CREDAI Warangal’s First Property Show inaugurated

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Warangal, 19th October, 2019:  CREDAI, the Confederation of Real Estate Developers’ Associations of India, country’s apex of private real estate developers, has organised Warangal’s First-ever Property show 2019, an iconic event for the rising city, on 19th October 2019 at Nandana Gardens, Nakkalagutta, Warangal. The event is inaugurated by Mr. Dasyam Vinay Bhaskar, Chief Whip TS Legislative Assembly, in the presence of huge cluster of bureaucrats Mr. Aroori Ramesh, Member of TS legislative Assembly, Mr. Challa Dharma Reddy, Member of TS legislative Assembly, Mr. V Satish, Member of TS legislative Assembly, Mr. Marri Yadava Reddy, Chairman KUDA, Mr. Erabelli Pradeep Rao, Chairman NECC, Mr. Boinapally Ranjith Rao, Corporate Division 48 GWMC, CREDAI Telangana senior leadership team comprising of Mr. G. Ram Reddy, Chairman CREDAI Telangana, Mr. CH. Ramchandra Reddy, President CREDAI Telangana, Mr. E. Premsagar Reddy, Secretary, CREDAI Telangana Mr. C. Jagan Mohan, Vice President, CREDAI Telangana, Shri Sharath Babu, President, CREDAI Warangal, Mr. K Srinivas Reddy, Vice President, CREDAI Warangal, Mr. N Amarender Reddy, Vice President CREDAI Warangal, Mr. CH Satyanarayana Reddy, Secretary, CREDAI Warangal, Mr. T Satyanarayana, Joint Secreatry, CREDAI, Warangal, Mr. L Surender, Joint Secretary, CREDAI Warangal, Mr. J Manohar, Treasurer, CREDAI, Warangal, Mr. Muralikrishna Reddy, President Elect, CREDAI Telangana office bearers and a large number of developers, stakeholders and industry members graced the occasion.

The residential real estate sector of Warangal has been the best performing sector across the major cities backed by increased demand and supply. With RERA in place along with political stability, there is a positive sentiment encouraging both developers and buyers. Against this backdrop, CREDAI is hosting the most credible 2-day property show from 19th & 20th October, 2019 at Nandana Gardens, Nakkalagutta, Warangal. The property show has more than 100 developers showcasing 5,000+ properties at incredibly reasonable prices. The event is showcasing the best apartment complexes, gated communities, villas, and green buildings suiting every requirement and budget. Besides, financial institutions have offered attractive home finance schemes and supplies to real estate projects.

The two-day event is likely to be visited by over 20 thousand visitors. The CREDAI Warangal Property show will also host several interesting discussions involving political leaders, bureaucrats, Real Estate developers, etc., on the issues, challenges and an outlook for the Real Estate sector in Telangana.

Speaking at the inaugural event for the CREDAI property show, Mr. G. Ram Reddy, Chairman CREDAI Telangana said, “It is heartening to see that CREDAI chapters across the state are taking initiatives to organize Property Shows to promote the local real estate. The 1st CREDAI Warangal Property Show is a great initiative to showcase the growth of the upcoming smart city, its business and industrial development leading to the demand and supply of world class real estate projects. This property show gives an opportunity for the local population to identify the best projects from CREDAI members, who uphold the best practices and the strict builders code of conduct to showcase the best real estate projects in the city under one roof. We wish the CREDAI Telangana property show a grand success.”

Adding to this, Mr. CH. Ramchandra Reddy, President CREDAI Telangana said, “The CREDAI Warangal Property Show is the First-ever largest and the most authentic property show in the city. This helps prospective buyers in exploring all the good projects by prominent developers in the city under one roof.  With our Hon’ble Chief minister getting a fresh term in the state of Telangana, we can expect the continuation of the focus on improving infrastructure, lowering policy hurdles to streamline project approval processes, improving ease of doing business. Improvement in infrastructure has played a significant role in rejuvenating the Warangal real estate market.”

Mr. Dasyam Vinay Bhaskar, Chief Whip TS Legislative Assembly says, “We are delighted to receive an approval from the government of Telangana to develop Warangal as a smart city of this state. Mr. KTR has shown immense interest in pursuing a long term project in Warangal”.

Adding to this Mr. E. Premsagar Reddy, Secretary, CREDAI Telangana “Warangal emerging hub of industrial development and the 2nd Smart City in the state. Telangana Government, recently allocated funds under the state budget and the centre’s Smart City scheme, to develop Warangal on par with Hyderabad. Development plans by the district administration and Greater Warangal Municipal Corporation (GWMC) backed by the capital support of Rs 5,000 crore for the next two years, Smart City plans, with an estimated fund of Rs 2,750 crore and a new Master Plan have been proposed. The government, which recently released the ‘Warangal Vision Document 2028’, is aiming to attract investments and increase economic activities, and employment, in IT, ITeS, tourism and hospitality sectors in the urban areas and textiles and food processing in rural areas, the positive impact of which will surely be felt in the real estate industry as well. This will lead to overall development of Warangal & increase in demand for real estate leading to increase in prices. The 1st edition of CREDAI Warangal Property show is appropriately timed and aims at showcasing the best world class projects by the members of CREDAI Warangal.  We strongly recommend that the people should make the most of the present price levels in the city and purchase their desired property before the price hike.”

Adding to this Mr. Sahrath Babu, President, CREDAI Warangal, added, “Over the past year, Warangal has emerged as one of the best performing residential real estate destinations in the state, complimented by strong fundamentals including government stability, infrastructure and economic drivers. For the city where the real estate sector is booming, and infrastructural developments are playing a key catalyst in the growth, there is an increase of 30 percent in the sale of residential units in the city. These are the signs of a promising future and we strongly recommend you stop hunting your dream home and buy at the CREDAI Warangal Property Show before the prices go up in the city.”

Speaking on the occasion, Mr. Muralikrishna Reddy, President Elect, CREDAI Telangana says, “Warangal is one of the most rapidly emerging smart cities and this property show will definitely open doors for people to invest and be a part of the growth”.