Apartments between Rs 30-60 lakh most preferred during Fairpro 2014: CREDAI
As per the real estate industry body CREDAI, at the recently concluded seventh edition of property exhibition Fairpro 2014, held at Chennai during February 21-23, majority of home buyers opted for mid-range apartments priced between Rs 30 lakh and Rs 60 lakh.
Besides, a record sale of over 300 units and revenue of Rs 200 crore was generated during the event, the industry body said in a statement.
The statement further said, “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.”
Giving details on the breakup of the received bookings, the statement further 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.”
Source: The Economic Times
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