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Property Expo in Kochi
A three-day Kerala Property Expo will be held here from August 3, which would have leading builders from the state and outside under a single platform.
The Expo, being organised by the Kerala Builders Forum (KBF) will see the participation of 41 builders, including 11 from outside the state, KBF Chairman, Mathen Chakola and secretary, George E George, told a press meet here.
The builders said the NRI share in read estate was coming down and they were targetting the people in the state.
George said due to the Floor Area Ratio (FAR) issue in the state, only a few projects were coming up. There is likely to be increase in prices of properties due to fact that built up area was less.
To provide on-the-spot loans, financial Institutions like LIC Housing Finance, ICICI, HDFC, SBI and SBT are also taking part.
LIC Housing Finance ltd (LICHFL), one of the largest providers of housing finance in India, is the main sponsor of the expo.
LICHFL is coming out with a special offer of reduced interest during the expo to help prospective buyers, Reenu Muridharan, Regional manager and P Radhakrishnan, operations manager said.
S K Mitter, Director and Chief Executive of LIC Housing Finance would inaugurate the expo.
Source: The Hindu
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