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Confederation of Real Estate Developers Associations of India (CREDAI) Tamil Nadu proclaimed an interest scheme for those buying properties from its members and this was announced in the ‘Fairpro’ and this was the 3rd series of annual property fair for CREDAI. Fairpro chairman said to www.propertykhazana.com that, “The ISS will assist residence purchasers to buy properties at low housing loans for about 6%.” The interest rate on housing loans given by banks and HFCs is 8% and more. As said by him, “The unsold land in Chennai costs for about Rs. 3,500 Crores and the 3 day property show will be held at Chennai Trade Centre in Nandambakkam. The ISS of about 3-3.5% by developers will assist customers at ‘Fairpro’ by paying less EMI and also helps in selling the unsold residential stocks of the builders.”
President of CREDAI Tamil Nadu said to www.propertykhazana.com that, “The entry fee for the show will be charged Rs. 20 per person and the opening fee is for only serious purchasers at the venue and CREDAI counts on auction for over Rs. 175 Crores through the 3 days show. The ISS will be accessible for property sold up to March and visitors of the fair will be able to opt from 250 properties developed by its registered members of CREDAI in the rate ranging from Rs. 15 Lakhs to Rs. 9 Crores roughly.” He also said that, “About 85% of the properties, important flats, to be marketed at this show and the rate ranging from Rs. 25-40 Lakhs approx., the ISS will be accessible for over 90% of the properties marketed at the expo. Only sanctioned ventures will be showed at this fair.” For more updates on real estate market browse www.propertykhazana.com.
Source: NBTVLIVE

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