3-day The Hindu Home Expo opens at LuLu Mall in Thiruvananthapuram
The expo, which has 52 stalls and sees participation by 40 builders and four banks, offers home buyers attractive rates from builders and reduced interest rates from banks. Projects approved by the Kerala Real Estate Regulatory Authority (K-RERA) are on sale at the expo which will be open from 11 a.m. to 10 p.m. till Sunday (July 27).
In his inaugural address, Kadakampally Surendran, MLA, said the latest edition of The Hindu Home Expo is happening at a critical juncture when the State capital is witnessing rapid expansion, providing ample opportunities for the real estate sector and home buyers.
'Much of this urban expansion is centred on the Kazhakootam region and its environs. With the development of Technopark progressing at great speed, Thiruvananthapuram is rapidly transforming into a city of techies with nationally and internationally-renowned companies getting established there. By the end of this year, the new stage of Technopark is expected to add close to one lakh more employees,' Mr. Surendran said.
S.N. Raghuchandran Nair, convener-general, Confederation of Real Estate Developers Associations of India - Kerala (CREDAI Kerala), and president, Trivandrum Chamber of Commerce, said this was the right time to have the expo, given the fact that Thiruvananthapuram is in a 'take-off stage' development-wise. The exemption of income tax up to ₹12 lakh is expected to see an increase in disposable income, driving potential investment in properties, apartments and vehicles, he said.
Sandeep Abraham, president (sales), Cera Sanitaryware Ltd, and guest of honour at the event, said the real estate sector in Thiruvananthapuram, a city which now boasts one of the biggest ports, is transforming fast. 'The landscape has changed. It shows the story of the economic growth that the city is witnessing,' Mr. Abraham said.
Sunil Kumar S., general manager and circle head, Canara Bank, and guest of honour, said the bank was elated to be associated with the expo. He urged home buyers to make use of the opportunity to own their dream home by participating in the event.
K.K. Joshy, assistant vice-president and Kerala business head, said that The Hindu Home Expo, which is now in its eighth edition, has consistently received overwhelming response. 'The objective is to offer a common platform for buyers and builders,' he said.
Offering felicitations, Arun A. Unnithan, president, CREDAI Thiruvananthapuram, said that CREDAI Thiruvananthapuram members have had encouraging results from the expo in the previous editions.
The Hindu Home Expo will also be conducted at the LuLu Mall, Kochi, from August 1 to 3.
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