Latest news with #CredaiHyderabad
Hans India
3 days ago
- Business
- Hans India
Credai property show takes off
Hyderabad: The 2025 edition of the Credai Hyderabad Property Show, the city's largest real estate exhibition, was inaugurated on Friday at HITEX Exhibition Centre by Telangana Chief Minister Anumala Revanth Reddy. Organised by the Confederation of Real Estate Developers' Associations of India (Credai), the three-day event, themed 'Choice is Yours', brought together over 70 leading developers showcasing more than 300 RERA-approved residential and commercial projects under one roof. The inaugural ceremony was attended by Credai Hyderabad President N Jaideep Reddy, President-Elect B Jagannath Rao, General Secretary K Kranti Kiran Reddy, Convener Kurra Srinath, Co-Convener Aravind Rao Mechineni, Credai National President-Elect G Ram Reddy, Credai Telangana President Indrasena Reddy, and other senior office bearers. This year's show features a wide range of properties — from apartments, villas, and plots to commercial spaces — along with participation from leading banks, financial institutions, and allied industries offering spot deals and innovative financing options. Speaking at the inauguration, N Jaideep Reddy described Hyderabad as a 'Global City on the cusp of rapid growth,' and lauded the Telangana government's infrastructure development, governance reforms, and investment-friendly policies. He suggested further initiatives such as beautifying key entry points, creating Real Estate Development Zones near transport hubs, and developing a comprehensive sports policy with world-class infrastructure. B Jagannath Rao highlighted Hyderabad's consistent lead in national real estate performance, citing Rs1 lakh crore in housing sales in 2024 and continued dominance in 2025. He noted the city's rapid growth in Grade A commercial space and its strong appeal to global investors across IT, pharma, EV, defense, and manufacturing sectors. Addressing sustainability concerns, K Kranti Kiran Reddy stressed the urgent need for water conservation, supporting government initiatives like HYDRAA for water resource preservation and EAGLE for eradicating drug abuse. He reaffirmed Credai's commitment to eco-friendly building practices, rainwater harvesting, and green development. The property show also features cultural programs, live concerts, expert sessions, and food stalls, offering a family-friendly experience alongside home-buying opportunities. Visitors can attend from August 15–17 at HITEX.
Hans India
09-08-2025
- Business
- Hans India
Credai Hyd pushes for tax cuts, green practices, skilled workers
Hyderabad: N Jaideep Reddy, the new president of real estate body Credai Hyderabad underlined the need for tax reforms to make housing more affordable, calling for reduced GST, lower stamp duty, and central incentives. 'Cement attracts 28 per cent GST for everyone, whether a common man or a developer. Reducing such taxes would benefit end-users and stimulate demand,' he noted. Speaking to The Hans India, Jaideep Reddy, who is also the Managing Director of Ashoka Developers & Builders Ltd,said that the Hyderabad chapter of the Confederation of Real Estate Developers' Associations of India (Credai) would primarilyfocus on policy advocacy, skill development, sustainable construction, and transparent practices to drive long-term real estate growth. He said the chapter works under the framework of Credai National and State, tailoring initiatives to Hyderabad's unique requirements. 'Our main objective is to advocate policy changes with the government, resolve member issues, and encourage more developers into the organised sector. Credai stands for credibility, and our members are committed to delivering projects on time with quality,' he explained. He lauded Telangana's infrastructure initiatives, including metro expansion, the Regional Ring Road (RRR), and the Musiriverfront development, while highlighting tools like TSbPASS and BuildNow that have streamlined project approvals despite minor technical glitches. Since RERA's rollout in Telangana in 2017, Reddy said compliance has strengthened buyer confidence. 'RERA must remain strict to protect stakeholders. At Credai, credibility and best practices are non-negotiable,' he stressed. With real estate still largely family-run, Reddy said Credai's Youth Wing is mentoring first- and second-generation developers under 40. 'With proper guidance, the next generation can bring greater innovation and professionalism,' he added. Addressing rising construction costs, labour shortages, and environmental clearances, the new Credai Hyderabad president said Credai conducts regular workshops, site visits, and training to promote best practices and technology adoption. 'Despite technological advances, much of the work - like flooring, painting, and fine finishing - remains hand-crafted. Continuous skill training is essential, especially as fewer people enter traditional trades like carpentry,' he explained. Hyderabad developers are increasingly using modular and MyOne construction methods to save time and improve quality, alongside CRM tools for better sales management. On sustainability, Reddy urged collective action: 'IGBC certifications, green ratings, and stricter norms are on the way. Going green is everyone's responsibility - government, industry, and citizens alike.' Hyderabad's real estate market remains robust across middle, upper-middle, and luxury housing, supported by steady office space absorption, Reddy said, adding that job creation in commercial sectors directly boosts residential demand with world-class gated communities matching India's best. He also pointed to the rise of satellite corridors like Kompally, Pocharam, Shadnagar, and Medchal, which are evolving into self-contained hubs with IT parks, residential clusters, and supporting infrastructure. While investors bring liquidity, Reddy described Hyderabad as primarily end-user-driven market. Credai's upcoming property show will allow buyers to assess projects, offers, and documentation in one venue. According to him, post-Covid, buyers have shifted towards larger homes with better amenities. 'People now prefer 2.5 or 3BHK homes in gated communities with strong transport links and water security. Younger buyers are more aspirational, and affordability has improved,' he said. Reddy urged buyers not to leave capital idle. 'Invest early in the right projects after due diligence - check documents, ask questions, ensure clarity. Real estate is a tangible, appreciating asset that offers security and tax benefits,' he said. Rising rentals, he added, make ownership attractive: 'In 2020, a 3BHK in Narsingi rented for Rs20,000; today it's Rs50,000. Paying slightly more in EMIs lets you own a home, gain tax advantages, and build an asset.'Expressing confidence in Hyderabad's growth trajectory, Reddy said, 'Nobody can stop the city's progress. Whoever is in government will have to support development. Real estate is cyclical - it doesn't all happen at once, but with the right policies and practices, growth will continue.'
