CBRE to host Property Fair in Chennai
CBRE India is organizing a three day property exhibition, CBRE PropFair, at the Chennai Trade Center from 19th August to 21st August, 2016. It is the third such event which is expected to host 20,000 to 25,000 potential buyers and over 80 developers and financial institutions.
Chennai, primarily being a user-driven market is witnessing a considerable demand in the mid-range segment, specifically for units ranging from 35 lakhs – 75 lakhs. Post the floods in the city, demand for real estate space witnessed a 55 per cent increase in demand in the 1st half of 2016 as against the 1st half of 2015.
AS Sivaramkrishnan, Head-Residential Services, CBRE India said, “We organized the first Propfair in Chennai in 2014, with the vision to enable end consumers to make well informed purchasing decisions. We are delighted that we have been able to provide one ideal destination for all consumer queries for the past two years, helping them realize the dream of owning a home in the city. With this event we want to provide integrated platform where the developers can showcase their product to the consumers and enable their purchasing decision through financial institutions.”