CREDAI Hyderabad Property Show, Hitex to generate business worth more than Rs. 270 Crores

Reaffirms the confidence in ‘Brand Hyderabad’

The Confederation of Real Estate Developers’ Associations of India (CREDAI), the apex body of private Real Estate developers in India, the 1st of the series of ‘#CREDAIbility’ themed property show was a grand success. The CREDAI Hyderabad Property Show at HITEX was a resounding success, with over 30,000 members in attendance over the course of the event. The show generated significant interest and engagement, generating a range of leads, with a maximum of 750 leads, a minimum of 250 leads, and an additional 1,087 AI-generated online leads recorded.

Over the last two days, 212 sites were visited by attendees, showcasing the diverse range of properties on offer. In total, an impressive 4,12,009 sft of property space has aroused the interest of home buyers at the event highlighting the scale and variety of real estate options available to visitors.

The event garnered significant attention from the media, with a press note detailing the success of the show and the positive outcomes achieved. The total sale value of properties showcased at the CREDAI Property Show at HITEX reached an impressive 270 crore, underscoring the strong interest and investment in the real estate sector.

The closing ceremony was attended by Mr M. Dana Kishore, Principal Secretary, MA&UD & Director General (NIUM) along with the CREDAI leadership team. He highlighted that Hyderabad is one of the fastest-growing cities in India with a Growth of 8.47%. He also announced that the Hon’ble CM has sanctioned projects worth Rs. 6000 Crores for MAUD, which is significantly higher than the allocation in the state budget. He also outlined the initiatives by the state government for infrastructure development including a Comprehensive Transit Plan for the city and other initiatives to adopt technology to ensure digitization and rapid growth of the city and make it a truly global city. 

Following this, the next stop for CREDAIbility is at Shree Conventions, Kompally, from August 9th to 11th. This will showcase the most credible properties in North Hyderabad. It will converge a diverse range of real estate professionals, including developers, building material manufacturers, consultants, and financial institutions, all showcasing the latest advancements in the sector.

Mr. V. Rajashekhar Reddy, President, CREDAI Hyderabad said, “The 1st of the series of ‘#CREDAIbility’ themed property show for the home buyers in the city. We only allow the RERA registered projects from member developers which has helped gain the trust of the home buyers. The property show is an ideal place where people do not just explore the properties but also are made aware of the growth prospects and the benefits of investing in a property in Hyderabad. Hyderabad is now ranked amongst the world’s 65 wealthiest cities and is the 10th fastest-growing millionaire hotspot. This is driving the demand for the luxury housing market in the city.  Hyderabad as a market has been performing exceedingly well in terms of absorption of residential, commercial and retail properties across price brackets.”

“The Government’s vision to develop a 3 Ring structure to drive the growth of the state. The economic growth engine being the area up to ORR defined as the Core Urban Region (CUR) which accounts for 48.6% population of the state and is the core growth engine of the state. A budget allocation of Rs. 10000 Crore will help accelerate the growth of this region. The plan to develop the sub urban region in the area between the ORR and RRR will be the semi urban region with tier 2 cities and growing towns, Manufacturing Clusters and City centric Agri and value-added zones will ensure a state wise spread of growth. Also, Rural region beyond the RRR will be used for globally benchmarked development with a focus on citizen welfare and other schemes. These development plans will encourage developers to make suburbs self-sustaining with amenities like parks, community halls, and schools will alleviate pressure from local civic bodies and promote satellite townships that will act as major catalysts for the Real Estate sector. “

Mr N. Jaideep Reddy – President Elect, CREDAI Hyderabad, said “Every year, CREDAI does this event on a large scale serving as a pivotal platform for developers to showcase their projects. The city itself has undergone substantial growth over the years, a testament to the effective leadership and vision of both past and present leaders. Hyderabad is at the forefront of leading sustainable construction. CREDAI Hyderabad Property Show 2024 will showcase innovative projects and practices that epitomize our dedication to a sustainable and greener Hyderabad.”

Adding to this Mr B. Jagannath Rao – General Secretary, CREDAI Hyderabad said, “We are thrilled to present the ‘CREDAIbility’ themed Property Show across three prime locations in August just before we step into the festive season to offer the home buyers the best real estate options in the city from the most reputed developers under one roof. This property show is aptly timed and will display the housing projects ranging from affordable housing to the ultra-luxury projects in the city offering every homebuyer the most credible properties in the city under one roof. We welcome visitors to visit the property show and explore the best properties in the city. The government of Telangana has a clear vision for 2050 which will catapult the state to the next phase of growth. Core Urban Region till ORR in Hyderabad will play a significant role in driving this growth. The optimism is palpable with the tremendous response to the property show.”