CREDAI, Chennai Chapter, started its three-day home loan mela on March 1, in T. Nagar

The Chennai Chapter of the Confederation of Real Estate Developers' Associations of India (CREDAI), on Friday, March 1, began a three-day home loan mela at T. Nagar. The mela takes place ahead of the 16th edition of CREDAI FAIRPRO 2024, the yearly premier property and real estate show, which is set to take place from March 8–10 at the Chennai Trade Centre in Nandambakkam. Alok Kumar Chaturvedi, Local Head Office Deputy Managing Director (Retail – Personal Banking & Real Estate) of State Bank of India, and CREDAI National Vice President S. Sridharan jointly opened the mela.

According to a news release, the mela will provide access to home loan products from financial institutions as well as advice on a range of topics related to the house-buying process, such as eligibility requirements, paperwork needs, loan repayment choices, special offers, discounts, and incentives.

This year's bankers taking part in the Home Loan Mela 2024 are SBI, Canara Bank, HDFC Bank, Indian Bank, and LIC HFL. The goal is to provide housing loans up to ₹1,000 crore in total. This is based on the conviction that, following seven years in the State, the real estate sector has seen a boom. 

Participants included former presidents, Aslam Packeer Mohamed, the convenor of FAIRPRO 2024, and P. Kruthivas, secretary of CREDAI Chennai.