'Telangana govt's infra initiatives helping realty sector in a big way'

Hyderabad, March 8: The 13th edition of CREDAI Hyderabad Property Show has kickstarted at Hitex Exhibition Centre on Friday morning. On the occasion, the CREDAI Hyderabad members lauded the Congress government's various initiatives in boosing the infrastructure in Hyderabad during the last 100 days.

V Rajashekhar Reddy, President, CREDAI Hyderabad, said: "The real estate sector in Hyderabad has been vibrant and witnessing continuous growth across residential, commercial and retail real estate. In February, the state registered a 21 per cent rise in number of properties registered and a 42 per cent increase in the value of assets registered as compared to last year. This clearly indicates the confidence in the real estate sector in the state across segments."

"We are witnessing a robust demand for premium homes, besides the homes in the price range of 25-50 lakh. The buoyancy in demand is likely to continue with a stable government under the dynamic leadership of Chief Minister A Revanth Reddy, who has a clear vision for the sustainable development of the city and the State. We can get the glimpses of his vision through The Mega Master Plan 2050 announced by the CM, that promises a transformative dispersed development of the state across urban, semi-urban, and rural sectors ensuring widespread development," he said.

Rajashekar Reddy further said, "The plan on the drawing board for a unified greater city corporation with inclusion of seven municipal corporations and 30 municipalities within HMDA, when implemented will provide a major impetus to growth and infrastructure development facilitating massive growth across the city. The proposed ‘Musi Corridor’ will also elevate the tourist appeal of the city and create avenues for employment. With his efforts, the CM has managed the defense ministry approval to build two elevated corridor projects to ease traffic congestion in Secundrabad, JBS route and encourage rapid development of this region."

"Several other initiatives are on the anvil to improve the infrastructure and quality of life of people in the city. With sustained efforts on elevating ‘Brand Hyderabad’ the city will continue to attract fresh investments, creating more jobs and helping boost the real estate in the city,” he added.

“The flourishing real estate market in Hyderabad not only reflects the city's economic stability but also signifies a robust ecosystem built on principles of growth, trust, and value. The 13th edition of CREDAI Hyderabad Property Show is appropriately timed to showcase the best RERA registered projects in the city providing an exceptional opportunity for homebuyers to explore and evaluate the best projects the city has to offer, all under one roof. We urge the people to visit the property show at Hitex from March 8th to 12th to choose the project that best fits their requirement, avail special schemes from developers and purchase the property now. The property price in the city is increasing rapidly and the trend will continue in the years to come as more investments keep flowing to the city and plan for rapid growth.”

N Jaideep Reddy, President Elect, CREDAI Hyderabad, said: “Hyderabad's real estate sector stands as a beacon of strength, providing fertile ground for both buyers and sellers to thrive. With ambitious plans to unveil 35-38 million square feet of top-tier business parks within the coming two years, the city is poised for remarkable expansion and job creation. The 13th edition of the CREDAI Hyderabad Property Show emerges as an unparalleled opportunity for homebuyers. It offers them a singular platform to delve into the finest RERA-registered projects meticulously curated by CREDAI members. This consolidated showcase promises convenience and efficiency, allowing prospective buyers to explore a diverse array of residential and commercial properties under one roof. As the city's real estate landscape continues to evolve, this event serves as a cornerstone, facilitating informed decisions and fostering trust among stakeholders. Hyderabad's growth trajectory coupled with the property show's comprehensive offerings underscores its significance as a pivotal moment for the real estate industry and discerning homebuyers alike”.

Adding to this, B Jagannath Rao, General Secretary, CREDAI Hyderabad, said: “The CREDAI Property Show will indeed open doors to more opportunities in the Hyderabad landscape. city's resilient business landscape, which continues to attract global corporations, underpinning its economic buoyancy. the proactive stance of the government, exemplified by their successful efforts in attracting substantial investment commitments, notably securing an impressive Rs. 40,000 Crore pledge for Telangana at Davos, reinforcing Hyderabad's stature on the global stage and instilling confidence in its future trajectory. CREDAI Hyderabad Property Show 2024 will also have sessions by D Sridhar Babu, Minister for IT, Electronics and Communications, Industry & Commerce and Legislative Affairs, the Government of Telangana, tomorrow evening and B Vikramarka Mallu, Minister for Finance & Planning, Energy, Government of Telangana, on concluding day. They will also highlight the efforts initiated by their ministries to boost the growth and development of the state. We feel, this property show is an ideal opportunity for the home buyers to explore city's premier real estate projects. With its compelling theme, "Sabse Behtar Ghar khareedne ka Mauka, Sabse Bade Deals paane ka Mauka, Sabse Zyaada Builders se milne ka Mauka," the event presents a comprehensive platform for discerning buyers to uncover their dream homes amidst Hyderabad's dynamic real estate market, fostering transparency and facilitating meaningful connections between buyers and reputable builders.”