a track record of touching the highest number of footfalls year on year. This year, FAIRPRO will showcase homes starting from Rs. 15 Lakhs to Rs. 15 Crores from 75+ CREDAI Developers. Also, 8 banks would be offering attractive Home Loans. Incidentally, CREDAI Chennai enjoys a whopping 82.6% market share in the residential market in terms of the number of units sold.”

“As an industry, we employ over 60 million people, as well as being the second-largest employer in India. This year, we expect over 50,000 visitors to participate, thus driving the demand for other allied sectors such as construction, finance, consumer goods, etc.,” said Mr. Aslam Packeer Mohamed, Convenor, FAIRPRO 2024.

“We are witnessing encouraging growth with rising sales in both residential and commercial sectors. Property prices are rising due to an increase in construction material and labor costs while unsold inventory is at the lowest compared to the last 5 years,” said Mr. P Kruthivas, Secretary, FAIRPRO 2024.

“With over 75 of Chennai’s top developers under one roof, it is indeed good news for prospective homeowners. With the Housing for All mission being rolled out across the country, CREDAI Chennai is doing its bit to ensure home-seekers become homeowners, for after all, it is indeed everyone’s dream to own their own home,” said Ms. Suhasini Maniratnam, Actor and Brand Ambassador, FAIRPRO 2024.

“For the convenience of visitors, CREDAI FAIRPRO has developed a Mobile App that helps one navigate, engage with exhibitors and sponsors, locate stalls and amenities, and have information on developers, sponsors, bankers, event booklet, and the three-day schedule,” said Ms. Priya Bhavani Shankar, Actor and Brand Ambassador, FAIRPRO 2024.