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Chennai expo produces 320 property deals, Rs 285 cr income

February 23, 2016 | By

Going ahead the heels of the December downpour that cast shadow on the city’s realty segment, the simply finished up three-day property expo FAIRPRO 2016 here saw an offer of 320 properties producing income of about Rs 285 crore, coordinators have said.

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The yearly occasion – FAIRPRO 2016 – supported by land designer body CREDAI and held from February 19-21 brought about 22,800 footfalls and bookings of 322 properties.

“Absolute income created is around Rs 285 crore. It is without a doubt a pointer that the realty division is balanced for relentless development (after the surges),” a public statement said.

Nearly 80 engineers participated in the occasion and more than 300 properties evaluated between Rs 10 lakh to Rs 10 crore were reserved.

“FAIRPRO 2016 is a tremendous achievement and the reaction we got is overwhelming.It emphasizes that buyers and engineers value a stage that is straightforward and dependable with regards to interest in the segment,” CREDAI Chennai President Ajit Kumar Chordia said.

The city and rural areas were battered by remarkable downpours in November-December, bringing about surges in a few territories.

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