Hyderabad seeing robust real estate demand: Credai Telangana
Hyderabad: Hyderabad is seeing continued momentum in the real estate space driven by the State government’s industry-friendly policies, infrastructure, quality of life and competitive prices, said the new office bearers of Confederation of Real Estate Developers Association of India (Credai) Telangana.
Ramchandra Reddy, chairman, Credai Telangana said, “The proactive policies adopted by the State government such as TS-iPASS for single-window approval for industries, T-PRIDE to encourage SC / ST entrepreneurs, T-IDEA for industrial and entrepreneurship development are facilitating the overall growth. The policy to extend the industrial corridors to the districts has further dispersed the growth and enhanced the development of districts in the State. Credai initiated the process of district-level property shows, which we hope will extend to other centres, further benefiting the State.”
Outlining the agenda for the next two years, D Murali Krishna Reddy, president, Credai Telangana said, “Credai Telangana will be facilitating the growth by streamlining of the real estate sector in the districts and ensure developers abide by the processes introduced by RERA, and other policies introduced by the State government. We will also organise workshops to help member developers across the State to understand and benefit from the new tools being introduced, for the betterment of the industry.”
E Premsagar Reddy, president-elect, Credai Telangana said, “Besides a comprehensive industrial policy aimed at dispersed development across the State, during 2018-19, Telangana State Innovation Cell launched ‘Startup India Telangana Yatra’ with an attempt to promote entrepreneurship in tier II and tier III cities. All these initiatives have been instrumental in driving industrial growth, in Tier II, Tier III cities, boosting the demand for the real estate sector in the State. The property prices in Hyderabad and other districts such as Warangal, Nizamabad and Karimnagar are lower when compared to the cities with comparable infrastructure in other States, thus making it affordable for the families to buy property here.”
Sharing his perspective, K Indrasena Reddy, secretary, Credai Telangana said, “Telangana State is now attracting investments through various industries in the designated corridors across the State. The government has started work on the ‘One District, One Product’ scheme, which aims to identify and promote products that have high market potential for both export promotion and import substitution, ensuring the development of industrial zones and benefiting the districts. This has resulted in the demand for real estate across the State.”
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