In Tamil Nadu's Madurai, a two-day property show, called ‘FAIRPRO 2013’, was organised in which 15 flat promoters from the city showcased 25 properties. The Madurai Chapter of the Confederation of Real Estate Developers Association of India (CREDAI) inaugurated the property show at a private hotel on October 5.
S Rethinavelu, senior president of the Tamil Nadu Chamber of Commerce and Industry, acknowledged the efforts of flat promoters in providing affordable housing for different income groups.
Real estate industry's focus has now shifted to tier II and tier III cities, which are being considered by an increasing number of people for investment in real estate, he said.