Warangal: 15th October 2022: Confederation of Real Estate Developers Association of India (CREDAI) Warangal, the apex body of private real estate developers, organized the 2nd edition of CREDAI Warangal Property Show 2022 at Vishnu Priya Gardens, Hunter Road, Hanumakonda on 15th and 16th October 2022. CREDAI Warangal Property Show 2022 was inaugurated by Shri. Errabelli Dayakar Rao, Minister for Panchayat Raj and Rural Development, Telangana and Shri. Dasyam Vinay Bhaskar, Chief Whip For T.S Legislative Assembly & MLA From Warangal west in the presence of CREDAI leadership team Shri E. Prem Sagar Reddy, President-Elect, CREDAI Telangana; Shri. G. Ram Reddy, Vice President CREDAI National, and Past Chairman, CREDAI Telangana; Sri Ch. Ramchandra Reddy, Chairman of CREDAI Telangana, Sri D. Murali Krishna Reddy, President, CREDAI Telangana, Sri K. Indrasena Reddy, Secretary, Shri Jagan Mohan, and Sri G Ajay Kumar, Vice Presidents, CREDAI Telangana; Sri Sharat Babu, Joint Secretary, CREDAI Telangana; Sri Satyanarayana Reddy, President, CREDAI Warangal; Sri. J. Manohar, General Secretary, CREDAI Warangal; S. Amarlingeshwar Rao, Treasurer, CREDAI Warangal; Shri M. Ravinder Reddy, Organizing Secretary, CREDAI Warangal; Sri. Varun Agarwal, Youth Wing Convenor, CREDAI Warangal. The show offered a variety of properties that fit every budget or location of every category of customers.
Shri. Errabelli Dayakar Rao, Minister for Panchayat Raj and Rural Development, Telangana and Shri. Dasyam Vinay Bhaskar, Chief Whip For T.S Legislative Assembly & MLA From Warangal west appreciated the real estate sector for their valuable contribution to the development of The Tri-City and generating employment for the youth.
CREDAI Warangal has conceptualized and organized the CREDAI Warangal Property Show 2022 to showcase the best real estate projects in the Tri-City including Apartments, Villas, Plots, and Commercial Spaces under one roof. The 2-day Property Show will have the participation of around 100 real estate developers, vendors, and financial institutions offering the best properties and offers to home buyers in the Tri-city. The biggest property show is expected to attract almost 15,000 visitors per day.
Speaking on the occasion, Shri. E. Prem Sagar Reddy, President-Elect, CREDAI Telangana said, “Warangal is the Historical City that is emerging as a rapidly growing Futuristic Hub and an epicenter for development in the state. The real estate sector has been an active contributor to the growth of the city as a spurt in construction activity requires more than 250 allied industries to step up work to support the sector. This creates employment opportunities for people with varied skill sets, and the real estate sector is a vital contributor to the state GDP and is 2nd highest contributor to employment generation after agriculture. The city has recently been identified as a UNESCO Global Network of Learning City. Warangal is also one of the 13 Smart Cities for fast-track development and transformation. The state has envisaged several tasks like the construction of 40Km Smart Roads, initiatives for sustainable liveable neighborhoods, Green Urbanization, development of lakefronts, smart central district, and extended business district. These initiatives will lead Warangal to rapid development and sustainable growth. The 2nd CREDAI Warangal Property Show 2022 is an ideal place for prospective home buyers to select a suitable property out of the showcase of the best properties in and around Warangal and benefit from the expected price appreciation for the real estate sector due to rapid growth.”
Adding to this, Shri. Satyanarayana Reddy, President, of CREDAI Warangal said, “We are confident that the 2nd CREDAI Warangal Property Show 2022 will serve as a great opportunity for the builders to showcase their projects, as the Warangal city is growing at a rapid pace, which is having a positive impact on the real estate market. There has been significant growth in submarkets surrounding the city due to infrastructure improvements and improved road connectivity and new developments are expected to further expand them. In addition to being a Smart City, Warangal will be fast-tracked in development and transformation. Warangal city currently has 84 ongoing projects and the cost of these projects works out to Rs 2,860 crore, which comprises Area Based Development (ABD) projects (Rs 2707 crore) and PAN city (Rs 153 crore). Eight projects worth Rs 576.13 crore were completed. Work orders of 27 projects worth Rs 612.45 crore were issued. This will further accelerate the growth and development of the region. This is an appropriate time to buy a property in the city, just before the growth causes a rapid increase in property prices. At the property show, through the right offerings, we hope to provide customers with the right value at the appropriate time. As a member of CREDAI, we are committed to encouraging the growth of the real estate industry and advocating for initiatives that promote client satisfaction and adhere to industry standards.”
Adding to this, Shri. J. Manohar, General Secretary, CREDAI Warangal said, “Warangal the historic city is emerging as an epicenter for development and a futuristic hub in the state. 84 projects are currently being completed in Warangal city. As many as 10 tenders worth Rs 256.93 crore were released. At least 20 DPRs worth Rs 319.41 crore were approved. Another 19 DPRs worth Rs 488.03 crore are under preparation. Our city is emerging as one of the best-performing residential real estate destinations in the state in the past year, accompanied by strong fundamentals such as government stability, infrastructure, and economic growth. All these developments indicate the growth of Warangal is here to stay. The realty sector has shown substantial growth and helped enhance the reputation of real estate developers across Telangana. CREDAI Warangal Property Show is organized at the appropriate time for homebuyers to identify and purchase the best project on display. We are sure that the visitors to the property show will identify the best projects to suit their requirements out of over 500 properties on display at CREDAI Warangal Property Show.”
According to Shri M. Ravinder Reddy, Organizing Secretary, CREDAI Warangal said, “The CREDAI Warangal has been growing and strengthening its presence for the last few years, not only serving the real estate sector but also contributing value to government initiatives of progressiveness. In Warangal, the heritage city, we are confident that real estate investment and development will skyrocket soon. We have made adequate arrangements at the property show for visitors to move around all the 98 stalls conveniently and identify their dream home.”
Shri. Varun Agarwal, Youth Wing Convenor, CREDAI Warangal said, “The CREDAI Warangal Property show 2022 is the most authentic property show in the city. The show is attracting a large number of people to explore the best properties and plots in Warangal under one roof.”
Shri. Jagan Mohan, Vice President, of CREDAI Telangana said, “Since the formation of the state, the proactive policies of the government have played a critical role in the development of not only Hyderabad but also the other districts as well. The GRID (growth in dispersion) policy adopted for the development and industrial growth of Hyderabad is extending the growth corridors to districts. Warangal is fast emerging as the next most promising city in the state. It is a great initiative by CREDAI Warangal to organize this property show to showcase the best properties in the Tri-city and highlight the developments in the region. We urge prospective home-buyers to make the most of the property show to choose their dream homes and avail themselves of the attractive offers from developers showcasing the projects at the CREDAI Warangal Property Show.”
Shri. S. Amarlingeshwar Rao, Treasurer, of CREDAI Warangal said, “As part of CREDAI Warangal, we aim to create new benchmarks in the real estate industry; The goal of the property show is to build investment, development, business, tourism, and home-buying hub in Warangal, the next big city, by building world-class infrastructure. The show is appropriately timed and aims to showcase the best world-class projects by the members of CREDAI Warangal. It is highly recommended for people to purchase property before the price hike takes place.”
