CREDAI property show from August 10

For the first time in the capital city, the Confederation of Real Estate Developers’ Associations of India (CREDAI), is organising a Property Show during August 10 to 12.

Conceived to be an annual event from now on, the first edition will be held at the P Subramaniam Hall of the Trivandrum Club for three days from August 10. Urban Affairs Minister Manjalamkuzhi Ali will inaugurate the CREDAI Trivandrum Property Show 2012 on Friday, at 11 a.m.

Presenting the details of the show at a news conference here on Saturday, S N Raghuchandran Nair, secretary general, CREDAI Thiruvananthapuram, said that the event would showcase the best of projects coming up in the capital city and would be an ideal opportunity for first hand interaction between builders and prospective buyers.

The State Bank of India is partnering the event in a big way. The show is being organised on the lines of the event successfully conducted every year in Kochi, he said.

At a time when quality and timely delivery has become a benchmark of a builder in front of discerning buyers, the event will make an earnest attempt to address it, he said.

The CREDAI will vouchsafe for the quality and strength of each home built by its member builders, for which, following a code of conduct for all of  them is mandatory as per laid out norms, said Varkey John, president, CREDAI Thiruvananthapuram.

V Rajagopal, convener, CREDAI Thiruvananthapuram, said that out of 55-60 builders operating in the capital city now with various residential projects, 28 were accredited with the CREDAI and their participation was ensured.

The show will have a food court and also be noted for highly relevant seminars related to housing and properties to give a wholesome feel, the organisers said.

Speaking on the occasion, Muthuvel, DGM, SBI, pointed out that the Home Loan product of the SBI was the most competitive one in the market and had become more attractive now with the reduction of interest rates from August 7.

The bank also offers the longest repayment period of 30 years in the market, apart from a host of other attractive features, he said.