SBI Announces 7.1% Home Loan Rate At CREDAI FAIRPRO 2026
India’s largest public sector lender, State Bank of India, has rolled out an attractive home loan interest rate starting at 7.1% for property buyers in Chennai. The announcement was made ahead of the 18th edition of FAIRPRO 2026, a major real estate exhibition set to be hosted at Chennai Trade Centre in Nandambakkam from February 20 to 22. The initiative is expected to energise buyer sentiment and accelerate housing demand in one of South India’s most stable property markets.
Officials added that the expo will feature on-the-spot loan sanctions, allowing prospective buyers to secure approvals instantly. Special counters will assist visitors with eligibility checks, documentation guidance, and customised financing solutions.
The bank aims to reduce entry barriers for new buyers by combining lower borrowing costs with faster approvals, making the property purchase journey smoother during the exhibition period.
Industry representatives expect strong footfall this year, citing rising aspirations, improving affordability, and renewed confidence in the housing sector. With SBI as the sole banking partner, visitors will have direct access to financing support alongside property exploration.
The exhibition will feature 500 projects presented by 80 developers, covering a vast portfolio of 52,586 housing and commercial units. The developments collectively span 57.2 million square feet, offering a wide spectrum of choices across budget and premium categories.
Property prices at the expo will range from ₹15 lakh for entry-level homes to ₹15 crore for luxury residences, catering to diverse buyer segments.
Improved income levels and revised tax structures are encouraging more families to consider property investments. Additionally, Chennai’s emergence as a hub for Global Capability Centres is fuelling office space demand, with projections suggesting office stock could cross 100 million square feet by the end of 2026.
Major infrastructure projects, including metro rail expansion and urban connectivity upgrades, are further enhancing property valuations across the city.
The luxury housing segment is witnessing notable traction, attracting high-net-worth buyers seeking premium amenities and lifestyle upgrades. Simultaneously, sustainable and smart homes are gaining popularity, reflecting an increasing shift towards eco-friendly construction and technology-enabled living environments.
Energy-efficient designs, automation systems, and green building certifications are becoming key selling points, especially among younger urban buyers.
As FAIRPRO continues to evolve, it is no longer just a property exhibition but a comprehensive platform connecting financing, development, and innovation under one roof — giving Chennai’s homebuyers both opportunity and confidence in their purchase decisions.
Special Loan Benefits For Homebuyers
Senior bank officials highlighted that the concessional rate is designed to make home ownership more accessible, particularly for first-time and young buyers. Interest rates will begin at 7.1% for applicants with strong credit profiles, with additional concessions on processing fees.Officials added that the expo will feature on-the-spot loan sanctions, allowing prospective buyers to secure approvals instantly. Special counters will assist visitors with eligibility checks, documentation guidance, and customised financing solutions.
The bank aims to reduce entry barriers for new buyers by combining lower borrowing costs with faster approvals, making the property purchase journey smoother during the exhibition period.
FAIRPRO 2026 To Showcase Mega Housing Portfolio
The property showcase is being organised by CREDAI under its Chennai chapter, positioning the event as a one-stop destination for buyers, investors, and developers.Industry representatives expect strong footfall this year, citing rising aspirations, improving affordability, and renewed confidence in the housing sector. With SBI as the sole banking partner, visitors will have direct access to financing support alongside property exploration.
The exhibition will feature 500 projects presented by 80 developers, covering a vast portfolio of 52,586 housing and commercial units. The developments collectively span 57.2 million square feet, offering a wide spectrum of choices across budget and premium categories.
Property prices at the expo will range from ₹15 lakh for entry-level homes to ₹15 crore for luxury residences, catering to diverse buyer segments.
Chennai Real Estate Market Shows Strong Momentum
Real estate experts note that Chennai continues to remain one of India’s most resilient housing markets. Both residential and commercial segments are witnessing sustained growth driven by infrastructure upgrades and economic expansion.Improved income levels and revised tax structures are encouraging more families to consider property investments. Additionally, Chennai’s emergence as a hub for Global Capability Centres is fuelling office space demand, with projections suggesting office stock could cross 100 million square feet by the end of 2026.
Major infrastructure projects, including metro rail expansion and urban connectivity upgrades, are further enhancing property valuations across the city.
Shift Towards Luxury And Smart Living
Developers at the expo are also highlighting changing buyer preferences. Demand for apartments, villas, plots, and commercial assets remains robust across micro-markets.The luxury housing segment is witnessing notable traction, attracting high-net-worth buyers seeking premium amenities and lifestyle upgrades. Simultaneously, sustainable and smart homes are gaining popularity, reflecting an increasing shift towards eco-friendly construction and technology-enabled living environments.
Energy-efficient designs, automation systems, and green building certifications are becoming key selling points, especially among younger urban buyers.
As FAIRPRO continues to evolve, it is no longer just a property exhibition but a comprehensive platform connecting financing, development, and innovation under one roof — giving Chennai’s homebuyers both opportunity and confidence in their purchase decisions.
Next Story