Hyderabad 25th June 2016 – CREDAI, the Confederation of Real Estate Developers’ Associations of India, country’s apex body of private real estate developers,organized the curtain raiser for the upcoming property show in the presence of Sri M.G.Gopal, IAS Spl. Chief Secretary MA & UD Dept., along with the CREDAI leadership team and the members of CREDAI, Hyderabad. CREDAI has a highly positive outlook for real estate in the city, reinforced by the recent high profile visits by Mr. Tim Cook and other global business icons. The members are buzzing with excitement and anticipation as Global majors like Google, Amazon, IBM, Synchrony Financial etc set up or announce expansion of the existing base in the city. The government under the leadership of K Chandrasekhar Rao, is taking all possible steps to improve the ease of doing business, streamlining the approval process so as to transform the city into a “Global Business City”.
The growth in the real estate sector is directly correlated to the job creation and Hyderabad is poised for a meteoric growth in view of the increased interest of the Global players in setting up there largest offshore establishments in the city. Against the backdrop of these developments, CREDAI Hyderabad is planning the 5thedition of CREDAI Hyderabad Property Show 2016, from 13th to 15th August 2016 at Hitex, Madhapur.
Speaking at the Curtain raiser for the CREDAI property show, Mr. S. Ram 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. Recently Google’s campus was inaugurated in the city, Amazon is planning to set up the 2nd biggest global delivery centre and many other MNC’s are choosing Hyderabad to set up their largest offshore site. These developments indicate a lot of job creation and we can foresee an increased demand for Housing. The CREDAI Hyderabad Property Show is being planned 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.”
Adding to this Mr.R K Rao, General Secretary, CREDAI Hyderabad, added, “Hyderabad is getting a global prominence as a site for largest business establishments for MNC’s and a vibrant and rapidly growing local entrepreneurship ecosystem driving the growth and job creation in the city. Hyderabad already has T-Hub the incubation centre for entrepreneurship besides the Aviation Hub and plans for the development of a Pharma City, Sports City, Cinema City, Manufacturing city, Education city and a Health City. All this will spur rapid growth in employment and housing. The population for the city is likely go up by 100% in the next few years, pushing up the demand for housing enormously. The government is planning more bus and rail terminals in Hyderabad and to increase the metro rail network in the city. This will take “Brand Hyderabad” to a new orbit. Against this backdrop, we are planning the 5th Edition of CREDAI Hyderabad Property Show between 13th to 15th August 2016, which will be a golden opportunity for the customers to make the most of the present low property prices at Hyderabad. “
Adding to this Mr. G Ram Reddy, President, CREDAI, Telangana said, “The Real Estate sector in Hyderabad is driven by the end user and is witnessing steady growth both in terms absorption and value. The initiatives by the government to attract investments and improve the ease of doingbusiness in the state,will go a long way in making Hyderabad a truly global city and will further enhance the growth and industrialization in the state leading to increased demand for housing. We can expect “Acche Din” for real estate in Hyderabad in the next few months.”