Hyderabad to Host CREDAI's Annual Property Shows from August 2
The Confederation of Real Estate Developers' Associations of India (CREDAI) is set to host three property shows in Hyderabad from August 2, featuring RERA-approved properties and government policies aimed at boosting the real estate sector.
CredaiHyderabadProperty ShowsReal EstateReraReal Estate NewsJul 12, 2024
Announcing this at a press conference held in Begumpet on Friday, CREDAI-Hyderabad President V. Rajasekhar Reddy stated that Chief Minister A Revanth Reddy has been invited to inaugurate the Hitex property show, IT and Industry Minister D Sridhar Babu to inaugurate the Kompally show, and the Revenue Minister to inaugurate the Nagole Metro Station show. The events will serve as platforms to explore government policies aimed at boosting the real estate sector.
Reddy highlighted the robust real estate market in Hyderabad, noting its resilience to major disruptive events such as state and central government elections. Recent data indicates a 12.5 per cent surge in property registrations within Hyderabad metropolitan limits between December 2023 and June 2024, with 2.18 lakh registrations recorded during this period compared to 1.94 lakh the previous year.
Reddy emphasized that initiatives like the Regional Ring Road (RRR), Musi River beautification, expansion of Hyderabad Metropolitan Development Authority (HMDA) areas, and township plans will further boost the real estate business in Hyderabad. He added that Hyderabad has surpassed other metro cities in the luxury residence segment.
N Jaideep Reddy, President-elect of CREDAI-Hyderabad, remarked that Hyderabad is increasingly becoming a prime destination for investors and homebuyers due to its favourable climate and attractive investment opportunities. He encouraged homebuyers to attend the property shows to explore premium projects and gain comprehensive insights into Hyderabad's real estate landscape.
B Jagannath Rao, General Secretary of CREDAI-Hyderabad, emphasized that Hyderabad is a prime destination for real estate investment, offering a secure and exceptional living and working environment. Recognized for its top-notch infrastructure and connectivity, Hyderabad ranks highly in the Ease of Living Index by MoHUA (2021).
The CREDAI property show will feature RERA-approved properties, ensuring the highest standards in the real estate industry. The event aims to provide homebuyers with a platform to discover properties that resonate with their dreams and aspirations.
Frequently Asked Questions
When are the CREDAI property shows scheduled to take place in Hyderabad?
The CREDAI property shows are scheduled to take place in Hyderabad from August 2-4, August 9-11, and August 23-25.
Where will the property shows be held?
The property shows will be held at Hitex Exhibition Centre, Shree Conventions, Kompally, and Nagole Metro Station.
What kind of properties will be featured at the property shows?
The property shows will feature RERA-approved properties.
Who has been invited to inaugurate the property shows?
Chief Minister A Revanth Reddy, IT and Industry Minister D Sridhar Babu, and the Revenue Minister have been invited to inaugurate the property shows.
What is the current state of the real estate market in Hyderabad?
The real estate market in Hyderabad is robust, with a 12.5 per cent surge in property registrations between December 2023 and June 2024.
Related News Articles
Reforming Real Estate Conciliation Forums: A Homebuyer's Plea
A pan-India homebuyers' association seeks reconstitution of RERAs conciliation forums, citing developer bias and lack of transparency.
Understanding Property Tax: What It Is and How It's Calculated
Property tax is a yearly or semi-annual tax imposed on real estate owners by local authorities. It is a significant source of revenue for local governments, which use it to fund public services like schools, police, and fire departments.
NRIs Propelling the Surge in Bengaluru's Real Estate Market
The increasing investment by Non-Resident Indians (NRIs) in Bengaluru's real estate has significantly fueled the rise in property prices. This trend, seen across major Indian cities, highlights the growing demand for residential and commercial properties in the IT hub of India.
KKR Close to Selling Spanish Real Estate Firm Hipoges
KKR & Co Inc. is reportedly in advanced talks to sell its Spanish real estate management firm, Hipoges Iberia SL, as part of its strategic portfolio optimization.
Private Equity Investments in Indian Real Estate Sector Witness Significant Growth
Private equity investments in Indian real estate sector reached USD 1.7 billion in H1 2024, recording a 42% increase YOY, with commercial office assets and residential sector leading the way.
CitiCorp's Game-Changing Office Space Lease in Pune: A Major Real Estate Move
CitiCorp Services India Pvt Ltd has secured a significant 7.71 lakh square feet of office space in Pune's Panchshil Business Hub, signaling a major expansion in the real estate sector.