Friday, Mar 14 2025 | Time 14:06 Hrs(IST)
Business Economy


TN CM Stalin inaugurates 17th FAIRPRO

TN CM Stalin inaugurates 17th FAIRPRO

Chennai, Feb 14 (UNI) Tamil Nadu Chief Minister M K Stalin on Friday inaugurated the 17th edition

of Fairpro, the biggest real estate expo, organised by the Confederation of Real Estate Developers’ Associations of India (CREDAI).

The 3-day event was bigger and better, offering homebuyers a one-stop destination to explore 500

plus projects spanning 32.5 mn sqft of residential space, 0.25 mn sqft of commercial space, and

325 acres of plotted developments.

Popular actress Trisha Krishnan has been named as the brand ambassador for FAIRPRO 2025.

Enjoying an 82.6% market share in the residential market, FAIRPRO brought together 80+ leading

developers under one roof. Additionally, five major banks were present offering home loan options

and special offers and deals.

Chennai contributes 8.8 per cent of the country's GDP and is the second-largest economy and manufacturing hub in India.

The state government's vision of achieving a 1 trillion economy by 2030 will further boost urbanization and industrialization, significantly benefiting the housing sector in the state," M. V. R. Murali Krishna, General Manager, Network 1, Chennai Circle, State Bank of India said.

Chennai is a key contributor to the thriving real estate market in South India and plays an important role in shaping the sector at the national level. As a vibrant city with immense potential, it continues

to attract homebuyers and investors alike. FAIRPRO 2025 highlights this strength, offering a platform that reinforces Chennai's position on the national map as a trusted destination for property investments," said Mr. S. Sridharan, Vice President – South Zone, CREDAI National.

“With 82.6% of the residential market share, CREDAI Chennai developers have set a benchmark for trust, quality, and innovation. FAIRPRO 2025 offers homebuyers an unparalleled platform to explore RERA-approved projects and the best deals under one roof. This event reflects our commitment to transparency and excellence. I encourage everyone to make the most of this opportunity and turn their dream of owning a home into a reality,” said Mr. Mohamed Ali, President, CREDAI Chennai.

“The residential market in Chennai remains strong, with unsold inventory at a seven-year low and property prices rising by 6.5% due to increased demand and higher input costs. Infrastructure development and metro expansion projects are further boosting property values, making this a

prime time for investment,” said Mr. S Sivagurunathan, Advisor – FAIRPRO 2025 & Immediate Past President – CREDAI Chennai.

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