Hyderabad: The Confederation of Real Estate Developers’ Associations of India (Credai) is going to organise its seventh edition of the Hyderabad Property show 2019 at Hitex, Hyderabad.
The three-day 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.
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. This year the property show will also feature the first ever B2B lounge for vendors so that they can interact with leading developers in the city.
The show is expected to have a turnout of over 1 lakh visitors this year. The event will present integrated townships, apartment complexes, gated communities, villas, green buildings with a special impetus on retail and commercial complexes. The show will see participation from over 100 developers and different stakeholders from the financial and manufacturing sectors.
S Ram Reddy, president, Credai Hyderabad, said, “The Credai Hyderabad Property Show aims to help the buyers identify the best projects in the city under one roof. With our Chief Minister getting a fresh term in the State of Telangana, we can expect the continuation of the proactive policies and initiatives, driving growth and investments in the State. Hyderabad received an FDI worth $793 million. Approval of strategic Road Development Plan (SRDP) and other infrastructure projects connecting Hyderabad with its outskirts and rapidly developing Metro will serve as catalysts in development and growth. In the next term, we expect a faster pace for development and growth.”
According to CBRE reports, the commercial segment and the residential segment in the city has witnessed robust growth due to being largely end-user driven. West Hyderabad has emerged as a key residential vector due to the availability of land parcels and proximity to workspace clusters.
Hyderabad is expected to have office space absorption of approximately 7.5 million square feet this year, its highest ever in a year, due to robust demand from IT/ITeS, BFSI and startup companies driven mainly by talent pool availability, conducive business environment and relatively lower rentals.”