The property expo brings together 40 leading developers under one roof.
The 10th edition of Property Plus Living Spaces 2015, organised by The Hindu, is taking place at the Chennai trade Centre, Nandambakkam, on June 27 and 28. The event has been planned to help prospective property buyers identify their dream home at the right location and price.
Over 40 leading developers will participate in the expo and display more than 250 projects in the city. Associated financial institutions and bankers will be present. Rajkumar Satchidanandam, marketing manager, Rajparis, says reduced interest rates have led to an increase in enquiries from buyers. “The expo comes at the right time as developers will be forced to increase property prices soon due to increasing rates of raw materials.”
The future of home buying looks promising due to the various policy initiatives of the Government such as interest subsidies for home loans. The Real Estate Regulation Bill, which is expected soon, will bring in many reforms and streamline the industry. VGP Rajadas, senior director, My VGP, says, “With the recent political developments in the State, I believe the future of the realty industry is promising. The expo is a great platform for developers to showcase their projects and interact with buyers as well.”
Manoj Namburu, chairman and managing director, Alliance Group, says, “Chennaiites have always welcomed property expos and I am confident that this year will be no different.”
The expo is an ideal platform for home buyers and brings together various stakeholders — developers, builders, bankers, buyers and investors. K. Raamachandren, vice-president – sales, Esthell Homes, says, “The expo is a one-stop shop for buyers as projects are available based on their budget and location preference. The presence of banks and other financial institutions is an added advantage.”
The organisers believe that another important factor that will propel the buying spree is the much-awaited launch of the first phase of the Chennai Metro Rail Network from Koyambedu to Alandur. Property prices in the areas along the 10-km stretch — Anna Nagar (West), Koyambedu, Vadapalani, Ashok Nagar and Ekkaduthangal — are expected to go up by at least 15 per cent.
Praful Nahata, partner, PS Srijan Realty, says, “Events like these offer first-time investors and buyers numerous choices. They must keep in mind factors such as quality, pricing, and how aesthetically the projects are designed. At an expo, a buyer also has the advantage of receiving promotional offers and other discounts.”
Srinivas, managing director, Pyramid Estates and Developers, says the event gives potential buyers an opportunity to evaluate current investment opportunities. “Ensuring customers a unique living experience coupled with amenities and infrastructure is important.”
V. Ramaswamy, proprietor, Bhaggyam Constructions, says, “Buyers get their money’s worth at such events as they have many options to choose from.”
This annual exhibition has on offer a wide range of projects that include apartments, villas, row houses and plots. Properties are priced between Rs. 25 lakh and Rs. 5 crore.