CREDAI announces 6th Edition of Hyderabad Property Show 2018
CREDAI Hyderabad Property Show the Most Credible Property show to be held from 2nd to 4th March 2018
Hyderabad: – CREDAI, the Confederation of Real Estate Developers’ Associations of India, country’s apex body of private real estate developers, today announced the 6th Edition of the Hyderabad Property Show 2018 at an event. Mr. B. Janardan Reddy,I.A.S, Municipal commissioner, GHMC, T. Chiranjeevulu, I.A.S, Metropolitan Commissioner, HMDA, CREDAI senior leadership team comprising of Sri S. Ram Reddy, President CREDAI Hyderabad, Sri. P Ramakrishna Reddy, General Secretary CREDAI Hyderabad, K. Rajeshwar, Treasurer, CREDAI Hyderabad along with Vice Presidents Sri Aditya Gowra, Sri G. Anand Reddy, Dr. M.S. Anand Rao, Sri. D. Muralikrishna Reddy and the Joint Secretaries Sri C G Murali Mohan, Sri. V. Rajeshwar Reddy and a large number of developers, stakeholders and industry members graced the occasion.
CREDAI Hyderabad Property Show 2018 which will be held from 2nd to4th March 2018 at Hitex, Madhapur . The three day property show will bring together realtors, building material manufacturers, consultants and financial institutions from across the city to exhibit the advances in the real estate sector under a single umbrella. The event will present integrated townships, apartment complexes, gated communities, villas, green buildings with a special impetus on retail and commercial complexes. The show will see participation from over 120 developers and different stakeholders from the financial and manufacturing sectors. 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 twin cities. Information on housing loan options and how to avail the same. The Property show will exhibit diverse offerings from value to luxury and will also introduce exciting offers from developers. The show is expected to have a turnout of over 1 lakh visitors this year.
Speaking at the Curtain raiser for the CREDAI property show, Mr. S. Ram Reddy President, CREDAI Hyderabad,said, “Hyderabad offers the best infrastructure facilities and connectivity across the city. The city is a preferred destination for most of the IT & ITES organizations, Gaming and Animation industry besides the health care sector. Government of Telangana has been pivotal in attracting the investments and promoting and elevating “Brand Hyderabad” by hosting the biggest “GES Summit” to make the city feature on the Global startup map as a prospective hub fostering and providing conducive startup ecosystem. The success of the implementation innovative schemes likeTS-iPass is palpable with Telangana state being ranked as the No. 1 state in the yearly state-wise ranking on assessment of implementation of the ‘Business Reforms Action Plan’ (BRAP) in 2017 or the ease of doing business. Hyderabad is expected to have an office space absorption of approximately 7.5 million square feet this year, its highest ever in a year, due to robust demand from IT/ITeS, BFSI and startup companies driven mainly by talent pool availability, conducive business environment and relatively lower rentals.This is a precursor to theimminent increase in the demand for the residential real estate. For the benefit of the end users the property prices are the lowest when compared to cities with comparable development and infrastructure. The CREDAI Hyderabad Property Show is being aptly scheduled from 2nd to 4th March 2018 to help the buyers identify the best projects in the city under one roof.”
Adding to this Mr.P Rama Krishna Rao, General Secretary, CREDAI Hyderabad, added, “In the year 2017 we have witnessed significant policy initiatives like the implementation of GST & RERA. Over the past few months we have adopted our business plans in line with these great reforms, driving the country towards a more conducive and transparent business environment. Hyderabad is getting a global prominence as a site for largest business establishments for MNC’s and a vibrant and rapidly growing local entrepreneurship ecosystem driving the growth and job creation in the city. We are hopeful that the city is likely to witness a significant demand for housing in the coming few years. Against this backdrop, we are planning the 6th Edition of the most credible – CREDAI Hyderabad Property Show between 02nd to 04th March, 2018, which will be a golden opportunity for the customers to make the most of the present low property prices at Hyderabad. “
Mr. Rao further added, “In the last 2 months the raw material suppliers have formed a cartel to rapidly increase the prices of critical raw materials like Steel, Cement etc. We urge the government to intervene and stop the cartelization of Raw material suppliers otherwise the prices of real estate will increase by almost 10% on a conservative estimate. Although the Government of Telangana has been proactive in removing bottlenecks and encourage businesses, still we are facing challenge of delayed approval process particularly for the projects regarding malls & multiplexes it takes close to 2 years to get all the approvals, making these projects unviable. We urge the government to introduce a TS iPass like single window clearance system for the real estate sector to further accelerate the development and job creation in the Real Estate Sector.”
Adding to this Mr. K. Rajeshwar, Treasurer, CREDAI Hyderabad & Convener CREDAI Hyderabad Property Show 2018 said, “The CREDAI Hyderabad Property Show, which is the most credible property show will be held on 2nd to 4th March 2018 at Hitex. This year it will be the biggest ever real estate show with more than 170 stalls with a participation of more than 120 developers, Financial Institutions and Suppliers showcasing the best real estate in the city. Hyderabad is traditionally an end user driven market and is witnessing a steady growth both in terms absorption and value. We are expecting over 50 thousand visitors at the property show this year. We hope the visitors find their dream home at the 6th edition of CREDAI Hyderabad Property Show 2018.”