Realty prices in Hyderabad set to go up 50 per cent: CREDAI

Hyderabad: With bifurcation of Andhra Pradesh is being finalized with the Presidential assent and new government, both at the central and state levels post elections, bringing high scope for development, the Confederation of Real Estate Developers' Associations of India (CREDAI), the apex body for private real estate developers in India, believes that the Hyderabad Real Estate is poised to grow further as the outlook is positive.

Presently, the city of Hyderabad, which has infrastructure comparable to other metros, has been offering residential properties at a much lower price.

With the political clarity after the Parliamentary and state elections coming in few months from now, CREDAI is confident that brand Hyderabad will emerge as the leading destination for the real estate investments going forward.

To offer various kinds of properties under one roof, CREDAI has recently organized Hyderabad Property Show 2014 at Jalavihar, Necklace road, Hyderabad.

The three-day property show, which ended on Monday was inaugurated by Ponnala Lakshmaiah, state minister for IT & Communications, along with the M. Maheedhar Reddy,  Minister for MA&UD, D. Nagender, Minister for Labour, E, T&F, ITI, in the presence of CREDAI senior leadership team comprising of C. Shekar Reddy- President, CREDAI National, N. Jaiveer Reddy-President, CREDAI Hyderabad, S. Ram Reddy, General Secratary CREDAI Hyderabad and a large number of developers, stakeholders and industry members.

CREDAI Hyderabad Property Show 2014 has witnessed the participation of over 100 developers and other stakeholders. The homebuyers were given an opportunity to find out the best projects in the city at one location.

Speaking about the show, N Jaiveer Reddy, President CREDAI Hyderabad, said, "Hyderabad offers the best infrastructure facilities and connectivity across the city. The city is a preferred destination for most of the IT & ITES organizations, Gaming and Animation industry besides the health care sector. The property prices are the lowest when compared to cities with comparable development and infrastructure. 

The CREDAI Hyderabad Property Show 2014 is being organized to bring all the best projects in the city under one roof so that the consumer can choose the best property taking the advantage of the present low prices. This is right time to purchase property after the declaration of Telangana as the prices are going to increase in the near future.”

S. Ram Reddy President CREDAI AP said, "Hyderabad has a current population of about 8 million and plans are in place for setting up a 50,000 acres ITIR region in the city, which is likely to employ almost 15 lakh people directly and about 53 lakh people indirectly in the next 2 decades. This will create a huge demand for housing in the city across segments. We are likely to experience a good growth in the property prices. It is a golden opportunity for the consumers to make the most of the present rock bottom price at Hyderabad."

C Shekar Reddy, President CREDAI National, said, "CREDAI Property show in Hyderabad has always generated a lot of interest with the people. With the political clarity coming, the real estate sector in the city is likely to see a spurt in the demand going forward. Presently the real estate prices in Hyderabad are the lowest hence it is the best time to purchase a property in Hyderabad as we expect up to 50 % increase in residential apartments prices within 12 months."