Latest news with #HarithaPoornima
The Hindu
08-08-2025
- Business
- The Hindu
Three-day property fair, Fairpro, takes off in Coimbatore
Fairpro 2025, a three-day property expo organised by the Confederation of Real Estate Developers' Association of India (CREDAI), Coimbatore, took off at the CODISSIA Trade Fair Complex in Coimbatore on Friday. Inaugurated by Haritha Poornima, General Manager, Network 3, State Bank of India, the exhibition has on display details of more than 100 projects from 30 property developers who are CREDAI members in Coimbatore. The projects include villas, apartments, plots, senior citizen communities, ready-to-occupy properties, and holiday plots in the price range of ₹20 lakhs to ₹7 crores each. According to Ms. Poornima, the State Bank of India and the CREDAI partner at the national level, and the bank offers various products for consumers. S.R. Arvind Kumar, president of CREDAI Coimbatore, said the Master Plan released by the State government and plans for Coimbatore airport expansion, ring roads, and flyovers have all made the city an attractive destination. Chairman of Fairpro, Surender Vittel, said the exhibitors have special prices and incentives for the prospective buyers who book the properties during the fair.
Time of India
08-08-2025
- Business
- Time of India
Fairpro 2025 property fair begins in Coimbatore
Haritha Poornima, general manager, Network 3, State Bank of India, inaugurated the fair. COIMBATORE: Fairpro 2025, a three-day property fair organised by the Confederation of Real Estate Developers Associations of India (Credai), Coimbatore chapter, began at the Codissia Trade Fair Complex here on Friday. Haritha Poornima, general manager, Network 3, State Bank of India, inaugurated the fair. The fair showcases apartments, villas, senior living, gated communities, plots and many more to suit the requirements of all sections of society. More than 30 builders displayed over 100 upcoming as well as ready-to-occupy properties, with prices ranging from Rs 20 lakh to Rs 7 crore. In her inaugural speech, Poornima said the warmth of the people and the prevailing weather conditions in the city were the two fascinating features that attract people from other parts of Tamil Nadu and states to come and settle in the city. A white paper jointly prepared by Credai and JLL (a global real estate services company) on 'Coimbatore Real Estate—Leading the Upswing' was released by Poornima in the presence of JLL vice-president S Shrivignesh. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Raksha Bandhan wishes , messages and quotes !
The Hindu
08-08-2025
- Business
- The Hindu
Coimbatore sees a steep rise in residential property development
COIMBATORE The number of new residential units launched in Coimbatore has grown 52% in 2024 compared with 2019. According to 'Coimbatore Real Estate : Leading the Upswing', a study by JLL India that was commissioned by CREDAI Coimbatore and released at the inauguration of Fairpro 2025 on Friday, the number of residential projects launched in 2024 is 70% more than the launches five years ago. There is a strong demand for mid-segment housing in the price range of ₹50 lakh to ₹70 lakh each and new housing hubs are coming up near the IT parks, including Keeranatham, Vilankurichi, Saravanampatti, and Kalapatti. The premium villa projects in the price range of ₹2.5 crore to ₹3.5 crore are now popular among high network individuals and non-residential Indians. In the case of office, the white paper highlights that market absorption has gone up by 2.3 times to 8.8 million by 2024. The average rental value is ₹55 per a month and in 2024 alone 1.4 million was absorbed. In the case of logistics and industrial space, the availability has expanded 47% to 6.6 million and Coimbatore has captured 16 % of India's total market share in the senior living sector. The retail market space demand is driven by rapid urbanisation and rise in white collar employment. While there are three grade A malls, two more are coming up. The white paper was released by Haritha Poornima, General Manager, Network 3, State Bank of India, in the presence of JLL vice-president S. Shrivignesh.
