CREDAI
Hyderabad organizes Property Show at Hitex, Madhapur, from 29th to 31st
August 2014 to showcase the best properties in the city.
Hyderabad 21st August 2014 - CREDAI, the Confederation
of Real Estate Developers’ Associations of India, country’s apex body of
private real estate developers, foresees a highly positive outlook for real estate
in Hyderabad. The sector is poised for a meteoric growth. The government under
the leadership of K Chandrasekhar Rao, is actively promoting “Brand Hyderabad” so
as to transform it into a
“Global Smart City”.
CREDAI Hyderabad announced the opening
of the CREDAI Hyderabad Property Show 2014, its third edition, on 29th August 2014 at Hitex, Madhapur. The Property Show will be held from
29th to 31st August 2014, where 150 leading developers,
financial institutions and other stake holders will showcase their wide range
of housing projects and services to the prospective home buyers. This is coming
up against the background of high priority the central and state governments
given to the real estate sector.
Speaking on the occasion Mr. C Shekar Reddy, National President,
CREDAI said, “The new government at the Centre has given a very high priority
to the real estate sector by announcing that its mission is to provide pucca
housing for all by 2022. The Central Budget, 2014, proposed the development of
100 smart cities. The FDI norms have
been liberalized to meet the growing housing needs in the country. With a
development focus in the union budget and steps like relaxation in norms of CRR
& SLR by RBI, the housing sector will grow. Bringing affordable housing
project finance and home loans upto 50 lakhs in 6 metros including Hyderabad, under
priority sector lending (PSL) will give a major boost to the small and medium
developers which cater to the affordable housing segment. The guidelines for
REITs, the Real Estate Investment Trusts, have been announced by the SEBI. All these will boost the demand for housing
and prices will increase. Presently the real estate prices in Hyderabad are the
lowest, and the CREDAI Hyderabad Property Show is just in time, much before the
prices would start going up as a result of higher priority given to the Sector
by the government, RBI and SEBI. Even the Telangana government has promised to
provide a two-bedroom house to the homeless. It is promoting Hyderabad as an
attractive investment destination for housing, industry, IT and other services.
It is the best time to purchase a property in Hyderabad as we expect prices to
go up steeply in next few months. “
Speaking about the CREDAI
Hyderabad Property Show, Mr. N Jaiveer
Reddy, President, CREDAI Hyderabad, said, “Hyderabad offers the best
infrastructure facilities and connectivity across the city. The city is a
preferred destination for most of the IT & ITES organizations, Gaming and Animation
industry besides the health care sector. The property prices are the lowest
when compared to cities with comparable development and infrastructure. The
CREDAI Hyderabad Property Show is being organized just before the upcoming
festival season to bring all the best projects in the city under one roof so
that the consumer can choose the best property. This is right time to purchase
property as the Telangana government is leaving no stone unturned to enhance
the Brand Hyderabad and attract investments to the city. ”
Mr
S. Ram Reddy General Secretary, CREDAI
Hyderabad, added, “Hyderabad has a population of about 8
million and with ITIR coming up in 50,000 acre, which is likely to employ
almost 15 lakh people directly and about 53 lakh people indirectly in the next
2 decades. The population will go up by 100%. That means the Hyderabad will double
in size, pushing up the demand for housing enormously. The government is
planning to add four bus and rail terminals at 4 corners of Hyderabad, and is
planning to increase the metro rail network in the city to 200 km. Hyderabad is
going to be an incubation hub for entrepreneurship, and will have a Pharma
City, Sports City, Cinema City, Manufacturing city, Education city and a Health
City. All will this spur rapid growth in employment and housing. This will take
“Brand Hyderabad” to a new orbit. It
is a golden opportunity for the consumers to make the most of the present rock
bottom prices at Hyderabad and hence advisable to buy a property this festive
season.”
Adding to this Mr. G Ram Reddy, Joint Secretary CREDAI,
Hyderabad said, “The Hon’ble chief minister during his independence day
speech has outlined the plan to allocate Rs.340 Cr. to strengthen the police
force, to make the city safe. He has outlined a plan to make Hyderabad a ‘wifi
city’. These initiatives will go a long way in making Hyderabad a truly global
city and spur a rapid growth in industrialization and demand for housing. We
can expect “Acche Din” for real
estate investments in Hyderabad in the next few months.”