Credai Announces the Property Show for North Hyderabad
Hyderabad: 14th October 2022: CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, announced the 12th CREDAI Hyderabad Property Show for North Hyderabad at Auspicious Convention Centre in Kompally on the 5th and 6th of November 2022. This will be the 1st edition of the property show focusing on North Hyderabad. The announcement was made in the presence of the CREDAI senior leadership team comprising Shri P. Rama Krishna Rao, President, Shri. V. Rajashekar Reddy, General Secretary along with the Vice Presidents Shri G Anand Reddy, Shri K Rajeshwar, Shri N Jaideep Reddy, Shri B Jagannath Rao; Shri Aditya Gowra, Treasurer, and Joint Secretaries Shri Shivraj Thakur and Shri K. Rambabu, along with other committee members.
In view of the overall development across the city, and the development of industries and demand for housing and commercial real estate, CREDAI Hyderabad has conceptualized the Property Show focusing on the best and most credible real estate projects in the North region of Hyderabad. At the property show, the best projects featuring Apartment complexes, Villas, Plots, and Commercial Spaces in the areas of Balanagar, Kompally, Shamirpet, Medchal, Alwal, Patancheru, etc will be on display under one roof.
Mr. P Ramakrishna Rao, President, CREDAI Hyderabad, said, “The real estate industry in Hyderabad has been strong and expanding quickly. The smart and proactive governance by the State Government has played a critical role in driving the growth. Like most cities, only one part of the city – ‘The Western part of Hyderabad’ had witnessed considerable growth, investments, and development for a long time. The proactive governance in the state realized the perils of lopsided development and the pressure it puts on the infrastructure. The government adopted the GRID (Growth in Dispersion) policy to ensure growth all across the city. This would prevent lopsided growth and over-congestion in one part of the city and no development in the others putting unnecessary pressure on the infrastructure. The government has built industrial corridors with incentives as per the GRID policy spreading the growth all across the ORR and supporting it with prompt development of radial roads under SRDP to improve connectivity. As a result, many companies are exploring setting up units in these industrial parks. The prompt approval mechanisms under TS-iPASS for industries and TS-bypass for projects are acting as a catalyst in driving growth, creating employment, and helping boost the demand for real estate across the city.”
He further added, “The north part of Hyderabad was always known for warehouses of e-commerce giants like Amazon and Flipkart, also houses ‘Genome Valley’ – a destination for R&D focused on life sciences, Medical Devices Park. We have decided to bring the focus on this rising hub for growth in the city, we are planning the 1st edition of Property Show focusing on North Hyderabad on the 5th and 6th of November 2022. We look forward to a great response to this initiative.”
Adding to this Mr. V. Rajashekar Reddy, General Secretary, CREDAI Hyderabad said, “The growth of the real estate sector in a city is dependent on the policies by the Government encouraging industrial and infrastructure development. The proactive and visionary leadership provided by Hon’ble Chief Minister Shri K Chandrashekar Rao not only facilitates sustainable growth but also strives to remove bottlenecks in the future. The GRID policy is one such initiative, which is preventing congestion in the west corridor. The government is encouraging the setting up of industrial corridors across the city, particularly in the East and North corridor. They are also creating zones for various industries like IT/ ITeS, Life Sciences, Medical Devices, Manufacturing, Warehousing, etc. generating employment for people with diverse skill sets and making the city a hub for growth and opportunities. This is attracting diverse talent to the city and boosting the demand for the real estate sector in Hyderabad. Hyderabad is a preferred global destination for business, particularly for the largest business establishments for MNCs, and a rapidly growing local entrepreneurship ecosystem driving the growth and job creation in the city. The policies like TS-iPASS and TS-bypass are facilitating industrial growth and ease of doing business in the city.”
Adding to this he also stated, “The North corridor of Hyderabad has greatly benefitted from the GRID Policy. In an effort to make this corridor at par with the west, the Government has decided to set up the tallest IT Tower at Kandlakoya with a capacity to host 100 companies in 1st phase and employ over 50,000 people. This part of the city is the home to Genome Valley – the bio-medical R&D cluster with world-class infrastructure facilities lies in the North Corridor. It houses over 200 companies with a scientific workforce of over 15,000 employees including some marquee global companies like Novartis, GlaxoSmithKline, Ferrings, etc. The North Corridor will greatly benefit from Hyderabad-Nagpur Industrial Corridor (HNIC) and witness the rapid growth of infrastructure and industry. This will also spur major growth in job creation leading to the increased demand for housing in this corridor. Due to this, we are planning this property show in North Hyderabad. The price increase is on the anvil, so prospective homebuyers should take advantage of today’s low real estate prices, particularly in the North corridor and choose the property at the most credible 1st CREDAI Property Show for North Hyderabad and the 12th in the series of CREDAI Hyderabad Property Shows on 5th & 6th November 2022.”