CREDAI For 100 Percent Guaranteed Campaign

CREDAI For 100 Percent Guaranteed Campaign

By PTI   |   Thursday, February 16, 2012
Chennai: Boosting confidence among buyers, apex industry body Confederation of Real Estate Developers' Association of India (CREDAI) would promote the "100 percent guaranteed campaign" across all its events, a top official said. The initiative, comes in the wake of some real estate developers putting out huge advertisements attracting buyers for their projects with out getting any approval from state industry regulator Chennai Metropolital Development Authority (CMDA). "Yes, this will be done across all the projects of CREDAI... Members of CREDAI always display projects approved from CMDA. But this will ensure more transparency and increase the confidence levels of buyers..." CREDAI National Secretary and Chennai unit President T Chitty Babu said. Besides,the industry body would also put out a legal corner on the upcoming three day expo "Fairpro 2012" that would help customers to clarify their legal doubts with the concerned authority instantly, he said. "This is the fifth edition of FAIRPRO. Around 65 builders will put out 85 stalls in Chennai Trade Centre, (the venue for the event)..",he said, adding, the "Legal Corner" at the venue would be created inorder to ensure more transparency. Around 250 completed projects ranging from rs10 lakh to rs10 Crore would be displayed at the three day exhibition which begins on February 17, at the venue, he said. "FAIRPRO 2012 will underscore the vistion of 'Mission Transparency" initiative. We intend to offer this platform for buyers to own a property that is based on strong value of trust and integrity",he said. He said last year there were about 50,000 footfall for the exibition and a total of rs150 crore business was generated during the event. Headquartered in Delhi, CREDAI currently has over 6,000 developers under its fold including 280 from Tamil Nadu.

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