The Confederation of Real Estate Developers’ Associations of India (CREDAI) is organizing the 1st of the series of ‘#CREDAIbility’ themed property shows at Hitex from 2nd to 4th August 2024. The event will exclusively showcase RERA-registered projects from CREDAI member developers, ensuring transparency and trustworthiness for buyers. It was inaugurated by C Sekhar Reddy, Vice Chairman, IGBC National, G Ram Reddy, Secretary, CREDAI National, Ch Ramachandra Reddy, EC Member, CREDAI National in the presence of V. Rajashekhar Reddy, President, N. Jaideep Reddy, President-elect, B. Jagannath Rao, Secretary CREDAI Hyderabad along with other CREDAI leaders, members, representatives from financial institutions, IPC’s and other vendors. Yesterday evening A. Revanth Reddy, Hon’ble Chief Minister, Government of Telangana and D. Sridhar Babu, Hon’ble Minister for Industries and IT, Ponguleti Srinivas Reddy, Hon’ble Minister for Revenue, Housing, Information & Public Relations, Government of Telangana, Dana Kishore, Principal Secretary, MAUD along with Smt Amrapali Kata GHMC Commissioner of Telangana and Shri Sarfaraz Ahmed Metropolitan Commissioner HMDA and other dignitaries held a special session with the Leaders from the real estate industry where the Hon’ble CM shared his vision for Hyderabad 2050.
The CREDAI Hyderabad property show will have over 200 exhibitors displaying more than 800 projects ranging from affordable housing to ultra-luxury apartments, villas, open plots, commercial complexes etc. Some of the leading financial institutions would also participate in the property show offering the best schemes on home loans for prospective buyers. Following this, the next two property shows will take place from August 9th to 11th at Shree Conventions, Kompally, and from August 23 to 25 at Nagole Metro Station. These strategically chosen locations will host a diverse range of real estate professionals, including developers, building material manufacturers, consultants, and financial institutions, all showcasing the latest advancements in the sector.
Two reports on the trends and outlook on the real estate sector by CBRE and CRE Matrix were also unveiled at the CREDAI Hyderabad Property Show 2024.
“The CREDAI Hyderabad Property Show 2024 underscores our commitment to fostering transparency and innovation in the real estate sector,” said Shri V. Rajashekhar Reddy, President, CREDAI Hyderabad. “With our theme #CREDAIbility, we aim to provide homebuyers with a reliable and comprehensive platform to explore the best properties Hyderabad has to offer. Hyderabad Real Estate has witnessed tremendous buoyance since the formation of Telangana and ‘Brand Hyderabad’ has been established as the 4th fastest-growing City in the world (Knight & Frank-CII report 2024). This growth is continuing under the leadership of Hon’ble CM, Shri Revanth Reddy which is quite evident from the registration of over 45,000 properties from November 2023 to June 2024 and an 8% YoY price increase. We extend our heartfelt gratitude to the government for their strategic initiatives and substantial investment plans unveiled in the state budget to bolster the economic growth, boost infrastructure and initiatives to ensure the all-around development of Hyderabad. We had a session with the Hon’ble CM yesterday where he highlighted the vision for Hyderabad 2050 which was very encouraging. He has also assured of support to the real estate sector to help propel the growth and realization of his vision. The Government has identified Hyderabad and the area up to ORR as the Core Urban Region (CUR) which accounts for 48.6% population of the state and is the core growth engine of the state. A budget allocation of Rs. 10000 Crore will help accelerate the growth of this region. Also, the allocation of ₹1,525 crore for the development Regional Ring Road to spread the development in the state will play a pivotal role in the growth of the state. Significant funds have been earmarked for crucial projects such as Metro Water Works (₹3,385 crore), the extension of the Hyderabad Metro Rail Project and Old City Metro (₹500 crore each), and the enhancement of the Multi-Modal Transport System (₹50 crore). The emphasis on making suburbs self-sustaining with amenities like parks, community halls, and schools will alleviate pressure from local civic bodies and promote satellite townships will act as major catalysts for the Real Estate sector. “
According to N. Jaideep Reddy, President-elect, CREDAI Hyderabad, “As we look towards the future, sustainability remains at the forefront of our vision at CREDAI Hyderabad. Our commitment is to develop environmentally responsible and resource-efficient properties, with a particular focus on green buildings, that not only meet the needs of today but also safeguard the interests of future generations. As the best city to live in India according to the Mercer Quality of Living Survey 2023, Hyderabad stands out for its quality of life. Besides the attractiveness of the city for corporates, and world-class infrastructure, the city also boasts excellent healthcare facilities with top-notch medical services. It is rated as one of the safest cities in India and the most liveable city for expats, it offers a welcoming environment for international communities. The CREDAI Hyderabad Property Show 2024 will showcase innovative projects and practices that epitomize our dedication to a sustainable and greener Hyderabad.”
“We are thrilled to present the ‘CREDAIbility’ themed Property Show across three prime locations in August just before we step into the festive season to offer the home buyers the best real estate options in the city from the most reputed developers under one roof,” said B. Jagannath Rao, Secretary, CREDAI Hyderabad. “. “Hyderabad achieved 6 million sq. ft of leased office space with a projection of 5 million sq. ft more. The IT sector has officially absorbed 71% of this space, with rent as low as Rs. 64 per sq. ft. In 2023, Hyderabad saw the highest space leased in a year at 9.9 million sq. ft, and in Q1 of 2024, gross absorption reached 3.5 million sq. ft. This interest from corporates is triggering a major influx of talent and spiralling the demand for residential and retail real estate in the city. With the Government’s focus on skilling, the movement of people will increase in the core urban region, increasing the demand for housing. Hyderabad has witnessed the launch of 11,480 new units and registered a sale of 18,253 units valued at Rs.29,473 Crore with a total area of 37.01 Mn sq. ft in Q1 2024. Hyderabad is among the top 3 markets for Luxury homes in India. These movements in residential and commercial real estate backed by focused initiatives from the state government in promoting ‘Brand Hyderabad’ will play a very important role in driving the real estate sector in the city. This property show is aptly timed and will display the housing projects ranging from affordable housing to the ultra-luxury projects in the city offering every homebuyer the most credible properties in the city under one roof. We welcome visitors to visit the property show and explore the best properties in the city. We will be revealing a credible report about the real estate sector in Hyderabad at the property show, helping home buyers get deeper insights into the real estate sector – to help them understand the future of real estate in the city,”
The CREDAI Hyderabad Property Show 2024 stands as Hyderabad’s foremost real estate event, inviting homebuyers and real estate enthusiasts to discover exceptional properties. This unique platform underscores the quality and innovation that define CREDAI Hyderabad as a pioneering force in the real estate industry.
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