Confederation of Real Estate Developers Associations of India (CREDAI), the country’s apex body of private real estate developers, has announced the Sixth edition of the Hyderabad Property Show 2018 at Hitex Exhibition Centre, at Madhapur, from March 2 to 4.
Over 120 developers from across the twin cities are expected to participate in the show with 110 stalls and it is expected to bring together realters, building material manufacturers, consultants and top financial institutions including all the big public and private sector banks like State Bank of India (SBI), HDFC and many others.
At a press conference on Thursday, S. Ram Reddy, president, P. Ramakrishna Rao, general secretary, vice-presidents Aditya Gowra, and G. Anand Reddy of CREDAI Hyderabad, said the event would help showcase 15,000 projects like integrated townships, apartment complexes, gated communities, green buildings along with commercial complexes, suiting the varying needs and budgets of the customers.
“We are looking forward to a great year ahead for the real estate sector as Hyderabad has seen rapid urbanisation offering best quality of living among cities in India. It is preferred destination for most IT & ITES organizations, gaming and animation industry besides the healthcare sector and it has been playing host to several big events in the recent times,” said Mr. Ram Reddy.
Prices are low when compared to other cities and due to stable political environment, facilitative business environment, improving infrastructure, low rentals and so on, he observed. The industry has taken demonetisation, GST and RERA in its stride and hence it was hopeful of rise in demand for housing in the coming years, said Mr. Rama Krishna Rao.
The CREDAI representatives appealed to the Government to exercise “control” over the high prises of cement, steel and sand.
“In the last few months the raw material suppliers have formed a cartel to rapidly increase the prices with steel prices alone shooting up to ₹50,000 per tonne and even cement too while there is a sand shortage. Housing prices too will escalate unless the Government intervenes as the industry cannot absorb the rise in prices,” he added. Reducing the GST to 8% for all kinds of housing from the current 12% was another request.
