Confederation of Real Estate Developers Association of India -CREDAI Coimbatore Chapter is hosting its 11th edition of its annual property exhibition – CREDAI FairPro. Held in CODISSIA Trade Fair Complex as a three days event, it was inaugurated on 13. 9.2019, and it ends on 15.9.2019. The exhibition is a platform for customers to get to know about the latest projects of Real Estate Developers from Coimbatore and surrounding areas like Tirupur, Erode, Salem, Madurai, Trichy, Chennai, Bangalore and Kerala. More than 70 developers are participating in this fair.
Rajamani, District Collector, Coimbatore inaugurated the fair and acted as the Chief Guest. J. Sravan Kumar, Corporation Commissioner, Coimbatore and P. Anbarasan, Social Activist & Founder, Nallaram Trust were the Guests of Honor.
While welcoming the gathering Surender Vittal, President, CREDAI Cbe stated that there is a wave of interest among the buyers and public to own properties. He said there has been a positive change in building development rules and CREDAI thanks the government of Tamil Nadu.
He said initially it was a challenge to make customers understand GST norms but now there is clarity on both sides (seller and buyer). He also mentioned that the association has made continuous representations to the District, State and Centre about the requirements and needed aids for its members and for the City in terms of its infrastructure, and they were received positively by the District Administration and the Governments.
V.Gouthaman, President, CREDAI TN addressed the gathering and mentioned that the association is working closely with its constructors and stated that to be a member of CREDAI it takes a lot of eligibility for a constructor. He said the handover quality of property developed by CREDAI members is high and emphasized that a builder from the association extends concern over the property even after delivering it.
He mentioned that the association conducts knowledge sessions and conference to its members about the latest technology and practices so that all the properties developed by them will be of highest quality, done in best technology and retains excellent standards.
S.P.Anbarasan congratulated CREDAI Coimbatore for organizing the exhibition. He said Coimbatore has become a name for quality building constructions and he wished the participants to enhance their business through this fair. He made recommendations that all builders implement efficient rain water harvesting methods in the houses they build, so that it could benefit the people and society at large.
Sravan Kumar said Coimbatore has the best team of officials and industrialists to make it a city par excellence. He said there are many project worth several crores to come to the city in the near future. He called for a sustainable development to take place in the city and mentioned that one’s development should not affect others. He said there have been fruitful discussions with CREDAI and there would be many schemes that could ease and improve the user end experience.
K.Rajamani in his address said, Coimbatore stands next to Chennai in many aspects, and the city has earned the value and respect of the state and central government. He said that to the many practical difficulties in sale and purchase of properties, the Tamil Nadu government has given solutions. He asked the gathering to keep in mind of the future when they plan on developing projects. Conveying that the city is naturally beautiful, he suggested them that their projects should add beauty to the city and must uphold its originality. He suggested that they should take better measures to manage the construction debris and stated that the masterplan for the city will be soon released. He recommended that the buyers get all positive features from them and financial assistance from the banks.
A directory of the projects available in the fair was released by the collector and it was received by S.P.Anbarasan. During the event it was announced that on behalf of the 11th edition of the Fair Pro, 100 trees were planted and a tree on behalf of the Chie Guest and Guests of honor were planted.
With 100+ RERA certified properties, including Villas, Flats, Apartments and Holiday homes, 35+ Real Estate and 4 banks offering financial solutions, the customers have in front, huge choices to pick. The price of apartment starts from Rs.8 lakhs and goes up to Rs. 5 Crore and above.
The Covai Mail spoke to Mr.Rajiv Ramaswamy, Secretary, CREDAI Coimbatore earlier during a press meet held on 11.9.19. Talking about the securities this fair offers to buyers, he said one of the reasons why RERA has come into existence is because in some commercials, the actual product that is sold is different from the ones that were advertised to the customers.
The key aspect in RERA Certification is the product should precisely be what we say it would be. We at CREDAI have always stood by the concept of delivering what we say. All the products in CREDAI are RERA certified.
RERA oversees how the money a builder got as an advance payment from a customer is spent on developing that property in its every stage. So all the projects enlisted in this fair pro give an unmatched security to the money they spend. Rajiv said that customers from middle-class segment who account to 20% of the entire visitors in last year’s fair preferred properties like houses and villas under INR 30 Lacs.
So in this fair there are apartments that start at INR 8 lacs. Approximately 10,000 apartments of various stages (completed, under construction or now launching) are available. He said CREDAI Cbe expects business between INR 150 to 175 crore to take place.