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In Fairpro 2024, flats emerged as probably the most sought-after section, constituting 46 per cent of the bookings, adopted intently by plots and the remaining on Villas and business areas, S Sivagurunathan, President of CREDAI Chennai, advised businessline.
The honest attracted about 302 bookings with a complete worth of about ₹260 crore. The property present witnessed about 46,000 registrations.
About 39 per cent of bookings fell throughout the ₹30-60 lakh vary, reflecting the recognition of mid-range properties. There was additionally a sustained curiosity within the premium property section as about 26 per cent of bookings had been recorded within the class of ₹.60 lakh to ₹1 crore, he stated.
About 23 per cent of bookings fell within the ₹10-30 lakh class, which caters to budget-conscious patrons in search of inexpensive housing options. 9 per cent of bookings had been within the vary of ₹1-3 Crore, whereas 3 per cent of bookings had been reported in properties priced at ₹2 crore and above.
This yr’s occasion noticed participation from greater than 75 builders with over 200 tasks showcasing 32.5 million sq. toes of residence house, 0.25 million sq. toes of business house and 325 acres of plots spanning a large worth vary from ₹15 lakh to ₹15 crore.
The Fairpro 2024 occasion attracted greater than 31,000 guests, stated CREDAI, Chennai. The Fairpro 2023 witnessed about 312 Bookings value ₹260 crore.
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