HYDRAA Defends Against Blame for Hyderabad's Real Estate Slowdown
HYDRAA chief Ranganath, while launching an online property portal, asserts that the association cannot be held responsible for the slowdown in Hyderabad's real estate market.
Real EstateHydraaRanganathProperty PortalMarket SlowdownReal EstateApr 10, 2025
Ranganath highlighted that the real estate market in Hyderabad, like many other cities, is influenced by a multitude of factors, including economic trends, regulatory changes, and buyer sentiment. He pointed out that HYDRAA has been proactive in addressing these challenges and has implemented several initiatives to boost the market. The launch of the online portal is one such effort aimed at providing a more user-friendly and efficient platform for both buyers and sellers.
The new online property portal, developed in collaboration with leading technology partners, offers a seamless experience for users. It includes features such as virtual property tours, detailed property listings, and integrated payment solutions. Ranganath explained that the portal is designed to enhance the overall buying and selling process, making it more accessible and transparent. This, he believes, will help rebuild confidence in the real estate market and attract more investors and homebuyers.
Despite the challenges, Ranganath remains optimistic about the future of Hyderabad's real estate sector. He cited recent government initiatives, such as the introduction of the RERA (Real Estate Regulatory Authority) and the abolishment of the stamp duty for certain categories of buyers, as positive steps towards market stability. These measures, combined with the efforts of HYDRAA, are expected to rejuvenate the market and drive growth.
However, Ranganath acknowledged that the road to recovery will not be easy. The real estate sector in Hyderabad, like many other cities, has been affected by the global economic slowdown and the ongoing pandemic. He emphasized the need for continued collaboration between the government, the industry, and other stakeholders to address the challenges and capitalize on emerging opportunities.
The HYDRAA chief also addressed concerns about the quality and reliability of properties in the market. He assured that HYDRAA is committed to maintaining high standards and ensuring that all properties listed on the online portal meet stringent quality and regulatory requirements. This commitment to quality and transparency is expected to enhance consumer trust and confidence in the real estate market.
In conclusion, Ranganath's defense of HYDRAA's role in the real estate market and the launch of the online property portal mark a significant step towards revitalizing the sector. While the road ahead is challenging, the proactive measures and collaborative efforts are expected to pave the way for a more robust and sustainable real estate market in Hyderabad.
HYDRAA, established in 1993, is a leading organization representing real estate developers in Hyderabad. The association plays a crucial role in advocating for the interests of its members and promoting the growth of the real estate sector in the region. HYDRAA's initiatives, such as the online property portal, reflect its commitment to innovation and excellence in the industry.
Frequently Asked Questions
What is HYDRAA's stance on the real estate slowdown in Hyderabad?
HYDRAA, led by Ranganath, maintains that the association cannot be held responsible for the slowdown. They attribute it to broader economic and regulatory factors, and are taking proactive steps to address the challenges.
What is the new online property portal about?
The online property portal, launched by HYDRAA, is designed to streamline property transactions and enhance transparency. It offers features like virtual tours, detailed listings, and integrated payment solutions.
How does HYDRAA plan to rebuild confidence in the real estate market?
HYDRAA plans to rebuild confidence through initiatives like the online portal, maintaining high quality standards, and advocating for government policies that support market stability and growth.
What government initiatives are supporting the real estate market in Hyderabad?
The introduction of RERA and the abolishment of the stamp duty for certain categories of buyers are some government initiatives aimed at stabilizing and boosting the real estate market in Hyderabad.
What challenges does the real estate sector in Hyderabad face?
The real estate sector in Hyderabad is facing challenges such as the global economic slowdown, the ongoing pandemic, and regulatory changes. HYDRAA and other stakeholders are working to address these issues.
Related News Articles
Southern India's Real Estate Sector Set to Soar with SOUTHCON 2024
The Confederation of Real Estate Developers' Associations of India (CREDAI) hosts SOUTHCON 2024 in Vijayawada, promoting collaboration, innovation, and sustainable development in southern India's real estate sector.
Urbanization vs Nature: Can We Achieve a Balance?
As urbanization takes over, nature is being pushed to the sidelines. But can we find a way to balance development with greenery? Pune's development trajectory offers some insights.
Office Space Leasing Poised to Hit 85 Million Sq Ft in 2024: Cushman & Wakefield
Cushman & Wakefield's latest report predicts a 14% rise in gross office space leasing, setting a new record of 85 million square feet in 2024. The Global Capability Centers (GCCs) are expected to play a significant role, contributing nearly 30% to this gr
Housing Sector: Diversify Your Portfolio with a Basket of Stocks
Diversifying your investment in the housing sector can help you mitigate risks and potentially maximize returns. Learn how to select and manage a portfolio of housing stocks.
Mumbai Property Market Reaches New Heights in 2024, Recording Best-Ever Performance
Mumbai's property market has achieved its best annual performance in 2024, with over 1.41 lakh registrations and a 12% increase in stamp duty collection. The trend is expected to continue in 2025, driven by robust demand for higher-value properties and im
Pune's Real Estate Trends in 2025: Embracing Sustainability and Smart Living
A significant trend shaping Pune's real estate in 2025 is the emphasis on sustainability and smart living. Currently, 85% of new luxury projects are incorporating eco-friendly and technologically advanced features to meet the growing demand for environmen