Aug 11, 2016: The Confederation of Real Estate Developers’ Associations of India (CREDAI) Hyderabad, an active City Chapter of the country’s apex body of private real estate developers in the city, announced the 5th edition of CREDAI Property Show at Hitex Exhibition Centre, Madhapur. The 3-day property show, from August 13th to August 15th will bring together 115+ realtors from across the city, manufactures of building materials, consultants and financial institutions from various parts of the country on to one single platform to showcase their properties, products and services for the convenience of the buyers, customers and investors to make their choices for purchase or for investment.
CREDAI Property Show is the 5th edition of the CREDAI Hyderabad and is the biggest Property Show in the State with an increase of 20% in participation and the projects on display. The exhibition will showcase properties suiting every requirement and budget by the developers providing consumers a chance to get the best options for home solutions in the fast growing city of Hyderabad. Information on housing loan options and how to avail them will also be available at the exhibition. The show will see participation from over 115 developers and other stakeholders such as equipment suppliers, banks and financial institutions, displaying more than 15000 properties.
Speaking on the occasion Mr. S. Ram Reddy, President, CREDAI Hyderabad said “Hyderabad has witnessed rapid urbanization with more an increase of population by over 3 million in the past 3 4 years. Hyderabad is on a threshold of an interesting phase of development with multi-nationals like Google, Amazon, IKEA, Microsoft, Infosys, Synchrony Financial etc. either starting or expanding their operations in the City.
On the other hand, the 1st phase of Startup incubator, T-Hub having been fully occupied, is emerging as a potential driver for growth and employment generation. The Government has not only taken steps to facilitate and increase the “Ease of Doing Business” but has such innovative initiatives such as “Mission Kakatiya” – to enrich and develop irrigation tanks and lakes to usher renewed vigor in the agricultural and rural economy, which will have a spinoff effect on the growth of Real Estate in the State in general and in Hyderabad in particular; “Mission Haritha Haram” to increase the green cover in the city and the State to reach the optimum level of 33% in the next three years; “Mission Bhagiratha” – a path-breaking policy measure – to provide drinking water to all the citizens of the State which will not only improve the quality of life but also the productivity of the people to propel the economy to higher level. While these policy initiatives have received nationwide and even worldwide acclaim, the government have with a view to facilitate “Ease of Doing Business” in the Real Estate Sector have issued GOs and simplified the Building Rules and removed certain the bottlenecks in them and infused accountability and transparency in the Approval Processes and introduced Online, Single window Approval Mechanism, eliminating the human contact between the regulator and the developer.
Truly, we are in the midst of an exciting phase of development in the State. It is therefore considered appropriate to organize the fifth and biggest edition of CREDAI Property Show, aimed at projecting the innovative policies of the government, as they all collective have a great impact in generating conducive atmosphere for investments and for taking up housing projects to meet the increasing demand for housing. We are confident that the Property Show will further lift up the positive sentiment seen emerging in the Hyderabad and the State.”
Adding to this Mr. P Ramakrishna Rao, General Secretary, CREDAI, Hyderabad said, “The Real Estate sector in Hyderabad is driven by the end user whose number is increasing thanks to new Industrial Promotion Policy, TSiPASS and the comprehensive IT Policy, and is witnessing growth impulses and we see the Real Estate is coming out of slowdown and stagnation seen in the past five years both in terms absorption and value. The initiatives by the government to attract investments and improve the ease of doing business in the state, will go a long way in making Hyderabad a truly global city. There is a regular flow of applications for setting up industries in the State, which has seen investment approvals to the extent of 25,000 crores in the last financial year. We certainly expect “Acche Din” for the real estate in Hyderabad in the coming months. The positive sentiment can be gauged from the fact that the stall booking has completed within the first few days of announcing the property show to our members. We have also planned some interesting sessions during the property show to brainstorm and identify ways and means to streamline the remaining issues requiring the attention of the government for the development of Hyderabad and for promoting “Brand Hyderabad” to a larger global audience.”
Further Mr. G Ram Reddy, President CREDAI Telangana added, “Hyderabad is one of the preferred IT destinations for multinational companies and research and development centres. The new supply was mainly concentrated in Hyderabad’s IT and Extended Corridors of SEZ. Also, unsold inventory levels have been on the decline and leasing of office spaces are the highest this year. CREDAI Telangana is actively supporting The property show this year and expecting a massive turnout at the event.”
According to Mr. Ramachandra Reddy, General Secretary, CREDAI Telangana, “Last 2 years, since the formation of Telangana State, we have seen a lot of proactive measures being taken by the government making the state one of the best managed states in the country. Over the last few Quarters we have seen an increase in absorption of commercial spaces by corporates, leading to more job creation and an increase in demand for housing. Also the plans to develop the transit oriented growth corridors along the ORR will spread the development across the state. Credai Property show is being timed appropriately and makes it the best time for the homebuyers to purchase the property in Hyderabad and the surrounding growth regions of Telangana State before the price escalation.”
Speaking about the Property Show Mr. K Rajeshwar, Coordinator– CREDAI Property Show, “This is the Biggest ever property show by CREDAI as we are displaying the largest number of properties under one roof. This year we have also introduced three pavilions to accommodate the requirement of some participating members to be able to showcase their projects. The enthusiasm from the developers was evident from the quick booking of the stalls at the property show and we are hopeful that we will also get the best ever footfalls to this property show. We are looking forward to an eventful and exciting 3 days of CREDAI property show from 13th to 15th of August.”