CREDAI PROPERTY SHOW - Closing ceremony

About 70,000 visited the CREDAI Property Show at HITEX

Hyderabad 15th August 2016: The Confederation of Real Estate Developers’ Associations of India’s (CREDAI) mega Property Show concluded today at the HITEX, Madhapur. The three days event had the city of Hyderabad reeling with more than 70, 000 visitors responding enthusiastically over the weekend, making a beeline for the CREDAI Hyderabad Property Show 2016.

CREDAI PROPERTY SHOW - Closing ceremony

CREDAI PROPERTY SHOW - Closing ceremony

The CREDAI Property Show 2016 achieved a land mark and a host of VIPs and dignitaries visited the event during the three days from August 13 to 15, 2016.

At the valedictory function, the Chief Guest was Sri Bonthu Ram Mohan, the Mayor of Hyderabad. In his valedictory address said, “A master plan shall be put in place in three months. There is no good development in the other parts of of the city, like Uppal, Alwal etc. there has been imbalanced developments in the city. Government is focusing on balanced development on all sides of the city.” He mentioned that there is no proper drainage and sewage system in the city and it requires Rs 250-300 crores to improve the sewage system. There should be all-round development in the city. Government is planning to clean up the Musi River and develop areas around the river. Government is also working towards improving road infrastructure and use new technologies for more sustainability of roads.

Sri N. V. S. Reddy, IRS, Managing Director, Hyderabad Metro Rail and Sri Purushotham, Executive Director, TSRTC have spoken about the traffic problems and how to relieve the traffic congestion. 

The high point of the Property Show was the inauguration of the event by Sri K. T. Rama Rao, Hon’ble Minister for IT, Industry, MAUD and NRI Affairs. He appreciated CREDAI Hyderabad for its CSR activities in the form of adopting 12 lakes and contributing Rs. 85 lakhs and taking up one lakh plants at HCU under the Telangana Ku Haritha Haram program. While speaking about the development of the city, the Minister stressed the need for diversified growth and development of the city all around the city. The region around ORR needs to be developed as an independent self-sustained township on the lines of live, learn, work and play. He expected that there is a plan to develop 13 transit oriented growth corridors along the ORR. He highlighted the requirement for a uniform and structured growth. The Government of Telangana is working towards creating the master plan for Hyderabad and it should be ready within the next 3 months.  Hyderabad requires housing for the underprivileged. And he asked CREDAI members to take the responsibility and support the government in providing housing in the towns and cities. 

Welcoming the guests Mr. S. Ram Reddy President,  CREDAI Hyderabad affirmed, “This is the best CREDAI property show. Our beloved KTR Garu has instilled a lot of confidence in “Brand Hyderabad” which has encouraged more and more people to visit the property show this year. With this show we were able to create a synergized approach for building a better & congenial environment to promote the growth of real estate sector and we can look forward to a bright future for the real estate sector in the state of Telangana. We are extremely happy with the response to this property show and the kind of inquiries received. We expect  the prices may increase over the next few months and recommend buyers to make a decision to buy now as in next few months tax structure would change and may cause a price increase in the Real Estate sector as whole.  We would also like to thank all CREDAI members in putting up this successful show. ”

Adding to this Mr. G Ram Reddy, President CREDAI Telangnana said that, “We have received a tremendous response during this property show. We got a positive feedback from the consumers and also the developers who attended the show. People turned out in large number shedding the doubts about the future of real estate sector in the Telangana State and enquired for their dream home from more than 15000+ properties on display by 115 plus developers. The Property Show provided an opportunity to the developers from all over the state including of consultants, vendors, financial institutions to come at a common platform and explore business opportunity. After the measures announced by KTR Garu and the positive outlook by the Government of Telanagana the real estate sector in the state is bound to rise.”

Mr. P Ramakrishna Rao , General Secretary CREDAI, Hyderabad said, “This property show marks a new landmark for the real estate sector in the state of Telangana as it started  on the right note. A few months ago the government had issued GOs and simplified the Building Rules and removed certain bottlenecks in them and infused accountability and transparency in the Approval Processes and introduced Online, Single window Approval Mechanism, eliminating the human contact between the regulator and the developer.   The other announcement by the Hon’ble minister for MAUD Shree KT Rama Rao garu to integrate the 3-4 existing masterplans for Hyderabad into a single master plan within next 3 months will further ease the pain points and streamline the process of approvals further. “

According to Mr. Ramachandra Reddy, General Secretary, CREDAI Telangana, “The pro industry policies of our Chief Minister Shri. K. Chandrasekhar Rao has set the tone for the Property Show. The chief minister has ensured ease in doing business in Telangana and the other initiatives to develop the infrastructure. We can safely say that The State of Telangana has set an example before the whole country, on how progressive and pro-industry government can ignite the enthusiasm of the masses and trigger an era of  business reforms . We are overwhelmed with the fantastic response to the Property show over the last three days . “

Speaking about the Property Show Mr. Kacham Rajeshwar, Coordinator– CREDAI Property Show 2016, “Hyderabad has the best cosmopolitan yet warm and welcoming culture, moderate climate and lies in a non sesmic zone making it an ideal destination to settle down. Hyderabad has seen an increase in leasing of properties by the corporates over the last few Qtrs. The enthusiasm from the developers was evident from the quick booking of the stalls at the property show and we are extremely delighted with the response to the CREDAI property show 2016.”