Apartment Sales in Madurai Experience Significant Growth, Credai Reports

Sales of apartments in Madurai have gone up substantially in the past two years. Demand for apartments with 50 units and more has been on the higher side. S R Muthu Vijayan, president of Credai Madurai, said this was because the city’s infrastructure was growing and connectivity to other places had improved.

As the event has been announced, Credai Fairpro 2025 will take place between January 31 and February 2 at the Thamukkam Convention Centre. Here, it is a fair platform to show numerous real estate projects that would encourage the city’s developing market by involving the purchasing power of individuals as well as investors.

Known for its historical significance, Madurai is growing fast. The perimeter of the city has increased from 12 km to nearly 20 km over the last decade and thus is encouraging residential property in the core areas of the city as well as in the growth areas. The availability of better connectivity has encouraged homebuyers to invest in these expanding regions further.

Credai Madurai secretary T E Yogesh highlighted that now is an ideal time to invest in the city. He pointed to several major projects in the pipeline, including the establishment of AIIMS, a TIDEL park in Mattuthavani, and upcoming flyovers in Melamadai and Goripalayam. These projects, along with a focus on sustainability in construction, are expected to further boost the region’s real estate market. At the upcoming expo, green-certified projects adhering to the Indian Green Building Code will also be showcased.

The fair will feature more than 40 developers presenting over 100 projects, including plots, villas, and apartments. Prices for plots will start at 3 lakhs, while apartments will range from 20 lakh to 2.5 crore. Seven banks, including SBI, will offer loan assistance and EMI options. Visitors will also have the chance to win daily lucky draw prizes, including a plot worth 3 lakh. Additionally, special sessions on topics like sustainable housing and property purchasing apps will be held.