TSIT ■ Hyderabad
CREDAI, the Confederation of Real Estate Developers’ Associations of India, the country’s apex body of private real estate developers, successfully organized the 12th edition of Hyderabad Property Show and the 1st focusing on North Hyderabad at Auspacious Convention Centre in Kompally on the 5th and 6th of November 2022.
The CREDAI Hyderabad Property Show – NORTH was inaugurated by Shri. CH. Malla Reddy, Minister of Labour and Employment, Govt of Telangana along with Shri. KP. Vivekananda, MLA, Quthbullapur Constituency and CREDAI senior leadership team including Shri. P. Ramakrishna Rao, President, CREDAI Hyderabad, Shri. V. Rajashekar Reddy, General Secretary, CREDAI Hyderabad, Sri Ch. Ramchandra Reddy, Chairman, Sri D. Murali Krishna Reddy, President, Credai Telangana along with 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, CREDAI Hyderabad other committee members, member developers and representatives of several suppliers and financial institutions and visitors.
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 – the emerging growth corridor of the city. The first-of-its-kind property show focusing on properties in the micro market – North Hyderabad including the neighborhoods of Balanagar, Kompally, Shamirpet, Medchal, Alwal, Patancheru, etc., showcasing the best apartment buildings, villas, plots, and commercial spaces, under one roof at the property show.
Speaking on the occasion Mr. P Ramakrishna Rao, President, CREDAI Hyderabad said, “Hyderabad’s real estate market has been growing quickly due to the robust infrastructure, climate, and availability of talented workforce, that has maintained the interest of global corporations in setting up operations in the State. Hyderabad’s housing market remains bullish and the buying sentiment is strong enough to withstand the marginal fluctuations in lending rates, making it the most promising real estate market in India.
The industry-friendly policies and streamlined approval process provided by TS-iPASS for industries and TS-bPASS for projects are acting as a catalyst for growth, generating jobs. The state’s proactive approach to governance recognized the dangers of uneven development and the strain it places on the infrastructure. To avoid this the state adopted the GRID (Growth in Dispersion) policy of building industrial corridors, spreading the growth across the ORR to limit congestion in one area of the city. Although west Hyderabad continues to be the epicenter of growth in the city, the Northern part of the city is also seeing significant traction due to the IT/IteS, logistics, warehousing cluster, manufacturing clusters, pharma, healthcare clusters, etc. The area has a constant demand for residential (apartments, villas, and plots) and commercial real estate.”
He further added, “The main advantage of north Hyderabad is that it is located on NH 44 connecting Hyderabad and Nagpur thereby offering one of the best road connectivity in the State capital. This region is connected by rail connectivity towards Mumbai, Nanded, and Shirdi. Railways also provide MMTS connectivity to Bollaram and Medchal. The Northern part of Hyderabad has multi-specialty hospitals, international schools, and entertainment zones in the form of drive-ins, restaurants, and food courts providing a great lifestyle to the residents. The rates of residential property have grown exponentially with the land rates also being high. Another big attraction for this corridor is the regional ring road (RRR) that is set to come which is also leading to an increase in the rate of land and other properties. Keeping this in mind, we predict North to be the next hub for Real Estate in the city witnessing exponential growth. To help the home-buyers we have organized the 12th edition of CREDAI Hyderabad property show in North and urge them to explore, evaluate and purchase the best properties in North Hyderabad and enjoy the benefit of competitive prices.”
Adding to this Mr. V. Rajashekar Reddy, General Secretary, CREDAI Hyderabad said, “Hyderabad Real-estate is ranked as the most vibrant and best performing in the country across residential, commercial, and retail spaces. The prices and adoption have registered a steady increase over the last few Quarters. In view of the overall development across the city, and the development of industries and demand for housing and commercial real estate, 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. 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.
This will give longevity to the growth of the city. As a result, many companies are exploring setting up units in these industrial parks. North Hyderabad is located on the National Highway with excellent connectivity by rail and road network. The proposed metro rail expansion to North Hyderabad, will further improve connectivity and propel growth. The National Highways Authority of India has also proposed to construct three elevated corridors at Suchitra/Dairy Farm junction, Cine Planet/ Jeedimetla junction, and Kompally/ Dhulapally junction, covering a total of 10 km to improve traffic flow in this belt. In view of this, we are hosting the 1st North Hyderabad-focused property show on 5th and 6th and urge the homebuyers to make the most of the present lower prices in this part of the city and come to explore the most credible properties in North Hyderabad at 12th CREDAI Property show.”
He further added, “In an effort to make the north 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. Recently foundation stone was laid for projects worth an investment of Rs.1100 Crore in Genome Valley with the potential to generate employment for over 3000 people was done. The region also has various industries like IT/ ITeS, Life Sciences, Medical Devices, Manufacturing, Warehousing etc. generating employment for people with diverse skill sets making it the next focal point for growth and opportunities. This is attracting diverse talent and giving a boost to the demand for the real estate sector. The North Corridor will also greatly benefit from Hyderabad-Nagpur Industrial Corridor (HNIC) and witness the rapid growth of infrastructure and industry. All this, just indicates that North Hyderabad will go on to become what West Hyderabad was a decade ago. The property prices in this part will witness exponential growth across categories.”
