Thursday, February 11, 2010

CREDAI - FAIRPRO 2010 on Feb 19th - 21st at Chennai Trade Centre

Confederation of Real Estate Developers’ Associations of India (CREDAI) has started its marketing campaign for FAIRPRO 2010 to be held on Feb 19th, 20th and 21st, at Chennai Trade Center at Nandambakkam, Chennai.

Last year's event - FAIRPRO '09 - highlighted a "never-before" price waiver of 30% by one of the builders - Jain Housing for the Alpine Meadows project.

For 2010, it seems one of the builders is going to offer a discount of Rs.599/sqft - or that is what we predict based on the theme of the ads.. [we guessed wrong, read UPDATE below]

The last image talks about the "RUSH for here comes a deal that has that has never been heard before in the history of Chennai Real Estate".

That other possibility is Rs.599/sqft as the rate on offer - which seems highly unlikely. Because Rs.599/sqft was a deal which was on offer previously - probably a decade ago :-) and hence is "history". With construction rates well over that rate, we do not believe there will be a surprise in this angle, unless someone comes up with more innovative Laurie Baker approach of affordable housing construction, very far away Chennai city limits.

So, for now, our prediction is a discount of Rs.599/sqft on those 3 days, by one builder, for one of their projects.

UPDATE : Seems our guess was not right. 599 refers to 5.99% interest rates on home loans, to be made available at Fairpro 2010. was launched during last year's event, that is FAIRPRO 2009.

For this year too, we plan to cover the event in this blog and provide more details to our visitors at our Chennai Real Estate website -

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