Hans India
12-07-2025
- Business
- Hans India
New Credai Hyd team pushes for reforms, infra boost
Hyderabad: The newly-elected leadership of CredaiHyderabad has unveiled a progressive roadmap for the city's real estate sector, pledging holistic development, policy reforms, and infrastructure support. In its first formal media interaction since taking office on June 20, the committee outlined its vision for a more inclusive, transparent, and investment-friendly property market. N Jaideep Reddy, president, Confederation of Real Estate Developers' Associations of India (Credai) – Hyderabad, described the new leadership team as 'young, diverse, and energetic', representing all geographical quadrants—North, South, East, and West Hyderabad. He emphasised that many of the current office bearers are second-generation developers who rose through the Credai Youth Wing, which now comprises over 100 active members. 'Our team is rooted in experience and driven by fresh energy,' Reddy said. Within just three weeks of assuming charge, Credai Hyderabad has initiated dialogues with key government departments, especially the Municipal Administration and Urban Development (MAUD), to address long-pending regulatory and operational challenges. Reddy termed the government's response 'very positive', citing encouraging movement on stalled issues. The real estate sector in Hyderabad continues to exhibit strong fundamentals. According to Credai, property registrations in May 2025 alone crossed Rs 4,300 crore, registering a 14 per cent year-on-year growth. This surge, Reddy noted, is supported by Hyderabad's expanding employment hubs, a favorable investment climate, and ongoing infrastructure upgrades. Looking ahead, the city is expected to add nearly 200 million square feet of office space by 2026, fueled by rising demand from Global Capability Centers (GCCs) and sustained public investment in infrastructure. Projects such as the Regional Ring Road (RRR), Phase-II of the Metro Rail, and elevated corridors are set to significantly boost urban connectivity and ease mobility across the city. A major initiative announced was a mega property exhibition scheduled for August 15–17 at the Hitex Exhibition Center. The event will showcase over 300 real estate projects, including luxury apartments, villas, and gated communities, across more than 70 stalls in two large halls spanning 80,000 square feet. 'This show will be a one-stop destination for homebuyers to compare, clarify, and choose properties under a single roof,' said Credai convenor Kurra Srinath. The exhibition will also feature cultural elements such as Telangana's traditional art, crafts, and food courts to create a festive atmosphere for families. CredaiHyderabad is also pressing for key regulatory reforms. The body called for a reduction in stamp duty and simplification of approval processes, which are currently mired in bureaucratic delays across departments such as HMDA, GHMC, and the Water Board. Developers are often required to obtain water feasibility certificates despite the absence of a standard process. 'To truly improve ease of doing business, we urge the state to unify these services under a single-window clearance system that integrates fire safety, electricity, water, and municipal permissions,' said a Credai representative. Another contentious regulation under scrutiny is the mortgage clause mandated by GO 86, which requires developers to mortgage 10 per cent of the land. 'Given the full implementation of RERA, this clause is outdated. We are requesting its revision or removal,' Credai leaders argued. Responding to perceptions that West Hyderabad is the city's only growth zone, the leadership highlighted robust developments across North, East, and South. 'The people tend to focus on the West due to higher visibility and marketing, but the real growth is across the city,' they asserted. With recent rate cuts by the Reserve Bank of India making home loans more affordable, Credai Hyderabad believes now is an ideal time for buyers to invest. 'Hyderabad remains more affordable than metros like Bengaluru or Chennai. With better infrastructure and quality of life, the timing couldn't be better,' they added. Concluding, Reddy reiterated the association's commitment to sustainable, inclusive growth and collaboration with all stakeholders. 'CredaiHyderabad is ready to lead from the front and ensure our city remains one of India's most vibrant real estate destinations.'
