Hyderabad: Real estate developers’ body Credai will host the tenth edition of the Hyderabad Property Show from April 16 to 18 at the Hitex. This year, the expo will have bigger display areas in view of the Covid norms.
It will be a platform for the developers and banks to showcase their offerings. Building material manufacturers and vendors and consultants will also be part of the expo. It will showcase integrated townships, apartment complexes, gated communities, villas and green buildings, said P Ramakrishna Rao, President, Hyderabad Credai.
He said the Hyderabad continues to attract investments as the Government is working to improve the ease of doing business. All industries are showing signs of recovery, he said.
Hyderabad, owing to the infrastructure and the pro-active government, has been at the for front of the recovery. Attracting investments, recording consistent growth in office space absorption and launch of new residential and commercial projects.
V Rajashekar Reddy, General Secretary, Credai Hyderabad, said the city’s real estate industry has witnessed investments of about $1 billion (Rs 7,300 crore) during 2019-20. Hyderabad accounted for 20 per cent of the leasing activity in India in 2020, with large global giants picking up space during the year. They include 1.18 million sqft by Wells Fargo, 0.3 million sqft by Google, 0.25 million sqft by IBM, 0.24 million sqft by Smartworks and 0.19 million sqft by Wipro, among others.
He said the demand for flexible office space has riser after due to lock-downs. Many companies are weighing a hybrid working model that combine work form office and home to maintain social distancing norms, he said.
Hyderabad is second after Bengaluru in terms of the size and potential for co-working spaces. This is likely to bring in more jobs to the city and therefore facilitate a constant growth in the real estate, he said.
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