Free Press Journal

Apartments between Rs 30-60 lakh most preferred: CREDAI

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Chennai: Majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh at the seventh edition of the Fairpro 2014 that concluded here recently, real estate industry body CREDAI said today.

Besides, the event also witnessed record sales of over 300 units and Rs 200 crore revenue was generated, the industry body said in a statement.

“FAIRPRO 2014 saw a record sale of above 300 units bringing in revenue of Rs 200 crore for the real estate sector and recorded a footfall of about 30,000. About 72 per cent of the residential units booked were in the range of Rs 30 lakh to Rs 60 lakh category,” the statement said.


Giving a break up of the bookings received, it said, “93 apartments were sold between Rs 10 and Rs 30 lakh, 126 between Rs 30 and Rs 60 lakh, 62 between Rs 60 lakh and Rs 1 crore, 17 between Rs 1 crore and Rs 2 crore, two apartments between Rs 3-5 crore and one apartment above the Rs 5 crore price range.”

The event was held during February 21 – 23 in city and about 70 real estate developers participated, it said.