CBRE organizes 3-day mega property show
CBRE South Asia Pvt. Ltd., India’s leading real estate consulting firm, yesterday, inaugurated a 3-day mega property show – CBRE PropFair, an attempt to accelerate the city’s residential market by getting over 300 projects and about 60 developers to showcase their projects for the convenience of the consumers. CBRE also launched its research report ‘Resurgence of Chennai’ and shared an overview on Chennai’s residential real estate market.
The market witnessed launch of over 170,000 apartment units in the last 10 years, resulting in an organized residential stock growing from about 38,000 units in 2007 to more than 195,000 units by 2017. As per the report, over 500 projects in Chennai has been registered with RERA which is promoting transparency and accountability in the residential segment which in-turn results into end-user confidence.
The 3-day exhibition, inaugurated by Mr. Ajit Chordia, Managing Director, Olympia Group also witnessed the presence of dignitaries including Rajat Johar, Head of Residential Services, India, CBRE; Preetham Mehra, Executive Director & Head Chennai, CBRE along with the city’s top residential real estate developers. With display of over 300 prestigious projects, the fair is being held at Chennai Trade Centre, Nandam bakkam from 29th June- 1st July 2018 and expected to see witnessed high footfalls.