Hyderabad, October 31st, 2022: The two-day, Times Property – Hyderabad Property Expo 2022, one of the biggest property expos in Hyderabad, being hosted by The Times of India; was formally inaugurated by Chief Guest Mr. Somesh Kumar, IAS, Chief Secretary, Government of Telangana; today at HITEX Exhibition Centre. The exhibition is open from 10.00 am to 7:30 pm on Saturday 29th and Sunday 30th October 2022. Over 35 property developers, including the biggest developers like Aparna Constructions, Jayabheri Properties, and Rajapushpa Properties are participating in the exhibition. Mr. Srinivas Reddy, ED, Rajapushpa Constructions; Mr Ashwin Shukla, Chief Marketing Officer, Jaya Bheri Constructions and Mr Venkat Ravi, Aparna Constructions; graced the occasion.
Speaking on the occasion Mr Somesh Kumar said, it is interesting to see forty property developers participating in this exhibition. It is heartening to know that Hyderabad is one of the fastest-growing city in terms of real estate. It is also heartening to know that from August 31st, 2018, that’s when we launched RERA, we have cleared more than 5299 registrations, the amazing part is, we are number five in the country, by size we are much lower, but by growth and number of registrations, there are only a few states which are above us like Maharashtra, you know how big it is, besides Tamil Nadu, Gujarat, and Karnataka. Very soon we will move further up. RERA really reflects how healthy is the real estate market, which gives us lots of assurance. We clear all the new proposals expeditiously without giving any opportunity for anyone to complain about any delay. In commercial space 9.5 CRS. ft has been registered and in residential alone, we registered 188 crs., Sft., under RERA and are confident of going forward with the same vigor. Many ask how Hyderabad is doing so well, it is because we ensure the growth of the city through certain factors. The government has taken various measures, some of which you already know, like the business of inverters and generators, which have become extinct, because of uninterrupted power supply. Law and order is of the highest order, there is no scarcity of potable water, because of the various measures initiated by the government. All these have led to huge investments coming to Telangana. Under the concept of SRD, Strategic Road Development, we have something called the Corridor approach, we take a corridor and work towards a free and fast movement of vehicles. We have done 47 projects of flyovers, ROBs RUBs, etc., for more than Rs six thousand crores and already completed 32 of these and the remaining also will be completed shortly. Urban flooding is a world phenomenon, we are working to tackle that. The government of Telangana has initiated a program called SND, the Strategic Nala Development project has taken up works worth of Rs 850 CRS., to ensure water logging-free areas and has been successful on that. In addition to infrastructure, we have been focussing on the city being green and the air quality being clean. Because of the Hon’ble Chief Minister’s initiative of Telangana Haritha Haram, the green cover of Telangana has increased by more than 7.7 percent. Hyderabad got the Green Award recently, despite major cities like Paris, and Montreal participating and competing against Hyderabad and there we got the award, which is an indication of our high standard of green cover. The stamps and registration department has simplified the process, and this year only two states will be ahead of us in revenue terms those states Maharashtra and UP are so big, that it is very difficult to compete with them, but someday we may overtake them as well.
Mr Srinivas Reddy said, the Times Property – Hyderabad Property Expo, is an excellent platform for anyone coming to purchase a home, to get information about all the projects and value for money you spend, under one roof.
Mr Ashwin Shukla said, Hyderabad has been growing remarkably well and events like Times Property – Hyderabad Property Expo, bring the buyers and developers together for the benefit of both.
The expo is hosting Seminars, with an eminent panel comprising of Mr Ram Reddy, AVP, CREDAI National; Mr Nand Kishore, MD, Ramky Estates and Farms; Mr Biswajit Patnaik, MD, Mandate & Beyond Advisory; Mr Samson Arthur, Branch Director, Hyderabad, Knight Frank India; Mr Mukul Agarwall, Director, Koncept Ambience; & Mr Ajitesh Korupolu, CEO, ASBL; educating and empowering consumers to take an informed decision.
The Expo is showcasing some of the latest and best projects in Hyderabad, offering futuristic amenities across various locations of the rapidly growing city. It offers a plethora of options under one roof, to satiate the varied preferences and appealing features to customers. It has Villas, Apartments, and other options and price points to suit different budgets, with luxurious amenities to facilities of comfort; across the geographies of the expanding city.
Reports indicate that the demand for properties has seen an extraordinary upsurge in Hyderabad, post-pandemic. Most consumers are looking to invest in property as a residence to live or an investment, as property prices are appreciating and offer better returns. Some are opting for a second property that is more spacious and provides greater privacy. The ultra-modern amenities which upgrade the lifestyle is major traction for most opting for a second home. Adding to the spurt in demand, is the City attracting the cream of the talent from across the country and abroad, who don’t mind paying a premium for a cozy dwelling.
According to studies on property markets, Hyderabad has seen an unprecedented 222% jump quarter-on-quarter and a 140% rise year-on-year in property sales, making the city the second most expensive property market, next only to Mumbai. Most properties are getting sold like hotcakes across different locations of the city including Bachupally, Kompally, Tellapur, Gandipet, Dundigal, Nacharam, Mallapur, Miyapur, AS Rao Nagar, etc. The ten-year low home loan interest rates have given further impetus to this property-buying spree.
Times Property – Hyderabad Property Expo 2022, is an initiative of India’s largest and most well-known media house, to make the consumer aware of the best options available in terms of quality, amenities, price, locations and other valuable parameters and ensure the best bargain for the him.
The top Developers participating in the Expo are Aparna Constructions; Rajapushpa Properties; Cybercity Builders & Developers; Ramky Estates; ASBL; M A K Projects; Sukhil Group, Mahidhara Projects Pvt Ltd; Vertex; Red Cell; Jayabheri; SRR Sriram River View; Ira; Vishal Projects; Anmol Constructions; Koncept Ambience; Mahaveer; Pooja Crafted Homes; MRKR Constructions & Industries; SMR Holdings; Modi Builders; Lansum; GHR Infra; Planet Green; Janapriya Upscale; Real Stone; Pacifica Companies; Silpa Infratech; S Sarabha Group; Kapil Properties; Century Homes; NCC Urban; Virtusa Life Spaces; TMR Group; Fortune Infra Developers; Ruchin Infra; Green Home, Vijay Sai Housing Projects and Tejase Developers.