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Business Economy


11th edition of Hyderabad Property Show 2022 from Feb 11 : CREDAI

Hyderabad, Dec 30 (UNI) Confederation of Real Estate Developers’ Associations of India (CREDAI), the country’s apex body of private real estate developers, on Thursday announced that the three-day 11th edition of Hyderabad Property show 2022 will be held at Hitex from February 11 next year.
The property show is planned by taking all the COVID protocols and the same has been incorporated in the stall designs and exhibition layouts,d CREDAI President P Ramakrishna and General Secretary V.Rajashekar Reddy said at a press conference here.
The most credible property show will bring together all the member developers, material vendors, building material manufacturers, consultants, and financial institutions from across the city to exhibit the advances in the Real Estate Sector under a single umbrella, they said.
The exhibition will showcase properties suiting every requirement and budget by the developers, providing consumers a chance to get the best options for home solutions in the twin cities, they said this year, the property show has bigger stall sizes, more open spaces, bigger corridors, a big Lounge for meetings because of the COVID protocols.
The event will present only TS-RERA approved integrated townships, apartment complexes, gated communities, villas, green buildings with a special impetus on retail and commercial complexes, they added.
Mr Ramakrishna said Hyderabad has emerged as a major centre for the IT/ ITeS sector due to the presence of a rich talent pool, a rapidly evolving culture that welcomes people to make the city their home. Besides, the stable government and proactive governance brought innovative policies like TS-iPASS and forward-looking Industrial Policy that encouraged several marquee international companies to set and grow the industrial base in the city, he said.
The average age of people investing in Real Estate currently is 35 years, significantly lower than the trend in the past few decades where the demographic of the buyers was over 50 years of age, the CREDAI President said.
Even the demand for the size of the apartments is gradually increasing as Pandemic has forced a hybrid work culture. This is largely facilitated by the record low rates of interest on home loans and improved affordability due to stable real estate prices, he added.
Mr Reddy said, in the near future, the Hyderabad city will be home to three data centres with an approximately investment of Rs. 20,761 Crore by various companies for their new Global Digital Hub generating over 1000 jobs, besides Cybersecurity focused organization Cotelligent-a TechDemocracy company setting up a Cyber Warrior centre of excellence to train over 1000 cyber warriors from here and many more generating employments leading to the spurt in demand for Housing.
He said the government has plans to set up a 340 Km Long access-controlled expressway besides the expansion of the metro rail network, build more airports to further improve connectivity, and spread the growth across the state, creating opportunities for the Real Estate sector.
The city has seen the highest number of launches for residential and commercial real estate, backed by rapid absorption in the last quarter and these developments will further accelerate the growth, he added.
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