A three-day property and home loan expo, being organised by the Industrial Development Bank of India Limited (IDBI Bank) got under way at Valluvar Kottam, chennai on Friday.

The organiser has brought together more than 40 builders and flat promoters for the event. They would showcase projects worth over Rs.2,000 crore in total. All of IDBI’s products, including personal and educational loans, would be available to visitors, senior officials said. The focus would be on home loans, though, and customers with good credit-worthiness would be given concessions such as waiver of processing fee and discount on interest rates, they said.

Another highlight of the fair is the presence of a few stalls offering home needs such as kitchen accessories and interior decoration. Some builders have also offered their services to those looking for building contractors for constructing their own houses.

IDBI hopes to make the fair an annual feature and organise similar expos at other urban centres seeing a real estate boom, officials said. Source: Hindu