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CREDAI Hyderabad Prop Show on Mar 8-10

Hyderabad, January 24, 2023: CREDAI, the Confederation of Real Estate Developers’ Associations of India, announced the 13th CREDAI Hyderabad Property Show at HITEX Exhibition Centre to be held between March 8 and 10, 2024. The announcement was made in the presence of the CREDAI senior leadership team comprising V Rajashekar Reddy – President, N Jaideep Reddy – President Elect, B Jagannath Rao – General Secretary, CREDAI Hyderabad, Kothapalli Rambabu – Convener for the property show and Vice President CREDAI Hyderabad. Also present on the occasion was B Pradeep Reddy, C G Murali Mohan, M. Srikanth -the Vice Presidents, Manoj Kumar Agarwal, the Treasurer and the Joint Secretaries Kranti Kiran Reddy and G Nitish Reddy as well as the Members of the Organizing Committee for the property show – Co-conveners M Sriram and N Vamsidhar Reddy, CREDAI Youth Wing (CYW) Coordinator M Arvind Anand Rao, Paveen, Secretary CYW and Dheeraj.

V Rajashekhar Reddy, President, CREDAI Hyderabad, said, “Hyderabad, often recognized as the most liveable city in the country, has seen a consistent increase in its real estate market. Despite rising property prices, the city continues to attract homebuyers, evident in the significant rise in property transactions reported in November 2023. There was a 25% surge in property deals during November 2023 compared to the previous year. This indicates a strong and enduring interest among individuals to own a home in Hyderabad. 6,268 property deals were closed during this period, contributing to substantial stamp duty revenue. The total value of properties reached an impressive Rs. 3.741 crores, showing a substantial 29% growth in value compared to the same period in the previous year. Notably, there’s a surprising trend of people opting for more expensive homes, reflecting a desire for a luxurious lifestyle with amenities, security, and a promising return on investment. This shift towards premium housing underscores the city’s resilience despite economic challenges. The 13th edition of CREDAI Hyderabad Property show will offer a great opportunity to the home buyers to evaluate the best projects in the city from the most reputed builders under one roof.”

N Jaideep Reddy – President Elect, CREDAI Hyderabad, said, “The booming real estate market in Hyderabad not only reflects the city’s economic stability but also showcases a real estate ecosystem built on growth, trust, and value. This attracts both investors and homeowners. The continuous increase in property transactions and stamp duty revenue demonstrates the market’s confidence and optimism. Despite challenges such as rising property prices, the Hyderabad real estate market remains robust, offering opportunities for both buyers and sellers. Hyderabad is gearing up for substantial growth in its real estate sector over the next two years, with plans to add around 35-38 million square feet of high-quality business parks. This expansion includes diverse opportunities for homebuyers, investors, and entrepreneurs, ranging from modern residential complexes to advanced commercial spaces and retail options. CREDAI Hyderabad Property show scheduled from 8th to 10th of March offers great opportunity for home buyers to evaluate the best projects in the city under one roof.

Adding to this B Jagannath Rao – General Secretary, CREDAI Hyderabad said, “The city’s strong business environment has attracted global corporations to establish outsourcing centers, back offices, R&D facilities, and regional headquarters in Hyderabad. This increased demand for office space has led to a significant rise in investment-grade office stock, surpassing 100 million square feet in 2022 and reaching 119 million square feet by the end of September 2023 – a 63% increase since 2019. Hyderabad has become one of the top three cities for office space leasing in the first nine months of 2023, with a 35% year-on-year increase, driven by key sectors such as life sciences, BFSI, and technology. The real estate market is also witnessing major launches, with expectations of over 1,30,000 residential units in the next two to three years. The growth of the technology sector and industrialization has led to residential development near key office areas like the IT Corridor and Extended IT Corridor. The demand from multinational company employees and improved infrastructure development have boosted the residential market and overall living standards. Certain micro markets like Gachibowli, Kondapur, Nallagandla, Kokapet, Puppalaguda, Narsingi, Tellapur, Kompally, and Shamirpet are experiencing significant growth. Presently Hyderabad is offering the best ROI’s in Real Estate Investments in the country. CREDAI Hyderabad Property Show 2024 is appropriately timed to help people get access to the best real estate projects in the city under one roof. It offers  ‘Sabse Behtar Ghar khareedne ka Mauka, Sabse Bade Deals paane ka Mauka, Sabse Zyaada Builders se milne ka Mauka’. So it is a shoutout to all home buyers to avail the  best ‘Mauka’ to purchase a home in the vibrant city of Hyderabad.”